Hint mode is switched on Switch off

Find Any Data on Any Bond in Just One Click

Full data on over 500,000 bonds and stocks worldwide

Powerful bond screener

Ratings from the top 3 global ratings agencies, plus over 70 local ones

Over 300 pricing sources from the OTC market and world stock exchanges

User-friendly and intuitive across multiple platforms

Get access

Central Bank revokes license of nonperforming bank

August 12, 2015 TASS
he Bank of Russia made a decision to recall the banking license of Moscow-based Probusinessbank from August 12, the regulator said on Wednesday.

Russia’s Deposit Insurance Agency is vested with temporary administration functions, the Bank of Russia said.

The bank pursued a risky policy related to investment of funds into poor quality assets. The credit institution fully lost its equity as a result of forming provisions appropriate for undertaken risks, the Central Bank said. The management and owners of the credit institution failed to undertake effective measures to normalize operations of the bank.

The Bank of Russia simultaneously approved the plan of the Deposit Insurance Agency on participation in settlement of bank’s liabilities, including the competitive selection of a bank to acquire a portion of property and liabilities of Probusinessbank.
Company — Probusinessbank
  • Full name
  • Registration country
  • Industry