Central Bank revoked license of Probusinessbank
UFA, 12 August 2015. /Bashinform News Agency, Arthur Basyrov/.
The Central Bank revoked the license of Probusinessbank. The regulator said that the Probusinessbank conducted a high-risk policy related to the placement of funds in low-quality assets. As a result of reserves formation adequate to the taken risks the credit institution has completely lost its own funds.
"The decision was taken due to non-fulfillment by the credit organization of federal laws regulating banking activities, as well as the regulations of the Bank of Russia", it is said in the statement the Bank of Russia.
Simultaneously with the withdrawal of the Probusinessbank’s license the Bank of Russia approved a plan of Deposit Insurance Agency (DIA) participation in settling liabilities of the credit institution. It provides conducting by the Agency of competitive selection of the bank — acquirer of assets and liabilities of the Probusinessbank. One of the requirements for the selection participants will be ensuring of depositors service at the points of the bank presence (either in the same localities) no later than 14 days after the approval of the DIA participation plan in the settlement of Probusinessbank liabilities.
In addition, the Central Bank entrusted DIA with the interim administration of Probusinessbank.