The Bank of Russia has revoked the license to carry out banking operations from the Mordovian “Aktiv Bank”, the press service of the regulator said.
The Central Bank made such a decision for a number of reasons. It is noted that the credit institution underestimated the amount of required reserves for possible losses on loan and equivalent debt. At the same time, problem loans made up a “significant part” of this bank’s portfolio.
In addition, “Aktiv Bank” carried out operations aimed at artificially maintaining the amount of capital. Thus, he inflated the value of disposable property and concealed his real financial position.
Finally, the credit institution has repeatedly violated the law in the field of combating the legalization (laundering) of proceeds from crime and the financing of terrorism. The Central Bank noted that several times over the past year they took appropriate measures in relation to the “Active Bank”, including limiting the possibility of carrying out certain types of operations for it.
Also, the Central Bank canceled the bank’s license to carry out professional activities in the securities market. The regulator noted that Aktiv Bank is a member of the deposit insurance system.
The bank was established on the basis of the Mordovian branch of the Finist Bank joint-stock commercial bank in 1993. It was aimed at servicing small and medium-sized businesses, but also providing services to the population. According to the Central Bank, the largest share in more than 20% of Aktiv Bank belongs to Alexander Merkushkin, the brother of the ex-head of Mordovia and the former governor of the Samara region, Nikolai Merkushkin. Almost 18% are owned by the Fund of the Republic “Sozidanie”, and 14.5% – by “Agrofirma” Oktyabrskaya “. The rest is distributed in unequal shares of less than 10% between 13 more shareholders and minority shareholders.
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