The Central Bank of Russia has withdrawn effective January 23, 2016 a license held by Talmenka-Bank (Registration No. 826, based in Barnaul), the regulator's press service reported.
The Bank of Russia decided to take the last-resort measure because the bank failed to fulfill federal banking laws and the regulator's statutory acts, violated many times during a year the requirements provided for in Articles 6 and 7 (except for Clause 3 of Article 7) of the Federal Law "On Preventing Legalization (Laundering) of Criminal Income and the Financing of Terrorist Acts", and also requirements of the Bank of Russia's statutory acts that were issued in accordance with the said federal law, the bank's capital adequacy ratios fell below 2%, capital decreased beneath the minimum charter capital as determined on the date of the bank's state registration, and taking into account the multiple use during the year of the measures stipulated in the Federal Law "On the Central Bank of the Russian Federation (Bank of Russia)".
"Owing to the execution of the supervisor body's demands to compile loan loss provisions that are adequate to the accepted risks the lending institution fully lost equity (capital). The bank did not comply with the requirements of laws or the Bank of Russia's statutory acts regarding measures to counteract legalization (laundering) of criminal income and the financing of terrorist acts as to timely provide the authorized body with reliable information, and also to identify its clients," the regulator said in a press release.
Talmenka-Bank is a member of the national deposit insurance system.
As Banki.ru previously wired, Talmenka-Bank was cut off the Banking Electronic Speedy Payment (BESP) system on January 19. Before this action the bank suspended operations with retail and corporate accounts.
