Gazstroybank

The Central Bank of the Russian Federation revoked the license from Gazstroybank. According to the Bank of Russia, it pursued high risk credit policy and broke federal laws. The Central Bank told that the bank did not perform the federal laws regulating banking activity and regulations of the Bank of Russia and also created real threat to the interests of creditors and investors. The Central Bank also claims that Gazstroybank pursued ​ high risk credit policy, placing money in low-quality assets. As a result the company had to undertake measures for bankruptcy warning.