New terms of bank licenses withdrawal

Amount of creditor`s claim is defined without reference to minimum wage. In case of claim`s nonfulfillment the Central Bank of the RF is obliged to revoke license of a credit institution.

According to the amendments, made by the Federal Law as of May 29, 2019 №105-FL to the Articles 11.1 and 20 of the FL «On Banks and Banking Activities» and to the Article 189.64 of the FL «On Bankruptcy», the Central Bank is obliged to revoke license on banking operations, in case a credit institution is unable to meet creditor`s claim on monetary obligations or perform obligatory payments during 14 days since the date of approval or execution. These claims must collectively amount to not less than thousand fold of minimum wage, regulated by the federal legislation. Currently such claims are defined by the law in an amount of at least 100 000 RUB.

The same demands are applied to the bankruptcy claims to the Arbitration Court. Bankruptcy proceeding is initiating if total amount of claims to the bank is not less than thousand fold of minimum wage, and claims amount is also defined as 100 000 RUB.

Subscribers of the Information and Analytical system Globas can learn about activities of all banking, non-banking credit institutions and its branches with active licenses. Besides, information about all credit institutions and its branches with withdrawn licenses is also available. More than 6 700 banks are presented in Globas, including data about 862 active banks, and archival data and about 150 thousand organizations, regulated by the Central Bank of the RF.