Three Moscow banks lose licenses

The Russian Central Bank has made a decision to recall the banking licenses of Rossiyskiy Kredit Bank, ANB Bank and Mosstroieconombank.

According to a statement, Rossiyskiy Kredit Bank pursued a risky credit policy and presented reports with material misstatements to the supervising authority. The bank has the 45th largest assets on the list of Russian banks, as of July 1.

Both banks take part in the deposit insurance system.