THE CENTRAL BANK OF RUSSIA REVOKED THE LICENSE OF TEMBR-BANK

Another credit institution of the Russian capital lost its banking license on October 2. Previously, the Central Bank sent messages to a commercial organization, demanding greater adequacy in the risks assessment. Apparently, the regulator's patience at this step is over.

Along with the main license, TEMBR-bank has now also lost the right to operate in the securities market. The regulator has clearly shown what happens if the real financial position is not reflected in the reporting.

Last year brought TEMBR-bank a profit of 17 million rubles. At the same time, the bank's liabilities amounted to 9.9 billion rubles, and the bank capital was 1.9 billion. The first half of 2020 brought the bank another 179 million rubles of profit (according to the Russian reporting standards). The bank's rating was assessed negatively last month.

The experts emphasized the weakness of its market position. It is noted that almost a third of assets were placed in the low-income property, and the bank's overdue debt on the retail loans was at the level of 17%.

Considering that the deposits in the bank were insured, the DIA has already informed the depositors about the payments, which are planned to be started no later than the on October 16. By the beginning of September, according to the preliminary estimates, the agency estimated the potential liability to depositors (about 8,300 persons) at 5 billion rubles.

In recent years, as noted in the message of the Central Bank of the Russian Federation, the bank has become involved in a corporate conflict.

Ranked 186 in terms of assets and 179 in the Interfax rating, the bank belonged to 20 shareholders, including both individuals and legal entities. Elena Dmitrievna Suchilina was the largest holder of the bank's shares with a share of 18.2%. Another major shareholder, Viktor Semenovich Karavdin, whose share previously amounted to more than 19%, died on March 29, 2014.

By now, the executive bodies have been removed from the management of the bank, their powers have been suspended. Until the appointment of a liquidator or bankruptcy commissioner, the employees of the temporary administration will work in TEMBR-bank. Experts note that about 36 credit institutions may have the same fate in the coming year, which is about 9.3% of the total market.