CBR revokes license of RMP Bank

MOSCOW. April 10 (Interfax) - The Central Bank of Russia (CBR) has revoked the banking license of RMP Bank effective April 10, the CBR said in a statement.

The license was revoked because RMP Bank did not comply with federal laws that govern banking and CBR regulations, the CBR said. The regulator had to repeatedly take measures against the bank in the past 12 months.

The bank also violated laws against laundering criminal proceeds and financing of terrorism.

"RMP Bank was not a significant creditor of the real sector of the economy. Most operations were conducted in the interests of the bank's shareholders and entities affiliated with them. The Bank of Russia earlier identified transactions in RMP Bank's activities that had signs of asset stripping. Information about them was sent to law enforcement agencies," the CBR said.

The CBR also said the bank was heavily involved in conducting suspicious transit transactions intended to move money abroad and cash it, as well as to support the purchase of off-the-books sales revenue in the retail sector. RMP Bank's management and owners did not take measures to stop its involvement in suspicious transactions.

The CBR also annulled RMP Bank's license to conduct professional activities on the securities market.

The powers of RMP Bank's executive bodies have been suspended in line with federal laws, and a temporary administration has been appointed at the lender in the person of the Deposit Insurance Agency (DIA). RMP Bank is a participant in the deposit insurance system.

The DIA said it plans to begin payouts by April 24. Based on the bank's financial statements as of March 1, 2026, the DIA's insurance liability is tentatively estimated at 120.9 million rubles.

RMP Bank was Russia's 292nd largest bank by assets. At the end of 2025, it ranked 272nd by assets in the Interfax-100 ranking.