Centercombank

Centercombank LLC — for March, 2015 capital bank, rather small on value of assets, which business interests are concentrated in Ufa and the Moscow region. The credit institution is focused on crediting of corporate clients, attraction of financial resources of citizens in deposits. The main sources of funding are equity and means of individuals. The key share of ownership of bank belongs to top management.

History

1994: Foundation of bank

The Central commercial bank limited liability company (Centercombank LLC) is founded on July 19, 1994. From the moment of the basis the Bank is a member of the Association of Russian Banks, Moscow Interbank Currency Exchange.

At the beginning of the activity the Bank was focused on work with the regional enterprises.

On August 15, 2000 the Centercombank obtained license for banking operations No. 2983.

2004

System implementation "VA Bank ST"

In June, 2004 implementation of a new banking system "VA Bank ST" is performed. This system is successfully applied more than in 70 banks of the Russian Federation and the CIS countries.

Moving to own building to Zamoskvorechye

In October, 2004. The bank moved to own building located at the address: 115054, Moscow, 3rd Monetchikovsky Lane, 11, building 1.

In February, 2005. The bank opened branch in Ufa of the Republic of Bashkortostan;

On March 14, 2005 the "Deposit Insurance Agency" State corporation Centercombank LLC included in the register of participating banks of a system of compulsory deposit insurance at number 775;

In April, 2005. The bank became the participant of the international settlement system of the credit cards Master Card International;

On February 13, 2006 authorized capital of Bank in the amount of 3 495 140 900 (three billion four hundred ninety five million hundred forty thousand nine hundred) rubles is registered;

In May, 2006. The bank opened Additional office in Ufa of the Republic of Bashkortostan;

In July, 2007. The bank opened Additional office in Moscow.

In August, 2007. The bank opened Operational cash desk out of point of sale in Moscow

On August 30, 2007 the Centercombank obtained license for banking operations No. 2983.

On December 1, 2008 the Central Bank of the Russian Federation granted to Centercombank of LLC General license No. 2983 of November 26, 2008. The general license is granted to the banks having licenses for implementation of all banking activities with means in rubles and foreign currency and executing the requirements to the size of own means (capital) set by regulations of the Central Bank of the Russian Federation. Its existence gives to banks additional opportunities, including, to create own divisions in the territory of the foreign states.

The fact of receiving Centercombank LLC of the General license speaks about trust from the state to activity of Centercombank LLC. The general license is the evidence of reliable and successful work of Centercombank LLC. Obtaining the General license in the conditions of financial crisis demonstrates that the situation in Centercombank LLC continued to remain stable, and the Centercombank perfectly fulfilled all the obligations and controlled financial performance.

2016: Revocation of license

The Centercombank is a participant of deposit insurance system. According to data of the reporting, on the value of assets he for September 1, 2016 took the 206th place in a banking system of the Russian Federation. According to the reporting as of the beginning of August, 2016, volume of the deposits attracted from the population in bank made 7.1 billion rubles.

According to the Central Bank, the Centercombank pursued the high risk credit policy connected with placement of money in low-quality assets. As a result of formation upon the demand of supervisory authority of reserves on possible losses, adequate to the accepted risks, in activity of credit institution there were bases for implementation of measures for warning of insolvency (bankruptcy).

Besides, the bank did not observe the requirement of the legislation and regulations of the Bank of Russia in the field of counteraction of legalization (washing) of income gained in the criminal way and to financing of terrorism regarding high-quality submission to authorized body of information on the transactions which are subject to mandatory control. At the same time the credit institution was involved in carrying out doubtful transit transactions.

According to the order of the Bank of Russia in Centercombank the temporary administration valid up to the moment of appointment of the receiver or the liquidator is appointed. Powers of executive bodies of credit institution are suspended.