The Central Bank deprived Rosenergobank license

Since April 10, the Bank of Russia withdrew a license from the Moscow Rosenergobank. Thiswas reported in the press release of the regulator. In addition, the Central Bank appointed a temporary administration in a financial institution.

As explained in the Central Bank, Rosenergobank could not fulfill his obligations to creditors, and also provided the regulator with inaccurate reporting. In addition, the bank used an extremely risky business model and ineffectively controlled assets.

“The bank’s activities traced signs of the unscrupulous behavior of the leadership and owners expressed in the withdrawal of assets (first of all, by issuing loans to legal entities, in respect of which circumstances testifying to the absence of real activities were established),” the release of the Central Bank said.

According to Interfax , Rosenergobank in 2016 took 88th place in terms of assets among Russian financial organizations. The Central Bank indicates that on March 1, the bank took 92nd place in the financial system of the Russian Federation.

Rosenergobank is a participant in deposit insurance. According to the bank's reports, the population stores about 36.5 billion rubles in it. The assets of Rosenergobank itself on March 1 amounted to 58.7 billion rubles.

At the end of March it was reported that Rosenergobank entered a preliminary record for the issuance of deposits for a period of three to five days. Then the sources of Banku.ru reported that the Central Bank turned off the bank from the system of electronic fixed payments.