Central Bank of Russia deprived of the license Vologda “promenergobank”. The corresponding order of the controller issued on Friday, 5 August. The Central Bank considers that a credit institution does not execute the Federal laws regulating Bank activity, and statutory acts of Bank of Russia that is a threat to investors.
“JSC “promenergobank” conducted high-risk lending policy connected with placement of funds into low-quality assets. Adequate assessment of risks assumed at the request of the Supervisory authority and reliable reflection of the value of assets of the Bank resulted from the credit institution grounds for implementation of measures on prevention of bankruptcy. In addition, in connection with loss of liquidity the Bank admits the cases of untimely fulfillment of obligations to creditors. The management and owners of Bank have not taken measures required to normalise its activities. In the circumstances, the Bank of Russia made the decision on a conclusion “Promenergobank” banking market”, – stated in the press release of the Central Bank of the Russian Federation.
We will remind, problems with payments, the organization began in the end of last month. On 26 July, the Bank was disconnected from system of electronic payments of the Bank of Russia. All payments are processed in manual mode.
Now in “Promenergobank” appointed a temporary administration, according to news Agency “SeverInform”.
Note, revocation of license is insured, and the law provides for payment of insurance compensation to depositors of the Bank, including individual entrepreneurs, in the amount of 100% of the remaining balance, but not more than 1,4 million rubles in aggregate per depositor.
According to statements by total assets “promenergobank” on July 1 this year took place 364 in the banking system of the Russian Federation.
