Passenger plane crashes in CubaWorld April 29, 22:49
US anti-missile systems in Eastern Europe violate INF Treaty - Russian foreign ministryRussian Politics & Diplomacy April 29, 20:35
Moscow police say 250 people take part in protest rallyWorld April 29, 16:29
Abe plans to continue dialogue with Putin to solve global issuesWorld April 29, 14:50
Moscow is ready to cooperate with Washington on Syria — LavrovRussian Politics & Diplomacy April 29, 12:24
Diplomat calls US’ allegations about isolation of Russia in UN 'strange'Russian Politics & Diplomacy April 28, 20:58
Experts slam 'Russian hacking' hype as 'fake news' to feed US media's ratingsRussian Politics & Diplomacy April 28, 20:35
Ferrari drivers clock best time in Practice Two of Russia F1 GP in SochiSport April 28, 19:54
Red Bull’s advisor Marko says Kvyat to possibly remain with Toro Rosso next yearSport April 28, 19:16
MOSCOW, May 13. /ITAR-TASS/. The Central Bank of Russia (CBR) has revoked a license for banking transactions from Moscow Navigator Bank as of Tuesday, May 13 in a campaign to curb illegal banking activity of suspicious banks since the previous year, the regulator stated.
Navigator Bank which pursued a highly risky policy related with investments in low-quality assets is a member of the deposit insurance system.
Navigator Bank is ranked at the 284th place in Russian banking system in terms of the size of assets.
The CBR has revoked licences for financial transactions from 15 banks and lending organisations from January 2014 and 27 banks - in 2013.
The main regions for operation of banks stripped of their licences are Moscow and Moscow Region, North Caucasus region and Siberia. As many as 1,059 banks and crediting organisations have operated in Russia at the beginning of this year.