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Friday, March 16, 2018

Central Bank ceased operations of the Bank from the TOP 100

Another Bank of TOP-100 in Russia had ceased their activities. On Monday 26 September it became known that the CBR revoked the license of the Military-industrial Bank. Before that the Bank tried to improve the regulator had placed a provisional Trustee to the Agency for Deposit insurance. But the leadership of the VPB is not transferred to the Agency legal documents, so now the Bank has revoked the license and stopped the activities of the interim administration.

The regulator reports that the Bank failed to adequately assess the risks, quality of its assets was unsatisfactory, Yes, VPB did not provide the necessary reporting of combating money laundering and the financing of terrorism.

Investors will begin to viparchive insurance benefits on October 10. The population is kept in a Bank about 30 billion rubles.


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