Putin decorates commandoes for two-day face-to-face clash with militants in SyriaRussian Politics & Diplomacy May 24, 18:31
Experts say rising military spending to push Europe to reconsider NATO’s roleRussian Politics & Diplomacy May 24, 17:56
Poll shows 25% of Russians expect headway in ties with France during Macron’s presidencySociety & Culture May 24, 17:33
Former Finnish PM points to signs of improvement in Russia-West relationsWorld May 24, 17:20
Russia's legendary Su-27 jet fighter marks the 40th anniversary of its first flightMilitary & Defense May 24, 17:19
Russian lawmaker comments on US decision to end military subsidies to UkraineRussian Politics & Diplomacy May 24, 16:30
Nine Russian missile regiments rearmed with advanced ICBM systemsMilitary & Defense May 24, 16:01
Perm session completes cycle of regional offsite events in run-up to SPIEF 2017Press Releases May 24, 15:38
Ka-52 helicopters to have advanced weapon targeting systemMilitary & Defense May 24, 15:09
MOSCOW, March 18. /ITAR-TASS/. The Central Bank of Russia (CBR) has revoked a license for banking transactions from Moscow commercial bank Stroycredit, a member of deposit insurance system, the financial regulator stated on Tuesday.
The CBR has taken the decision over failure of the lending organization to fulfil federal laws regulating banking activity and CBR’s regulatory acts and exposing of false accounting information.
According to CBR’s probe, commercial bank Stroycredit has pursued a highly risky crediting policy and has not formed reserves adequate to its risks against possible losses due to credit indebtedness and other assets. The lending organization has made massive contributions in unit investment fund which were being kept account of at the much more overstated price. Meanwhile, Stroycredit did not fulfil requirements in the instructions of the supervisory agency to reflect real financial situation in accounting documentation. In this regard, the bank’s accounting documentation produced in the CBR was found false.
Chief executives and owners of the crediting organization did not take efficient measures to improve its activity.
Provisional administration was appointed in commercial bank Stroycredit until a receiver is named. Powers of executive authorities of the lending organization were suspended according to federal laws.
As for amount of assets, commercial bank Stroycredit is ranked 180th in Russian banking system since March 1, 2014.