The Pak Banker - - FRONT PAGE -

The Bank of Rus­sia re­voked the li­cense of a top-100 len­der for the sec­ond time in three weeks, in­ten­si­fy­ing the in­dus­try's cleanup started un­der Gover­nor Elvira Nabi­ul­lina. Probusi­ness­bank, the coun­try's 51st-largest by as­sets, lost its li­cense for vi­o­lat­ing laws on bank­ing ac­tiv­ity, the reg­u­la­tor said in a state­ment on its web­site Wed­nes­day. The len­der's cap­i­tal ad­e­quacy ra­tio fell be­low the min­i­mum re­quire­ment of 2 per­cent of risk-weighted as­sets, ac­cord­ing to the cen­tral bank. Nabi­ul­lina is es­ca­lat­ing her bat­tle with banks deemed mis­man­aged or un­der-cap­i­tal­ized as part of her cam­paign to clamp down on du­bi­ous cap­i­tal trans­ac­tions and im­prove lend­ing prac­tices. The reg­u­la­tor pulled the li­censes of 13 banks last month, in­clud­ing the coun­try's 45th-largest len­der, the high­est to­tal since Nabi­ul­lina took of­fice in 2013.

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