The Bank of Russia has revoked as of October 23, 2015 a banking license held by Doris Bank (Registration No. 1679), the regulator's press service reported.
The Bank of Russia pointed out that the decision to apply the measure of last resort was taken due to the lending institution's failure to comply with the federal laws regulating banking activities and also CBR's statutory acts, because all its capital adequacy ratios fell below 2% and its equity declined below the minimum threshold set by CBR on the date of the lending institutions' state registration and taking into consideration the multiple application of the measures specified in the Federal Law "On the Central Bank of the Russian Federation (Bank of Russia)".
While holding poor quality assets, the bank inadequately assessed related risks. The proper assessment of the credit risk at the request of the supervisory body showed full loss of the bank's equity.
"The bank's executives and owners took no measures to normalize its activities. Under the circumstances, based on Article 20 of the Federal Law "On Banks and Banking Activity" the Bank of Russia fulfilled its obligation to revoke the lending institution's banking license," the Bank of Russia pointed out.
Doris Bank is a member of the national deposit insurance system.