Russian banks are losing the confidence of investors

Banks Finansy06-10-2010, Russian banks are losing the confidence of investors Bank of Russia has revoked the license of one of the largest banks in the country "Mezhprombank, controlled by the senator Sergey Pugachev. And now, as told Bigness.ru analyst Investkafe Anton Safonov, the Russian banking system may lose the confidence of foreign investors. As informs department external and public relations of Bank of Russia, a license to conduct banking transactions from the credit institution revoked in connection with the failure of federal laws regulating banking activities, and regulations of the Bank of Russia. In connection with the loss of liquidity ZAO International Industrial Bank has not ensured the timely implementation of obligations to creditors. In addition, the credit organization conducted high-risk lending policies and create adequate provisions for possible loan losses. The bank was represented in the Bank of Russia is essentially false statements and claims are not fulfilled the requirements of the supervisory authority.