The Bank of Russia cancelled a banking licensee held by Moscow-based Stroyindbank, the lending institution’s press service reported.
It’s noteworthy that the bank is not a member of the deposit insurance system.
Stroyindbank was founded by construction material producers and operated in Russia since 1989.
Information on the lending institution looks extremely obsolete on the bank’s official website. For instance, based on the website’s data, the bank’s head office is located at the Bolshaya Kommunisticheskaya St., which was renamed the Alexander Solzhinitsin St. in 2008, while the city telephone code of Moscow is shown as 095 instead of the modern 495, and, furthermore, data on the bank’s assets are specified for 1998, and the website itself looks like something created in the 1990s.
In line with the Bank of Russia’s data, the banking license was cancelled as the lending institution failed to comply with federal banking laws and also CBR statutory acts, numerously breached during the year requirements provided for by Article 7 of the Federal Law “On Counteracting Legalization (Laundering) of Crime Income and Financing of Terrorist Acts”.
