Russian banks continue to lose

Banks Finansy15-12-2010 Russia continues to lose Bank Central Bank of the Russian Federation on Tuesday revoked the licenses of two representatives of the banking sector's capital - "Empire" and Privatholdingbanka (Moscow), as well as from NGO Transhteyd (Makhachkala). Experts have called this process is the tendency of the banking sector. In the future, the number of credit institutions of the Russian Federation will decline to several hundred. The latest decision of the Central Bank to revoke the license of the Bank of Empire "for banking operations was due to the failure of the credit institution federal laws regulating banking activities, said the Department of External and Public Relations of the CBR. In connection with the loss of liquidity of the Bank of Empire "does not provide timely fulfillment of obligations to creditors. With this guide, and members of the credit institution does not have the impact of measures aimed at resolving the situation. In addition, the Bank conducted high-risk lending policies and prevent violations of the norm of mandatory reserves deposited with the Bank of Russia. Writes Finmarket, the bank was represented by the CBR essentially false statements and claims are not fulfilled the requirements of the supervisory authority. The license of this credit institution has been withdrawn from 14 December.