Results of provisional administration-conducted inspection of financial standing of PJSC Donkhlebbank

The provisional administration to manage PJSC Donkhlebbank (hereinafter, the Bank) appointed by Bank of Russia Order No. OD-3270, dated 21 December 2018, following revocation of its banking licence, in the course of its investigation into the Bank’s financial standing established that the Bank’s management conducted operations to misappropriate funds from customer accounts and divert the Bank’s assets through lending to borrowers with dubious creditworthiness.

The provisional administration estimates the Bank’s assets to total 2.3 billion rubles and being insufficient to cover its liabilities in the amount of 2.9 billion rubles.

On 5 March 2019, the Arbitration Court of the Rostov Region recognised the Bank as insolvent (bankrupt). The State Corporation Deposit Insurance Agency was appointed as receiver.

The Bank of Russia submitted the information on the financial transactions bearing the evidence of criminal offence conducted by the Bank’s executives to the Prosecutor General’s Office of the Russian Federation, the Ministry of Internal Affairs of the Russian Federation and the Investigative Committee of the Russian Federation for consideration and procedural decision-making.

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