The Central Bank revoked the license of Gazstroibank that were included in the rating of credit organizations under the 335 number. The Bank was registered in Moscow under number 2919.
The reason for such extreme measures are called high-risk credit policy of the Bank, who allowed the placement of customer funds in assets of low quality. As soon as management were adequately assessed the risks in connection with the regulator’s requirements, but also faithfully reflected the value of assets, it became clear that it is necessary to take measures early to prevent the probable bankruptcy. In addition, the Bank identified the transaction of dubious origin.
Although imposed by regulator warnings and requirements to bring the reporting and the work of the Bank in accordance with the requirements of Federal law and regulations of the Central Bank of the Russian Federation, to prevent the revocation of the license failed. The Bank is the participant of system of insurance of contributions. What banks partners to investors will be paid the amount within the limit of the insurance indemnity will be notified on the website of the Central Bank, as of the date of the beginning of compensation payments.
