15.11.2024, 10:29
The Central Bank of the Russian Federation revoked the license of the Corporate Finance Bank
Source: OREANDA-NEWS
OREANDA-NEWS The Bank of Russia has revoked the license for banking operations from the Corporate Finance Bank (BKF), the Central Bank said in a statement.
"Over a long period of time, the bank's activities were characterized by low asset quality, inefficient business model and chronic loss-making, which led to a decrease in the scale of operations and a reduction in capital. The Bank of Russia has repeatedly identified violations by the credit institution of regulatory requirements and restrictions on certain types of transactions introduced to protect the interests of creditors and depositors," the regulator said in a statement.
In addition, BKF Bank was involved in suspicious transactions by clients, mainly aimed at withdrawing funds abroad, and committed numerous violations in the field of AML/CFT, the Central Bank notes.
According to the bank's financial statements as of October 1, 2024, the insurance liability of the Deposit Insurance Agency (DIA) is tentatively estimated at 2.64 billion rubles. The DIA will begin payments no later than November 29, 2024. The Agency plans to accept applications from depositors of the bank in electronic form through its website or the portal "Public Services", as well as through agent banks. These banks will be selected on a competitive basis no later than November 20, 2024.
According to the latest published data, the ultimate beneficiary of the bank was the founder of the "Russian product" Olga Mirimskaya. In 2015, she was included in the list of the richest women in Russia according to Forbes Women magazine, taking 22nd place. Her fortune was then estimated at $100 million. Now she is accused in a criminal case for paying bribes to Moscow judges. The prosecutor requested 20 years in prison for her with a fine of 500 million rubles. Mirimskaya does not admit guilt and, as her lawyer stated, considers her criminal prosecution to be ordered. In particular, the defense believes that the investigation was "misled" by Mirimskaya's former spouses - former Yukos top manager Alexei Golubovich and co-owner of the Golden Crown payment system Nikolai Smirnov. Golubovich also had a stake in the BKF bank.
According to the results of the third quarter of 2024, the Corporate Finance Bank ranks 217th in terms of assets in the Interfax-100 ranking prepared by Interfax-CEA.
"Over a long period of time, the bank's activities were characterized by low asset quality, inefficient business model and chronic loss-making, which led to a decrease in the scale of operations and a reduction in capital. The Bank of Russia has repeatedly identified violations by the credit institution of regulatory requirements and restrictions on certain types of transactions introduced to protect the interests of creditors and depositors," the regulator said in a statement.
In addition, BKF Bank was involved in suspicious transactions by clients, mainly aimed at withdrawing funds abroad, and committed numerous violations in the field of AML/CFT, the Central Bank notes.
According to the bank's financial statements as of October 1, 2024, the insurance liability of the Deposit Insurance Agency (DIA) is tentatively estimated at 2.64 billion rubles. The DIA will begin payments no later than November 29, 2024. The Agency plans to accept applications from depositors of the bank in electronic form through its website or the portal "Public Services", as well as through agent banks. These banks will be selected on a competitive basis no later than November 20, 2024.
According to the latest published data, the ultimate beneficiary of the bank was the founder of the "Russian product" Olga Mirimskaya. In 2015, she was included in the list of the richest women in Russia according to Forbes Women magazine, taking 22nd place. Her fortune was then estimated at $100 million. Now she is accused in a criminal case for paying bribes to Moscow judges. The prosecutor requested 20 years in prison for her with a fine of 500 million rubles. Mirimskaya does not admit guilt and, as her lawyer stated, considers her criminal prosecution to be ordered. In particular, the defense believes that the investigation was "misled" by Mirimskaya's former spouses - former Yukos top manager Alexei Golubovich and co-owner of the Golden Crown payment system Nikolai Smirnov. Golubovich also had a stake in the BKF bank.
According to the results of the third quarter of 2024, the Corporate Finance Bank ranks 217th in terms of assets in the Interfax-100 ranking prepared by Interfax-CEA.
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