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“Milbank”, “design House” and “Zerich” lost the license

"Милбанк", "Расчетный Дом" и "Церих" лишились лицензии

The Central Bank of Russia has withdrawn licences at two capital one and Bank of Orel. This was reported on the official website of the regulator.

On February 26 Moscow “Milbank” has lost the license on banking operations due to high-risk lending policy and lack the required resources for its safe continuation. In the message of the Central Bank of Russia also notes that the management and owners of Bank have not taken adequate measures to normalize the activities of credit institutions.

As of 1 January 2016 “Milbank” was located on 342 th place in rating of Russian banks.

In addition, the license is lost and the Moscow Bank “clearing house” in connection with repeated violations of Federal laws in the sphere of banking activity, the law “about counteraction to legalization (laundering) of incomes received by criminal way, and terrorism financing” and normative acts of the Central Bank of the Russian Federation.

Assets of “clearing house” taken on 1 January 2016 654-th line of the rating of the Russian banking system.

The CBR has also denied licenses today and Orlovsky Bank “Zerich”. In addition to violations of the law and the requirements of the regulator financial institution engaged in high-risk lending policy, including the placement of funds in assets of poor quality. When this administration and the owners of the Bank did not adhere to an adequate assessment of the risks and concealed the real value of assets, which has led to a situation close to bankruptcy.

At the beginning of 2016 Bank by assets ranked 449th place in the banking system of the Russian Federation.

In all three banks appointed interim administration.

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