MOSCOW. Jan 23 (Interfax) - The Central Bank of Russia revoked 60 banking licenses in 2006 - almost as many as in the previous two years combined, the CB said on its website.
Most of the licenses were pulled for violating the anti-money laundering legislation.
The CB revoked 30 licenses in 2004 and 35 in 2005.
The CB said that Russia had 1,253 operating banks at the start of last year. In other words, 4.8% or one in 20 banks were stripped of their licenses. In the last three years, the CB has revoked a total of 125 licenses. Almost one in ten banks or 9.4% of the 1,329 functioning banks as of the start of 2004 had their licenses pulled.
Russia had 1,189 functioning lending institutions by the end of 2006. Their number decreased by 30 in 2004, 46 in 2005 and 64 in 2006.
Russia had 483 major lending institutions (40.6% of the total) with charter capital of more than 150 million rubles at the end of last year, compared with 447 (35.7%) a year previously.
These included 266 (22.4%) with charter capital of more than 300 million rubles, compared with 243 (19.4%) at the start of 2006. This category of banks had increased almost a third in the last three years, from 208 (15.6%) on January 1, 2004.
The banking sector's total charter capital grew 27.5% in 2006 to 566.5 billion rubles, from 444.4 billion rubles as of the start of 2006. Banking sector capital had grown 22.8% from 362 billion rubles on January 1, 2004, or by 5.1% in 2004 and 16.8% in 2005.
Banking sector charter capital grew by 122.1 billion rubles in 2006 -almost as much as in the preceding three years combined, when it grew 144 billion rubles. Banking sector capital grew by 61.6 billion rubles in 2003, 18.5 billion rubles in 2004 and 63.9 billion rubles in 2005. pr
http://www.interfax.ru/e/B/finances/26.html?id_issue=11664391
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