The Central Bank revoked the license of the Volgograd Bank «COR»

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

The Bank of Russia on October 5 revoked the license for banking operations of the Bank «KOR» (Volgograd), is spoken in the message of the regulator.

«The business model of JSC «JSCB «COR» has largely been oriented towards serving the interests of its main shareholder and related entities. loans receivable the companies directly or indirectly related to the ultimate beneficiaries of credit institutions accounted for about 50% of the loan portfolio,» explains Dr. Bank.

In the Bank, the regulator has identified numerous violations of the law and normative acts of the Central Bank in the field of combating money laundering and financing of terrorism. In addition, in the second quarter of this year sharply increased the volume of the Bank’s dubious transit operations.

In addition, the Central Bank revoked the license of the Bank to carry out professional activities on the securities market. 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, occupied 390-th place in the Russian banking system.

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