Central bank has returned to West "license

However, the credit institution from this better not become. For the first time in four years by the court returned the Central Bank revoked the license to a commercial bank "West". Permit was revoked on February 26 this year. The official reason was the absence of the bank's minimum capital, which was set to January 1, 2010 at 90 million rubles. "West" to add the missing funds to the lowest bracket in December 2009. Representatives of the main market regulator said in court that the necessary documents were provided by the bank after the deadline, so the Central Bank fixed the fact that lack of capital. The Moscow Arbitration Court sided with the bank's "West". CB's nothing left to do, how to return the revoked licenses. With decisions on capital adequacy and the central bank did not accept. Commercial establishment still can not work because the payments on correspondent accounts with the Central Bank did not occur. Thus, there is a situation where a bank has a legal right to conduct their activities, but de facto it can not produce. The reason is the following. After the "News" refused to register the capital increase, was removed from the accounts of investment, which was less than 90 million rubles. Now through to the required amount not credited. Once the required number of turns in the bank, the Central Bank have been registered capital and unlock the credit institution.