Date: 5 months ago   Category: Finance

The Central Bank has revoked the license from Uraltransbank — Rambler News Service


Photo: Donat of Sorokin/TASS the Bank of Russia since October 25 has revoked the license for banking operations from credit institution Uraltransbank, it is told in regulator materials. The bank is a participant of a deposit insurance system. "PJSC Uraltransbank used the universal business model connected with crediting of legal entities and individuals with attraction as the main source of funding of money of the population. At the same time the bank systematically underestimated the size of the accepted credit risk. Appropriate assessment of credit risk upon the demand of supervisory authority in 2017 has revealed essential decrease in the size of own means (capital) in bank, non-compliance with obligatory standards and, as a result, existence of the bases for implementation of measures for prevention of insolvency (bankruptcy)" — it is said in the press release of the Central Bank. According to the message, the management of Uraltransbank has developed own plan for improvement of a financial position of credit institution which has been approved by committee of bank supervision of the Central Bank in September of last year. However by the present moment the bank hasn't realized key actions of the plan, including hasn't attracted the potential investor and didn't come to planned targets of activity of the organization. In the regulator have noted that the Bank of Russia three times for the last year applied to credit institution of a measure of supervising reaction, including limiting attraction of money of citizens. To Uraltransbank the temporary administration until appointment of the receiver or appointment of the liquidator is appointed, have added in the press service of the regulator. According to data of the reporting, as of October 1, 2018 in size of assets Uraltransbank took the 196th place in a banking system of Russia.

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