The Central Bank revoked the license from Runa-Bank

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AK&M 23 July 2021 10:42

The Central Bank has revoked the license for banking operations from Runa-Bank (Moscow). In terms of assets, the credit institution ranked 308th in the banking system, the regulator said in a statement.

The business model implemented by Runa-Bank demonstrated low efficiency, since 2019 the bank has been unprofitable. The reflection of real credit risks in accordance with the requirements of the Central Bank led to a violation of the mandatory standard.

The Bank operated under the conditions of a corporate conflict. The activity of the credit institution was characterized by involvement in conducting non-transparent e-commerce operations, the regulator emphasizes.

A temporary administration of the Central Bank has been appointed to the bank. The powers of the executive bodies of the credit institution have been suspended. Runa-Bank is a member of the deposit insurance system.