Central Bank revoked the license of Moscow Bank

The regulator has banned the operations of the Moscow Inkarobank. He is a 340-th place in the banking system of the country

Photo: Eugene Reasonable / statements / TASS

The Central Bank from October 31 to revoke the license of Inkarobank — Moscow credit organizations, held at the beginning of October to total assets 340-th place in the Russian banking system. About it reports a press-service of the regulator.

The priority of the Bank was lending to individuals and legal entities at the expense of attracted funds of the population, which accounted for about 60% of the total balance. A large part of Bank-issued loans were of dubious quality, said the Bank of Russia.

“Proper assessment of credit risk by the supervisor’s request revealed a significant reduction in the size of own funds (capital) of the Bank (almost twice) and, as a consequence, the emergence of the grounds for implementing measures to prevent insolvency (bankruptcy) that has created real threat to interests of its creditors and depositors”, — is spoken in the message of the Central Bank.

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