Bum-Bank

Company

Financial services, investments and audit
Russia
North Caucasian Federal District of the Russian Federation
Nalchik

The Bank of Russia since June 1 of the 0218th year revoked the license at the Boom Bank from Nalchik. It is said in the statement of the regulator. Bum-Bank used the risky business model focused mainly on crediting of natural persons that "led to formation on balance of considerable volume of assets of doubtful quality. At the same time the basis of resource base of credit institution was formed by the money raised from the population".

The credit institution also violated the "anti-money laundering" law. In the second half of the year 2017 the bank was actively involved in carrying out doubtful transit transactions.

Earlier the Central Bank repeatedly applied to bank of a measure of supervising reaction, including once introduced restriction for acceptance of deposits of the population.

According to the Bank of Russia, for May 1, 2018, the credit institution took the 380th place in a banking system of the Russian Federation. The bank was a participant of deposit insurance system.

Источник — «https://tadviser.com/index.php/Company:Bum-Bank»

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