On revocation of banking licence from Talmenka Bank and appointment of provisional administration
By its Order No. OD-106, dated 23 January 2017, the Bank of Russia revoked the banking licence from the Barnaul-based credit institution COMMERCIAL BANK Talmenka Bank, LIMITED LIABILITY COMPANY, or CB Talmenka Bank LLC (Registration No. 826) from 23 January 2017.
The Bank of Russia took such an extreme measure — revocation of the banking licence — because of the credit institution’s failure to comply with federal banking laws and Bank of Russia regulations, repeated violations within a year of the requirements of Articles 6 and 7 (except for Clause 3 of Article 7) of the Federal Law ‘On Countering the Legalisation (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism’, and the related Bank of Russia regulations, capital adequacy below 2%, decrease in equity capital below the minimal amount of the authoruised capital established as of the date of the state registration of the credit institution, and given the repeated application over a year of supervisory measures envisaged by the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’.
As a result of meeting the supervisor’s requirements on creating provisions adequate to the risks assumed, the credit institution lost its equity capital. The bank failed to comply with the legislation and Bank of Russia regulations on anti-money laundering and the financing of terrorism in terms of reliable and timely reporting to the authorised body and customer identification.
The management and owners of CB Talmenka Bank LLC did not take measures to bring its activities back to normal. In these circumstances, pursuant to Article 20 of the Federal Law ‘On Banks and Banking Activities’, the Bank of Russia revoked the banking licence from the credit institution.
By its Order No. OD-107, dated 23 January 2017, the Bank of Russia has appointed a provisional administration to CB Talmenka Bank LLC for the period until the appointment of a receiver pursuant to the Federal Law ‘On Insolvency (Bankruptcy)’ or a liquidator under Article 23.1 of the Federal Law ‘On Banks and Banking Activities’. In accordance with federal laws, the powers of the credit institution’s executive bodies are suspended.
CB Talmenka Bank LLC is a member of the deposit insurance system. The revocation of banking licence is an insured event envisaged by Federal Law No.
According to the financial statements, as of 1 January 2017, CB Talmenka Bank LLC ranked 425th by assets in the Russian banking system.
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