The Central Bank revoked in August, 2015 the license from the Moscow bank "Evromet", it is said in the statement of the regulator.
"The bank pursued high risk credit policy, placing money in low-quality assets. Execution of requirements of supervisory authority about formation of the reserves adequate to the accepted risks led to complete loss of own means (capital) by credit institution. Besides, the Evromet bank from the second half of August, 2015 actually stopped service of the clients. The management and the owner of credit institution did not take effective measures on normalization of its activity", the statement says.
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