Tula Industrialist of joint stock bank

The Tula Industrialist bank according to the results of the first half of the year 2015 took the 421st place by the amount of assets and in the ranking Interfax-100 prepared by Interfax-CEA.

History

2015: Introduction of the interim administration and revocation of license

On July 23, 2015 information for natural persons and entrepreneurs of credit institution that the Bank of Russia imposed a temporary ban on commission of a number of account transactions of clients in rubles and foreign currency, opened till July 23, 2015 was posted on the website of Tula Industrialist bank. In particular prohibition extends to attraction in deposits of money of natural persons (poste restante and for a certain term) and on transfer of additional money in deposits (into accounts). Besides, the bank will not perform opening of new bank accounts to specified persons within six months.

As noted in the message of the Central Bank, basic functions of temporary administration is carrying out inspection of credit institution, taking measures to ensuring safety of its property and documentation, establishment of existence of the bases for revocation of license on banking operations. The bank continues to work according to the granted license now. The bank is a participant of deposit insurance system.

It became known later that the Bank of Russia revoked the license for implementation of transactions from Tula Industrialist bank, says the Central Bank. The license is revoked since July 27, 2015.

The Central Bank in the press release explains that the Tula bank pursued the high risk policy connected with placement of money in low-quality assets.

"As a result of formation of the reserves adequate to the accepted risks, the credit institution completely lost own means", the report says.

According to the regulator, in view of low-quality assets of credit institution implementation of the procedure of financial improvement with involvement of DIA Group on reasonable economic conditions was not represented possible.

At the time of revocation of license the Bank is a participant of deposit insurance system.