Tempbank

It is founded in 1989. One of the first Russian banks (license No. 55). JSC MAB Tempbank performed the activity in 8 territorial subjects of the Russian Federation through own network. Tempbank was universal bank, servicing both physical, and legal entities. The network of offices of bank contained 21 sales points in Moscow and the Moscow region (the cities Railway and Dmitrov), St. Petersburg, Togliatti, Samara, Oryol, Stavropol, Saratov, Kostroma, Nizhny Novgorod, Kazan, Astrakhan, Vladikavkaz and other cities of Russia.

The Bank of Russia since October 2, 2017 revoked a license for banking operations from the Moscow Tempbank. The Bank of Russia since April 5 assigned to Deposit Insurance Agency (DIA) of function of temporary administration on management of Tempbank for a period of six months and imposed the moratorium on meeting requirements of creditors of bank for a period of three months. Since July 5 the moratorium was prolonged for three months.

"The model of business of Tempbank was focused on service of interests of his owners. Crediting of borrowers, directly or indirectly related to final beneficiaries of credit institution and not performing real activity, led to education on balance of bank of considerable volume of troubled "idle" assets", says the regulator.

The decision on revocation of license is made in connection with non-execution by bank of requirements of the legislation and regulations of the Central Bank, value of all standards of sufficiency of own means (capital) it is lower than 2%, decrease in the size of own means below the minimum value of authorized capital.

At unsatisfactory quality of assets the Tempbank inadequately estimated the accepted risks. The management and owners of bank did not take the effective actions directed to normalization of its activity. In bank the temporary administration is appointed. The DIA to which functions of temporary administration on management of credit institution are assigned conducted examination of its financial position. Objective reflection of asset cost in the reporting of Tempbank which led to complete loss of its own means became a result of inspection.

According to DIA, financial improvement of bank is economically inexpedient in connection with extremely low quality of assets and a considerable imbalance between asset cost and obligations and also in view of inability of Tempbank to provide further execution of requirements of creditors.

The bank is a participant of deposit insurance system. According to data of the Central Bank, on the value of assets the Tempbank for September 1 took the 174th place in a banking system of the Russian Federation.