Hero of CB
Company
"Due to the unsatisfactory quality of the assets which were not generating a sufficient cash flow, CB Vityaz — did not provide (Ltd company) timely obligation fulfillment before creditors. Besides, as a result of the carried-out asset revaluation the credit institution completely lost own means (capital)", says the Central Bank of the Russian Federation. On November 16, 2015 the Central Bank of Russia revoked a license for banking operations from credit institution Nosta (NST-Bank) from the Orenburg region and two Moscow banks — City and Vityaz.
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