The Czech national Bank (CNB) on Monday announced the recall of the license of the “European-Russian Bank” (ERB), reports RBC. The reason for the revocation of licenses were serious shortcomings in the management of credit risk and liquidity risk, threatening the stability of the Bank should be the message of the Czech regulator.
The CNB stressed that ERB had not appropriately functioning system of counteraction to legalization of proceeds of crime by means, financing of terrorism and adhering to international sanctions.
Earlier, in March of this year, the CNB has restricted the activities of who / Europe, forbidding him to provide loans and to purchase other assets, except those that have zero risk, and certain assets “necessary for normal functioning Bank”.
The CNB at the time, became the first Bank with private Russian capital, received a new banking license in the European Union, which allows a wide range of banking operations, as well as in the notification procedure to open branches in any EU country.
The largest shareholder of the ERB is Chairman of the Bank, Roman Popov, who at that time belonged to 92.71% of the share capital of the Bank. More of 7.29% of the shares owned by the Russian “pcrb Bank” (earlier – “First Czech-Russian Bank”), the sole owner and Chairman of the Board of which were priests.
“First Czech-Russian Bank” was founded in 1996 to service foreign trade turnover and investment projects of the Russian Federation and the Czech Republic and to provide banking services to the participants of the Russian-Czech foreign economic relations.
Later, the Bank came under the control of Russian company “Stroytransgaz”, controlled by Putin’s friend Gennady Timchenko. Now pcrb, according to the newspaper “Vedomosti”, 100% owned by the former Manager of “Stroytransgaz” businessman Roman Popov.
1 July 2016 “pcrb Bank” lost its license. September 15, the Moscow Arbitration court recognized pcrb bankrupt.
In 2014, it became known that pcrb on the background of worsening relations between Russia and the West over the Ukrainian crisis gave the far-right party “national front” marine Le Pen a loan for 9 million euros.
Le Pen, advocating for reducing the flow of refugees and to put it under strict control, then it said that French and European banks refuse to Finance her party.
In February of this year, Le Pen announced intention to re-take a loan from the Russian Bank in the amount of 27 million euros, this should occur after the decision of Le Pen in the presidential election in 2017.