The Central Bank revoked the license on May 5 at the "International Trade and Industrial Bank (Tver) and appointed him a temporary administration. This was reported by the Department of External and Public Relations of the CBR. The decision to revoke the license was made in connection with violation of International Trade and Industrial Bank of federal laws regulating banking activities, and regulations of the Bank of Russia, as well as capital adequacy below 2%, decline in the equity (capital) is below the minimum value set by the Bank of Russia the date of state registration of credit organizations. It also reported that a credit institution be recorded virtually no securities that following execution of the requirements the requirements of the Bank of Russia on accurate valuation of assets and the establishment of adequate reserves for potential losses led to a complete loss of the bank's own funds (capital). International Commercial and Industrial Bank - the participant of the deposit insurance system. A credit institution was established in 1990. According to the ranking of the "Interfax-100" in the first quarter of 2011 the bank took 893rd place on assets (270,077 rubles). And the 773rd of equity capital (169,802 rubles).. Deposits of individuals in the bank do not exceed 25 thousand rubles.
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