The regulator's website informs that today, on July 10, the Central Bank revoked licenses from Moscow banks "Bank Premier Credit" and "Steel Bank", informs "FederalPress".

The Bank of Russia explained that the activity of Premier Credit is characterized by a low quality of assets, and a significant portion of the loan portfolio is loan borrowers. In addition, the bank constantly understated the amount of credit risk accepted. The Central Bank has repeatedly applied to it the measures of supervisory response. Premier Credit appoints temporary administration.

The press service of the regulator noted that the problems of "Steel Bank" arose in connection with the use of an extremely risky business model and, as a result, the low quality of a significant part of assets. At the same time, the bank did not adequately assess the loan portfolio. In the "Steel Bank" also appointed an interim administration.

Let's add that Bank Premier Credit held 369 place in the banking system of the Russian Federation, and "Steel Bank" - 527th place.