The Central Bank revoked the license of the Bank «Kansky»

© RIA Novosti / Natalia to Seliverstova in photobacteria the Central Bank of Russia on Neglinnaya street in Moscow. Archival photoThe Central Bank revoked the license of the Bank «Kansky»© RIA Novosti / Natalia to Seliverstova the image Bank

The Bank of Russia revoked the license of the commercial Bank «Kansky», reported on the regulator’s website on Wednesday.

«The Bank of Russia informs about the accepted decision about the withdrawal from 13 December 2017 license for banking operations of the credit institution Commercial Bank «Kansky» limited liability company KB «Kansky» LLC, registration No. 860, Krasnoyarsk region, Berezovsky R-n, settlement Berezovka (Bank of Russia order dated 13 December 2017 OD-3490)», — stated in the message.

The decision to revoke the license is accepted in connection with default by Bank of requirements of the legislation of the Russian Federation and normative acts of the Central Bank, regulating banking activity, the value of all the adequacy of own funds (capital) below 2% and a decrease in the size of own means (capital) below the minimum Charter capital.

As reported by the Central Bank, the basis of the resource base of the Bank was raised from the public funds going to loans to individuals. Inefficient system of risk management and internal control of the Bank led to the emergence of balance of significant volume of assets of poor quality. Moreover, during Central Bank check the absence of a Bank of primary documents, confirming the results of a significant number of loans.

The execution by the credit organisation of the requirements of the Supervisory authority on proper credit risk assessment revealed complete loss of its equity (capital), said the regulator. It is reported that the Central Bank has repeatedly used against the Bank «Kansky» measures of Supervisory response, including double-restricted, and once the ban on attracting deposits of the population. The management and owners of Bank didn’t take effective action, aimed at normalizing its activity. The Bank appointed a temporary administration.

The Bank is the participant of system of insurance of contributions. By total assets, according to Central Bank data, he on December 1, 374 took place in the banking system of the Russian Federation.