Renaissance Credit Bank has been operating since 2003. Recently, news appeared on the Internet about the revocation of a financial institution’s license.
Is it true that Renaissance Credit Bank’s license was revoked?
News often appears on the Internet that the Central Bank of Russia has revoked the license of a private financial institution. There was a rumor about the revocation of the license of Renaissance Credit Bank due to the credit institution’s failure to comply with federal laws and regulations. In response to customer panic, the bank’s official website commented on the rumor about the revocation of the license. Management reports that the license was revoked from the Renaissance company. CB Renaissance Credit and CB Renaissance are two different organizations.
Thus, Renaissance Credit Bank continues to operate under a license, and the reason for rumors about the revocation of the document was the closure of a company with a similar name.
Latest news about the license
The latest news about the revocation of the license from Renaissance Credit reports that everything is in order with the organization, it continues to work as usual and issue loans, issue cards, open deposits, and provide other additional services.
Those individuals who are afraid to work with a bank due to rumors about the revocation of their license can make sure that the financial institution has all the documents on a special website. Checking the license of all financial institutions is possible at:
- portal "Banks.ru". There is a section on the Internet resource - “Book of Memory”. It contains current information about credit institutions operating in the Russian Federation;
- official website of the Central Bank of the Russian Federation. On the main page on the left, find and go to the “Information on credit institutions” section. On the updated page, click on the “Directory” column and enter the name of the bank you are interested in to find out its current status.
All information is reliable and current at the time of request.
Current services
Today, Renaissance Credit Bank, despite rumors about the revocation of its license, offers individuals such services:
- registration of deposits;
- lending;
- opening salary, debit and credit cards.
The loan is issued for any purpose, without guarantors or collateral, hidden fees and charges. The following programs are available:
- "For urgent purposes" . The loan size is from 30,000 to 100,000 rubles. Interest rate – 19.9-24.7% per annum;
- "For bank clients" . The loan is issued in the amount of 30,000-700,000 rubles at 11.3-24.7% per annum for a period of 24-60 months;
- "Pensioners" . Interest rate similar to the above “For Clients” offer. The loan amount is limited to 200,000 rubles;
- “More documents – lower rates” . The maximum loan size is 700,000 rubles. Interest rate – from 11.3 to 24%.
Hello Anton!
Below we will analyze in detail the situation with Renaissance Credit Bank.
Data from the network and real practice:
With Renaissance Bank it turned out enough interesting story. There is confirmed information online that in December 2015 the Central Bank revoked the financial institution’s license.This information can be found, for example, on the resource banki.ru. Nevertheless, it is important to understand that until December of the year before last there were two Renaissance banks operating in Russia:
LLC CB "Renaissance Credit";
LLC KB "Renaissance"
The first bank is still alive today, but the second one actually had its license revoked. That's the whole difference. So don't worry, Anton! Everything is fine with your bank. All other things being equal, you will continue to cooperate with Renaissance Credit.
Let us add that we did not limit ourselves to information from the network. The addresses of Renaissance Credit Bank branches in Moscow were inspected especially for you. We declare responsibly: the organization is licensed and works properly - it issues loans, carries out operations related to repayment, etc.
To whom should the loan be repaid if the bank loses its license?
Recently, many financial institutions have lost their license. A reasonable question arises: if the bank that gave me the loan no longer works, to whom will I be obliged to pay the money? In solving these difficulties there are both general patterns and specific ones.Typically, clients of a bank that has ceased to function move to another bank that has a license. It's hard to predict otherwise. Namely, which organization in each specific case will undertake to work with such a “legacy”.
Renaissance Credit itself took on the clients of the now closed Russlavbank (information was checked with RenCredit employees). In light of all this, we can responsibly state the following: the information that Renaissance Credit Bank was deprived of its license does not correspond to the truth.
Your creditor, Anton, is unlikely to experience serious difficulties in the foreseeable future. But even if it does, the loan will still not “dissolve.”
The bank's policy was highly risky. This is evidenced by the very low sufficiency standards equity(less than two percent). According to the press service of the Central Bank, the management of Renaissance Bank did not think through the creation of adequate insurance risks for its reserves in case of losses. This bank carried out risky actions with in cash and carried out large transactions. Renaissance Bank was disconnected by the financial regulator from BESP (electronic payment system) in December, which confirmed its insolvency.
Individuals may go bankrupt
Conditions for declaring bankruptcy by an individual:
- debt on credit loan is five hundred thousand rubles. and more;
- No loan payments were made for more than three months.
IN in this case a person can be released from loan obligations by declaring bankruptcy. But, according to many experts, this will be very difficult.
Bank "Renaissance" credit - bankrupt
The initiative to initiate bankruptcy proceedings may belong to the debtors themselves, banks, or government agencies. The Central Bank and the credit bureau have estimated that many hundreds of thousands of people will be involved in this procedure, but only about five hundred thousand will achieve results. According to Deputy Chairman of the Central Bank V. Pozdyshev, the adopted law will help people get rid of problematic issues with credit institutions.
Credit Bank Renaissance
So, S. Jennings, the founder of the bank, made a proposal to introduce a different focus into the activity, which would be focused on issuing consumer loans to individuals.
At the beginning of 2007, the retail bank Renaissance underwent rebranding, which resulted in the creation of Renaissance Credit to promote banking services to individuals, but its legal name remained the same. But the worst year for the bank was 2008.
Consequences of Renaissance losing its license for residents of Barnaul.
Residents of Altai are worried about the fate of their savings and call the bank.
According to representatives of the bank's branch in Barnaul, rumors about the bankruptcy of Renaissance are unfounded, since according to the bank rating it is in 54th place. In addition, the name of the bank is completely different, Renaissance Credit.
Here you can read what the steps are to take when your bank’s license is revoked.
Renaissance Credit is officially bankrupt. According to information received in December 2015 from the DIA (deposit insurance agency), approximately thirteen thousand depositors will receive insurance payments. In total, the amount of compensation will be nine and a half billion rubles.
About all new events in the activities of banks, articles of an analytical nature can be found on the website “Bankir.ru”, the social network Facebook in the BankirNews group.
Revocation of Renaissance Bank's license
The explanations voiced by the central bank indicate that this extreme measure was taken because this bank does not comply federal laws on the activities of credit institutions, regulations Central Bank of the Russian Federation. All the actions taken over the last year by the Central Bank of the Russian Federation did not have the desired effect.
Renaissance Credit Bank goes bankrupt
This news is closely linked to the situation at Svyaznoy Bank; it is close to disaster. The Svyaznoy network went bankrupt and was sold to pay off debts for one ruble. The creditors did not take Svyaznoy Bank and left it in the possession of Maxim Nogotkov, the head of the entire group.
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