Legal Encyclopedia. The letter P

Restructuring Credit Organizations

- A set of measures to be applied to the credit institution to overcome their financial instability and restore solvency or liquidation of the credit for these organizations.

For the implementation of the restructuring of the credit organization created a special agency, the status and functions of which are defined by law.

These rules can be applied to credit institutions, if within the six months preceding the decision about the direction of Russian Central Bank of the transfer of a credit institution under the control of the agency in accordance with federal law, the credit institution:

1) had a share of citizens 'deposits not less than 1% of the total share of citizens' deposits in credit institutions of the Russian Federation;

2) had a share of the assets of not less than 1% of the total share of assets of credit institutions

Russian in the form provided to legal entities credits or loans, excluding loans or loans to credit institutions;

3) had a share of citizens 'deposits not less than 20% of the total share of citizens' deposits in credit institutions located in the territory of the RF subject;

4) had a share of the assets of not less than 20% of the aggregate share of the assets of credit institutions located in the territory of the RF subject.