The Central Bank withdrew the license at «Altaybiznes-Bank»

© RIA Novosti / Natalia to Seliverstova in fotobanka on the building of the Central Bank of Russia. Archival photoThe Central Bank withdrew the license at «Altaybiznes-Bank»© RIA Novosti / Natalia to Seliverstova the image Bank

The Bank of Russia from January 19, revoked the license of the «Altaybiznes-Bank» (Barnaul), is spoken in the message of the regulator.

By assets on December 1, 2017, the credit institution took the 512-th place in the Russian banking system.

«The Bank of Russia order 19.01.2018 OD-83 19.01.2018 revoked license on banking operations of the credit institution joint stock commercial Bank «Altaybiznes-Bank» (joint-stock company) JSCB «Altaybiznes-Bank» (JSC) (reg. No. 2388, Barnaul). Problems in activities of JSCB «Altaybiznes-Bank» (JSC) has arisen in connection with the use of a risky business model focused on lending to companies associated with the management of the credit institution, and, as a consequence, the formation of the balance of a significant amount of assets in low-quality», — stated in the message.

It is noted that «proper assessment of credit risk revealed a significant reduction in the amount of own funds and the presence of grounds for implementation of measures on prevention of bankruptcy, which created real threat to interests of its creditors and depositors».

The Bank appointed a temporary administration.

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