Date: 6 months ago   Category: Finance

The Central Bank has revoked the license from the Circassian K2 of Bank — Rambler News Service


The Bank of Russia since August 31 has revoked the license for banking operations from K2 of Bank from the city of Cherkessk, it is told in regulator materials. The bank isn't a participant of a deposit insurance system. "K2 Bank (autonomous area) was monogrocery credit institution which business model concentrated on providing bank guarantees with attraction of a narrow circle of intermediaries (agents) on the non-market and not corresponding to business customs conditions" — it is said in the statement of the Central Bank. The regulator notes that as of August 1, 2018 the portfolio of the guarantees given by bank has made 9,5 billion rubles, having exceeded the size of own means of credit institution more than by 5 times. Also have added to the Central Bank that the bank "incorrectly reflected in account the expenses on total amount about 400 million rubles connected with payment of intermediary services in involvement of principals that has led to distortion of financial result of his activity". "Besides, formalistic approach to assessment of activity of principals has led to essential understating of the accepted K2 Bank (autonomous area) of credit risks on the provided bank guarantees. Implementation of requirements of the Bank of Russia about elimination of the above-stated violations has revealed considerable reduction of the size of own means (capital) of bank and existence in his activity of the bases for implementation of measures for prevention of insolvency (bankruptcy) that has created real threat to the interests of his creditors" — the Central Bank reports. The regulator repeatedly applied to bank of a measure of supervising influence. According to data of the reporting, in size of assets as of August 1, 2018 the bank took the 349th place in a banking system of Russia. The credit institution, notes the Central Bank, "wasn't socially important and had no significant effect on cumulative indicators of the banking sector of the Karachay-Cherkess Republic".

URL:

Photo: Sergey Savostyanov/TASS the Minister of Economic Development Maxim Oreshkin on air of was tekanat by Russia-1 said that in the new building of the Ministry of Economic Development in "Moscow City" the portrait of the former minister Alexey Ulyukaev will appear. "For the present did not make. I think, he was a minister too, here it has to app...


Photo: Stanislav of Krasilnikov/TASS of the USA "slow down" work of the World Trade Organization (WTO), the Minister of Economic Development of the Russian Federation Maxim Oreshkin on air of Russia-1 TV channel said. "The USA most actively now acts on the international scene, destroying all those principles of work which developed the last years....


The UAE and Russia "on fields" the defensive IDEX-2019 exhibition in Abu Dhabi signed the contract for purchase of the anti-tank Kornet-E missile systems for the sum more than $40 million, RIA Novosti reports. "The bargain with the Russian company "Instrument Design Bureau" on acquisition of the Kornet-E complexes for the sum of 146.92 million UAE...


The UAE on fields of the defensive IDEX-2019 exhibition in Abu Dhabi concluded the bargain with the American company Raytheon about purchase of the antimissile Patriot complex for the sum more than $356 million, RIA Novosti reports. "For the first day of work of an exhibition armed forces signed the contract for delivery of a missile defense system...


Photo: TASS the Russian Gazprombank decided to freeze accounts of the Venezuelan state oil company PDVSA and also to suspend all related operations. Reuters with reference to a source in Gazprombank reports about it. "Accounts of PDVSA are frozen now. As you understand, operations cannot be executed" — quotes the agency of the interlocutor. Accordi...


The Kalashnikov Concern presented the self-exploding KYB unmanned aerial vehicle. Video was posted by Zvezda TV channel. The presentation took place at the international defensive IDEX-2019 exhibition in Abu Dhabi. As notes TV channel, the UAV already passed tests and is ready to application. The drone is capable to gather speed to 130 km/h. Its pa...