After the Central Bank deprived of the license StarBank and yesterday 1Банк, national corporate Bank and Bank “St. Catherine” in Russia there were 666 banks, according to “Izvestia”.
“JSC StarBank conducted high-risk lending policies and create adequate accepted risks provisions for possible losses on loans. In this case the credit institution does not obey the 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. In addition, the Bank was involved in questionable conduct operations on a conclusion of money abroad, and also dubious transit operations. The management and owners of JSC StarBank has not taken effective measures to normalize its business”, – stated in the message on the website of the knob.
