Company of retail lending
Russia
Central Federal District of the Russian Federation
Moscow
The Bank of Russia since July 11, 2014 revoked a license for banking operations from the Moscow bank "Company of Retail Lending". The regulator explained this solution with repeated violation within one year of the requirements provided by the federal law "About Counteraction of Legalization of Income Gained in the Criminal Way and to Terrorism Financing" report Izvestia.
According to the Central Bank, the bank pursued high risk credit policy and did not create reserves adequate to the accepted risks on possible losses on loan debt. On the value of assets for July 1 the Company of Retail Lending bank took the 275th place in a banking system of Russia.
| The site content is translated by machine translation software powered by PROMT. The machine-translated articles are not always perfect and may contain errors in vocabulary, syntax or grammar. Read original article If you find inaccuracies or errors in the results of machine translation, please write to editor@tadviser.ru. We will make every effort to correct them as soon as possible. |