The Central Bank of Russia since February 5, 2016 revoked a license for banking operations from the Moscow Regnum-bank. The decision on revocation of license is made by the Central Bank in connection with non-execution by credit institution of the federal laws regulating banking activity and also regulations of the Bank of Russia, establishment of the facts of essential unauthenticity of reporting data.
"The credit institution pursued the high risk credit policy connected with placement of money in low-quality assets. Adequate assessment of the accepted risks and reliable reflection of asset cost of bank leads to complete loss of its own means (capital)", said in the press release of the regulator.
The bank is a participant of deposit insurance system. According to data of the Central Bank, on the value of assets of Regnum-bank for January 1, 2016 took the 586th place in a banking system of Russia.
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