The Central Bank revoked the license of the Kostroma Csobanka

© RIA Novosti / Natalia to Seliverstova in photobacteria Central Bank of Russia. Archival photoThe Central Bank revoked the license of the Kostroma Csobanka© RIA Novosti / Natalia to Seliverstova the image Bank

The Bank of Russia from September 17, withdrew the license for banking operations at Csobanka (Kostroma), is spoken in the message of the regulator.

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, as well as taking into account the presence of real threat to interests of creditors and depositors.

«The business model of CB «Iconbank» was pronounced captive character — the main activity of the Bank was to Finance the wholesale and retail entities associated with the business of the owner. Currently, the loan debt of these companies formed 80% of corporate credit portfolio, LLC «Iconbank» that, taking into account the nature of economic relations with a credit institution, led to the formation of the balance of a significant proportion of assets of dubious quality», — stated in the message of the Central Bank.

This is actually the only source of funding data investment Bank was raised from the public funds. 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 the presence of grounds for implementation of measures on prevention of insolvency (bankruptcy). In this situation, the owner of the Bank withdrew from the solution of the problems and said the lack of intentions to take effective measures to normalize its activities, said the Central Bank.

It is noted that the Bank of Russia seven times in the last 12 months applied against Csobanka Supervisory measures of exposure, including twice restricted and once a ban on raising funds from individuals. 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, the Bank on September 1, took the 285-th place in the Russian banking system.

Source