The Bank of Russia on Monday, March 28, withdrew the license for banking operations in Moscow Smartbank (378 place in the banking system of the Russian Federation). It is reported in the press release on the website of the Central Bank.
The decision was made in connection with default by a credit institution Federal laws regulating banking activity and Bank of Russia regulations, repeated violations of the law on counteraction to laundering of income obtained by criminal means and financing of terrorism. In addition, Smartbank conducted high-risk lending policy connected with placement of funds into low-quality assets.
The Bank appointed a temporary administration. Revocation of license is insured. Investors provides for the payment of the insurance indemnity in the amount of 100 percent of the balance, but not more than 1,4 million rubles in aggregate per depositor.
In addition, the Bank of Russia from March 28, revoked the license of the Moscow commercial Mosvodokanalbank (524 place in the banking system of the Russian Federation).
