The largest bank of the Moscow region lost the license

Central Bank of Russia has withdrawn from 18 April license to conduct banking operations in Sotsgorbank - outside Moscow's largest bank, registered in the Mytischi. This was reported on the website of the regulator. Central Bank has also appointed a temporary administration Sotsgorbank. In terms of assets Cotsgorbank occupies 138 th place in Russia. At the conclusion of the Central Bank, Sotsgorbank represented in the CB essentially false statements, concealing, including the grounds for the implementation of measures to prevent bankruptcy. The fact that Sotsgobanka problems became known in early March 2011. Then the Central Bank forbade him to attract deposits from the public. Media reported that the bank deposits of citizens are about 8 billion rubles. Sotsgorbank included in the state deposit insurance system, that is, its customers, in any event will receive compensation for deposits up to $ 700 thousand rubles.