The Central Bank of Russia has revoked banking licenses held by Ekaterinburg-based Plato-Bank (Registration No. 2071), Saint Petersburg-based Construction & Commercial Bank (Registration No. 3050) and Moscow-based Trust Capital Bank (Registration No. 2741), the Bank of Russia's press service reported on Wednesday.
As the regulator noted in a press release, the decision to revoke the licenses held by Plato-Bank and Trust Capital Bank was taken as the lending institutions failed to fulfill federal laws regulating banking activities and the Bank of Russia's statutory acts.
Furthermore, Trust Capital Bank pursued a high-risk lending policy and formed no loan loss provisions adequate to the accepted risks, and was also involved in suspicious operations on a large-scale basis.
In line with the regulator's data, Trust Capital Bank and Construction & Commercial Bank did not comply with the requirements of anti-money laundering laws, failing to timely and fully provide authorities with data on operations that are subject to mandatory control (Trust Capital Bank also failed to update identification data of its clients and their representatives).
Construction & Commercial Bank was also an intermediate link for large-scale suspicious operations carried out by its clients.
Meanwhile, as of January 1, 2015 Plato-Bank had its equity under Rub 300 mln and failed to apply to the Bank of Russia seeking permission to modify its corporate status to a non-banking lending institution.
Plato-Bank and Construction & Commercial Bank are members of the deposit insurance system. As the Deposit Insurance Agency (DIA) reported, settlements with the banks' deposit holders would begin no later than May 27.
