The Bank of Russia revoked the license of the Bank «Accent»

© RIA Novosti / Natalia to Seliverstova in photobacteria the Central Bank of the Russian Federation. Archival photoThe Bank of Russia revoked the license of the Bank «Accent»© RIA Novosti / Natalia to Seliverstova the image Bank

The Bank of Russia on 18 may revoked the license for banking operations of the Bank «Accent», reported on the website of the Central Bank (CB).

«The Bank of Russia informs about the accepted decision about the withdrawal from may 18, 2018 of the license for banking operations of the credit institution Public joint stock company joint stock commercial Bank «Accent» JSCB «Accent», reg. No. 696, Orenburg region, Orsk (Bank of Russia order dated may 18, 2018 OD — 1249)», — 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 activities, including in the field of combating the legalization (laundering) of incomes obtained in a criminal way and financing of terrorism in terms of correctness bound by a credit institution to the authorized body information on operations subject to mandatory control, as well as the identification of beneficial owners of customers. In addition, the regulator took into account the presence of real threat to interests of creditors and depositors.

As noted, the Central Bank, the problems in the Bank «Accent» arises from the use of extremely risky business model, which led to the formation of the balance of a significant amount of assets of poor quality. Proper assessment of credit risk by the supervisor’s request revealed a significant reduction in the size of own funds (capital) of the Bank, and whether its activities are the grounds for implementation of measures on prevention of insolvency (bankruptcy), which has created real threat to interests of its creditors and depositors.

Thus the credit organization carried out the «scheme» transactions with the owners to artificially control the size of own funds (capital) for the purposes of formal compliance with prudential norms of activity. CBR has repeatedly used against the Bank «Accent» measures of Supervisory response, including twice introduced restrictions on attracting deposits of the population. 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, as of may 1, he held 465-th place in the Russian banking system.