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The Bank of Russia revoked the license of Moscow Aymanibank, ranking among the 150 Russian banks. In mid-October, the Bank’s shareholders were going to consider its elimination, but the regulator decided to revoke the license in connection with the loss of the capital
The Bank of Russia on October 5 revoked the license for banking operations of the Moscow Imagebank, reported Wednesday on the website of the regulator.
Financial institution, the adequacy of own funds was below 2%, and own capital was below the minimum share capital, said the Central Bank. According to the regulator, Aymanibank placed money in assets of poor quality and inadequately assessed in connection with these risks. Dosoznanie reserves in the necessary amount has led to total loss of the capital, said the Central Bank.
The Bank appointed a temporary administration until the appointment of a bankruptcy Trustee or liquidator. The powers of the Executive bodies of the Bank suspended.
Aymanibank — the participant of system of insurance of contributions. As reported by the Agency on insurance of contributions (ASV), payments to depositors will begin no later than October 19.
As of 1 September 2016, Aymanibank took the 150-th place in the Russian banking system by total assets. The Bank has specialized in providing natural persons deposits and issuing loans. Main source of funding was the means of individuals — 80% (21.8 billion rubles), funds of enterprises accounted for 2.1 percent (580 million roubles).
Aymanibank was under the control of the shareholders of Finprombank. This credit took the 95-th place among Russian banks in terms of assets. The number of minority Finprombank with a share of 8.4% consisted of businessman Musa Bazhaev, whose fortune Forbes estimates at $0.5 billion Bazhayev supported the Bank with money: from December 2015 to February 2016 he invested in the capital of the Bank is 6.5 billion rubles., in early June, added another 5.8 billion rubles, wrote “Vedomosti”. The edition with reference to one of the contractors Finprombank reported that Bazhaev was preparing to sanitize the pot, as his structures were placed in it heavily.
In mid-September, the shareholders of Finprombank thinking about how to ask the Bank to cancel or revoke the license of the Bank. The vote on this issue was scheduled for October 14, but on the 19th of September, the Central Bank deprived of the license Finprombank due to the inability of the Bank to satisfy the claims of creditors.
On the same day Aymanibank ceased to accept deposits. In the call center of the Bank is explained in the technical upgrade of the system. On September 21 it became known that shareholders expect Imagebank to consider its elimination. In materials of the credit organization explained that the extraordinary meeting will be held October 19. On 22 September, the Central Bank turned off Aymanibank from its payment system.
Monday, 3 October, the Central Bank announced about the changes in the Supervisory unit. On October 17, banking regulation and supervision will be engaged by the first Deputy Chairman of the Central Bank Dmitry Tulin. Still he was responsible for monetary policy, but on October 17 they will be transferred to the jurisdiction of the Chairman of the Bank of Russia Elvira Nabiullina. The first Deputy Chairman of the Central Bank Alexey Simanovsky will move to the post of adviser to Nabiullina, and Deputy Chairman Mikhail Sukhov will leave the Bank of Russia.