Financial Standard

In 2014, the Expert RA rating agency (RAEX) assigned CB Financial Standard (LLC) a creditworthiness rating A "High level of creditworthiness," the third sublevel. The rating forecast is "stable."

In June 2016, the Central Bank revoked the license from the Moscow bank Financial Standard. The regulator decided to apply an extreme measure of influence to the "Financial Standard" in connection with the organization's failure to comply with federal laws and regulations of the Central Bank. The bank placed cash in low-quality assets and did not create reserves in relation to risks.

Due to unsatisfactory quality of assets that did not contribute to sufficient profit, the bank did not ensure timely fulfillment of obligations to creditors. The Central Bank also discovered a complete loss of capital, as well as the involvement of the Financial Standard in dubious transit operations.

History

2024: The court declared former first deputy chairman of the board Alim Khametov bankrupt due to debts of 9.1 billion rubles

On August 19, 2024, the Arbitration Court of the Republic of Dagestan declared Alim Khametov, the former first deputy chairman of the board of Financial Standard Bank, bankrupt. In relation to the man, a procedure has been introduced for the sale of his property. Read more here