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Vyborg-bank

Company

The Bank of Russia revoked since September 7, 2016 a license for banking operations at Vyborg bank (The Leningrad Region, the city of Vyborg)

According to the Central Bank, Vyborg-bank pursued the high risk credit policy connected with placement of money in low-quality assets. As a result of execution by bank of requirements of supervisory authority for formation of the reserves adequate to the accepted risks, capital adequacy of bank decreased to critical values. Vyborg-bank is a participant of deposit insurance system. According to data of the reporting, on the value of assets the bank for August 1, 2016 took the 349th place in a banking system of the Russian Federation.