The Central Bank revoked the license of the Moscow Inkarobank

© RIA Novosti / Natalia to Seliverstova in fotobanka the building of the Central Bank of the Russian Federation. Archival photoThe Central Bank revoked the license of the Moscow Inkarobank© RIA Novosti / Natalia to Seliverstova the image Bank

The Bank of Russia from October 31, withdrew the license for banking operations from Moscow Inkarobank, said in a statement the regulator.

The decision 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. As 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.

The Bank of Russia eight times in the last 12 months applied against Inkarobank Supervisory measures of exposure, including twice restricted and once a ban on raising funds from individuals. moreover, the credit institution violated restrictions on the exercise of other transaction types you entered in order to protect the interests of its creditors and depositors, as well as opposition to carry out inspections of the Central Bank.

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. 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 1 October took the 340-th place in the Russian banking system.