The Central Bank of Russia revoked the license of the Moscow Bank “VEK” and “DS-Bank. It is stated in the materials of a mega-regulator.
“DS-Bank
Commercial Bank “Dynamic system” conducted high-risk lending policy connected with placement of funds into low-quality assets. The Bank has not fulfilled the requirements of the Bank of Russia and did not create the necessary reserves for possible losses.
Since the beginning of may 2016, the Bank virtually ceased its operations. In addition, the credit institution was involved in dubious transactions, enters into the regulator.
On 01 April 2016 KB “DS-Bank” occupied 531 th place in the banking system of the Russian Federation.
“VEK”
Commercial Bank “VEK” was of poor quality assets and inadequately assessed the risks. Check the Bank of Russia revealed the complete loss of own means (capital) of the Bank. Managers and owners of the credit institution did not take effective measures to normalize its activities, noted in the TSB.
By total assets of AKB “VEK” on 01 April 2016 occupied 296 place in the banking system of the Russian Federation.
DEPOSITS
AKB “VEK” was the participant of system of insurance of contributions. Revocation of license is insured. Payments to depositors, including private entrepreneurs, will begin no later than 14 days from the date of revocation of the license. The order of payment of insurance compensation will be determined by the state Corporation “Agency on insurance of contributions”.
Each investor, including an individual entrepreneur (SP), is entitled to receive in the shortest time possible insurance reimbursement.
The insurance indemnity is paid in the amount of 100% of the sum of all his accounts (deposits) in the Bank, including open for business, but not more than 1,4 million rubles in total. The amount not reimbursed by insurance, will be repaid during Bank liquidation in the claims of the senior creditors (accounts for IP, open for implementation of business activity, — in the third stage).
