Matvienko recalled that more than a third of banks revoked license

© RIA Novosti / Mikhail Komentowania Matvienko. Archival photoMatvienko recalled that more than a third of banks revoked license© RIA Novosti / Mikhail Klimentyev

Currently, more than a third was in the territory of Russia banks withdrawn or revoked license, they are recognized as bankrupt, said the speaker of the Federation Council Valentina Matvienko.

«At the present time on the territory of the Russian Federation was 946 credit institutions. More than a third of them are revoked or cancelled license. Almost all of them declared bankrupt and concerning it competitive manufacture» — she said at the meeting of the Interregional banking Council in the Federation Council.

According to the speaker of the Federation Council, Russia closed an average of about 100 banks annually.

«It is clear that the withdrawal from the market unstable and unscrupulous players ensures the reliability and stability of the entire national financial system. And if the banking system itself does not get rid of unfair participants, this feature has to be the regulator,» — said Matvienko.

She cited data of the Agency for Deposit insurance, under which 80% of Russian banks lost their licenses as a result of illegal actions of their owners and managers.

The most widely scheme for lending to their owners, the overstatement of assets and fictitious capitalization, said Matvienko. According to her, on the eve of bankruptcy, «the banks’ assets become unsecured loans and promissory notes of non-existent companies».

«I regret to note that the addition of the Criminal code articles on responsibility of managers of financial institutions for MIS-reporting are unable to reverse the situation», — said the speaker.