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MOSCOW, October 9. /TASS/. The Central Bank of Russia (CBR) has revoked licenses for banking operations from three regional commercial banks, namely Moscow’s Universal Credit, Rostov-on-Don’s Doninvest and Moscow's Narodny Credit, the monetary regulator said.
The decision was taken due to banks’ violation of CBR’s regulatory acts and a high-risk monetary policy.
Sixty-three banking structures were stripped of the right for financial services in Russia this year. So, their total number went down to 868. Thirty-two banks were deprived of licenses in 2013. CBR chief Elvira Nabiullina said earlier the decision to revoke a license was “a measure of last resort” taken when "other ways of influence a bank are exhausted."