Payments to depositors of the Moscow Inkarobank will begin no later than November 14

© RIA Novosti / Natalia to Seliverstova in photomontagist for Deposit insurance. Archival photoPayments to depositors of the Moscow Inkarobank will begin no later than November 14© RIA Novosti / Natalia to Seliverstova the image Bank

Payments to depositors who lost the license of the Moscow Inkarobank will begin no later than November 14, reports the Agency on insurance of contributions (ASV).

«Payments will begin no later than November 14, 2018… For operational reception of statements of citizens and the fastest payments of compensation on deposits, the Agency intends to use the agent banks. In accordance with the decision of the Board of the Agency such agent banks will be selected on a competitive basis no later than 8 November», — stated in the message.

The Bank of Russia from October 31 revoked the license of Inkarobank 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.

According to the regulator, a priority of Inkarobank was lending to individuals and legal entities at the expense of attracted funds of the population (about 60% of balance sheet total). With more than half of Bank-issued loans were of dubious quality. Proper assessment of credit risk by the supervisor’s request showed a reduction in the size of own funds (capital) of the Bank almost doubled.

In addition, in order to conceal the real financial situation and formal compliance with prudential norms Inkarobank in the current year is systematically carried opaque to the Supervisory body (circuit) operation, aiming at the artificial maintenance of the capital value. Also in the activities of Inkarobank showed signs of unfair behavior of managers, expressed in transactions for the withdrawal of liquid assets to the detriment of the interests of creditors and depositors, according to the regulator.

By total assets, according to Central Bank data, the Bank on 1 October took the 340-th place in the Russian banking system.

Payments to depositors of the Moscow Inkarobank will begin no later than November 14Go to fotobanka.cz the licenses of banks of Russia

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