© Alexander Shcherbak/TASS

MOSCOW, February 6. /TASS./ The Bank of Russia revoked from February 6, 2018 the license for banking operations in the Tyumen Siberian Bank of reconstruction and development (SBRR). According to the report of January 1, SBRR took the 322-nd place in the Russian banking system, the regulator reported .

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“The Bank of Russia informs about the accepted decision about the withdrawal from 6 February 2018 of the license for banking operations of credit organizations of the Siberian Bank of reconstruction and development of city Tyumen”, – stated in the message.

It is noted that a sharp deterioration in the financial position of the Bank associated with implementation at the end of January large trades in securities with the aim of replacing liquid assets with hopeless and loss from the cash of large amounts.

The Bank of Russia applied to the credit institution Supervisory response measures., including double-restricted, and once the ban on attracting deposits. The decision to revoke the license was taken because of non-performance by the Bank of laws, the values of capital adequacy ratios below 2%, decrease in the size of own means below the minimum value of the share capital, said the regulator.

In accordance with the order of the Central Bank of the Russian Federation in Tyumen the Bank appointed a temporary administration of the validity period until the appointment of a bankruptcy Trustee or liquidator. The powers of the Executive bodies of the credit institution are suspended.