“Mezhtopenergobank” PJSC is fined for coordinating economic activity
The bank is imposed a 3 million RUB administrative fine is imposed upon the Bank
Earlier FAS found that “Mezhtopenergobank” PJSC coordinated economic activity of “Novoe Zavidovo” Ltd. and “Gradostroi-Invest” Ltd. in a tender for sale of 100% shares of “No.9 Bread Plant” OJSC, which resulted in reducing the price.
The Bank of Russia withdrew the respondent’s license: “Mezhtopenergobank” held funds in low-quality assets, including, construction and investments, and inadequately evaluated the credit risks”, reported the Press-Service of the Bank of Russia. “At the same time, the Bank credited companies not involved in actual economic activity”.
Head of FAS Anti-Cartel Department Andrey Tenishev pointed out that “Bank license is withdrawn, particular, for such operations that FAS recognized as unlawful coordination”.