People bringing flowers to Russian Foreign Ministry in memory of late Ambassador ChurkinRussian Politics & Diplomacy February 20, 23:55
US envoy to UN pays tribute to Churkin’s ‘great skill’ in advocating Russia's positionWorld February 20, 23:29
Energy minister says Russia outpaces its February schedule of oil production cutBusiness & Economy February 20, 23:02
Russian UN envoy Vitaly Churkin’s death is big loss for Russia, premier saysRussian Politics & Diplomacy February 20, 22:52
Colleagues mourn Russia's ambassador to UN as 'diplomatic giant and wonderful character'World February 20, 21:58
Putin offers condolences over UN Ambassador Vitaly Churkin’s deathRussian Politics & Diplomacy February 20, 21:21
Russia’s Foreign Ministry lost outstanding diplomat — spokeswoman on UN envoy’s deathRussian Politics & Diplomacy February 20, 20:54
Russia's ambassador to UN Vitaly Churkin diesRussian Politics & Diplomacy February 20, 20:24
Antimonopoly service orders Apple to open official service center in Russia by May 1Business & Economy February 20, 20:18
The regulator said in a statement on Monday it had revoked banking licenses from the Moscow-based Zamoskvoretsky Bank and Digbank from Vladikavkaz, North Ossetia, for their highly risky credit policies and non-compliance with federal laws on banking operations.
As of June 1, 2014, Zamoskvoretsky Bank held the 438th place in the Russian banking system and Digbank ranked 500th.
Russian President Vladimir Putin earlier said in response to a journalists’ question that license revocations were intended to improve the country’s financial system and free it from financial institutions that could not fulfill their obligations to depositors and work efficiently and posed a risk to the entire banking system.
CBR head Elvira Nabiullina said that the effort to clean the banking sector of inefficient operators is not a temporary campaign and will continue, and that the country’s top bank does not have a blacklist of banking institutions.
“Over the past year, about 50 banks have quit the market. These were either banks of unsatisfactory financial standing or banks strongly involved in criminal money market servicing,” Nabiullina said.
The process when inefficient operators quit the market makes the banking system healthy and raises people’s confidence in the country’s financial system, she added.