Vyborg-bank
Company
Financial services, investments and audit
Russia
Northwestern Federal District of the Russian Federation
Vyborg
Russia
Northwestern Federal District of the Russian Federation
Vyborg
The Bank of Russia revoked since September 7, 2016 a license for banking operations at Vyborg bank (The Leningrad Region, the city of Vyborg)
According to the Central Bank, Vyborg-bank pursued the high risk credit policy connected with placement of money in low-quality assets. As a result of execution by bank of requirements of supervisory authority for formation of the reserves adequate to the accepted risks, capital adequacy of bank decreased to critical values. Vyborg-bank is a participant of deposit insurance system. According to data of the reporting, on the value of assets the bank for August 1, 2016 took the 349th place in a banking system of the Russian Federation.