The Bank of Russia has revoked the banking license of BANK NEYVA LLC (Yekaterinburg). The credit institution ranked 188th in the Russian banking system in terms of asset size, the regulator informed.
Bank NEYVA performed dubious large-volume cash foreign currency sale transactions with individuals, the Central Bank notes.
The Bank of Russia also cancelled Bank NEYVA's professional securities market participant license.
The powers of the credit institution's executive bodies have been suspended. The Bank of Russia appointed a provisional administration to Bank NEYVA for the period until the appointment of a receiver or a liquidator. Bank NEYVA is a participant of Russia's deposit insurance system.
