photo: Gennady Cherkasov
As they say in the message of the regulator, published on Friday morning, with the Central Bank on 26 February revoked the license for banking activity in Moscow “Milbank” and “Settlement house” and the Bank “Zerich” (city Orel),
According to the Central Bank, management of “Milbank” conducted high-risk lending policies and create adequate accepted risks provisions for possible losses on loans, stated in the release the Central Bank. The Bank has not met the requirement of instructions of Supervisory authority about the imposition of restrictions on the exercise of certain operations, directed on protection of interests of depositors of the Bank.
“Milbank” and “Zerich” are members of the Deposit insurance system. The Agency on insurance of contributions (ASV) has already declared readiness to pay to the depositors of these financial institutions.
The activity of the Central Bank in recent times is not limited to banks. So, on Thursday it became known that the Central Bank revoked the licenses of the insurance company “Agros”, “invest-Garant” and “the Capital insurance and reinsurance center.” The decision to use such measure was taken “in connection with the failure to remove within the specified period the violations of insurance legislation, which was the basis for the suspension of the license”.
Recall that with the arrival of Elvira Nabiullina, the Central Bank started mopping up the Russian banking market . Among loud episodes — the revocation of the license from one of the largest and oldest credit organizations in the country — Master-the Bank. Because of the “questionable transactions” by 200 billion rubles on 20 November, 2013 lost license, the Bank with the largest ATM network.