Bank of trade financing

The main activity of bank - trade financing: range of service of foreign economic activity of clients, Russian and foreign firms: export and preexport financing, financing of import, documentary operations. The bank rendered financial services in the field of corporate banking and develops the retail direction of business.

The Bank of Russia since September 28, 2018 revoked the license for implementation of banking activity from Moscow "Bank of trade financing". Reported about it in the press service of the Central Bank.  According to data of the reporting, on  the value of assets for September 1, 2018 the credit institution took the 292nd place in  a banking system of the Russian Federation.

"The business model   of JSC CB BTF  was substantially focused on  service of interests of its shareholders and  connected persons. The loan debt of the companies, directly or indirectly related to  final beneficiaries of credit institution, was  about 45% of  the loan portfolio" — noted in the Central Bank.

Crediting of these borrowers led to  education on  balance of bank of considerable volume of dormant assets, including the real estate considered at  the overstated cost. Besides, the bank systematically carried out the transactions, opaque to supervisory authority, directed to  concealment of actual volume of the accepted credit risks and  ensuring formal observance of prudential regulations of activity.

The Bank of Russia for the last 12 months six times entered concerning BTF of a measure of supervising influence and as a result decided to revoke the license from it.