3 new Russian banks declare bankruptcy By Roudao 42 minutes ago 10/9
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    3 new Russian banks declare bankruptcy By Roudao 42 minutes ago 10/9




    3 new Russian banks declare bankruptcy


    10-09-2015 By Roudao 42 minutes ago

    Roudao - Erbil

    Russia's central bank declared bankruptcy three banks at once, bringing the number of financial institutions that have been affected by the economic crisis in Russia, to more than fifty since the beginning of this year.

    Russian banking system and shaken vigorously, as a result of the collapse of the ruble at the end of 2014.

    The Russian government began before the financial crisis experienced by the Moscow process of "cleaning" in the banking sector, to get rid of the weak episodes, and the pace has accelerated in recent months.

    The Russian Central - in a statement - that he decided to withdraw the banking license to Bank "Anevstrast", 361 of assets seeded hand, Unified National Bank (622), for violating the rules of money laundering and doing suspicious transfers abroad.

    The Bank of Aspennek (433) did not have enough capital, because of a policy "to give risky loans" and conducting "suspicious".

    In addition to these three banks and 51 financial institutions lost their licenses since the beginning of 2015, which saw a contraction, as a result of falling oil prices and Western sanctions because of the crisis in Ukraine.

    And the collapse of the ruble weakened the capital of banks, which increased the value of its credit in foreign currency, while the money owed because of the accumulated deficit of institutions and individuals to repay their debts.


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    Last edited by RCookie-Legacy; 10-09-2015 at 08:47 PM.



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