In Vostokbiznesbanka revoked the license

Bank of Russia April 14, 2011 revoked the license for banking operations in Vladivostok LLC Commercial Bank Vostokbiznesbank (KB VBB). This was reported by the Department of External and Public Relations of the CBR. License revoked in connection with non-credit organization of the legislation. VBB is a deposit insurance system. "The license to conduct banking operations revoked for failure CB" VBB "federal laws regulating banking activities, and regulations of the Bank of Russia, establishing the facts essential unreliability of the accounting data, capital adequacy is below 2%, decrease in size of the equity (capital) is lower minimum value set by the Bank of Russia on the date of state registration of credit organizations, as well as taking into account the repeated within one year of the measures imposed by federal law "On Central Bank (Bank of Russia)," - said in a statement the central bank. Change of participants and managers of the bank, according to a press release accompanying the adoption of accounting is actually missing securities. In this case, the credit institution represented in the CB essentially false statements, failed to play the full requirements of the regulator of the correct assessment of its assets and the establishment of adequate reserves for potential losses. LLC CB "Vostokbiznesbank" is registered in the Central Bank on Jan. 15, 1991. The first ten years the Bank has developed as an independent regional bank focused on servicing businesses and organizations of the Far Eastern Railway. In December 2000, VBB entered the banking group JSC TransCreditBank, the site says the credit institution.