Another three banks lost their licenses

Today revoked the banking license of Bank "Electronics", CB "Capital Loan", "CB" Borovitskie gate. " Of them were banks in the DIA "Electronics" and "Capital Credit. They had licenses revoked due in connection with the capital adequacy below 2 percent and the inability of the credit institution to satisfy the claims of creditors on monetary obligations, - informs Department external and public relations of Bank of Russia on the State Corporation "Deposit Insurance Agency was assigned the function of an interim administration manage a credit institution. Conducted an interim analysis of the financial administration of the state Bank "Electronics" JSC, as well as eliminating the unreliability of the reporting data submitted by the former management of the bank, showed the impossibility of restoring the solvency of the bank and the lack of investor interest in its redevelopment, indicates the Bank of Russia. In the period until 31 December 2011 "liabilities Bank" Electronics "JSC to individuals under contracts of bank deposit and bank account in full from 29.11.2008 passed Joint Stock Commercial Bank" National Reserve Bank. "Bank Capital, Credit, says Bank Russia, conducted a risky lending policies that led to the loss of capital and liquidity, as well as the inability to timely meet its obligations to depositors. The bank was represented by the Bank of Russia inaccurate reporting. KB Borovitskie Gates also conducted high-risk lending policies and does not constitute adequate reserves for possible losses. In addition, the credit organization fulfills the requirements of Bank of Russia regulations.