The Central Bank revoked the license of the Bank “Prime Finance” and “Interaction”

ЦБ отозвал лицензии у банков «Прайм Финанс» и «Взаимодействие»

Two Russian banks have lost their licenses. On 6 June, the Central Bank announced the revocation of licenses of financial institutions “Prime Finance” from St. Petersburg and “Interaction” Novosibirsk, according to “Moscow 24”. First in terms of assets held 361-th place in the Russian banking system, and the second – 444-E.

In a press release, the Central Bank explained that the Bank “Engagement” did not timely fulfill obligations to creditors and depositors, and to overstate the value of the property “in order to improve financial performance and conceal their real financial position.”

“Prime Finance” systematically violated Russian law in the sphere of banking and revealed that the Central Bank, lost its money due to the lack of 268 million roubles.

“MIR 24” reminds that on April 26, the Central Bank revoked the license of the suburban Goldinvestment. The Bank violated regulations of the Central Bank, providing incomplete information, and also held the dubious transit operations and understated the amount necessary to the formation of reserves for possible losses.