On results of provisional administration-conducted financial assessment of Bank SBRD (LLC)

The provisional administration to manage the credit institution Bank SBRD (LLC), hereinafter, the Bank, appointed by Bank of Russia Order No. OD-281, dated 06.02.2018, following banking licence revocation, conducted an investigation of the bank’s financial standing and identified operations aimed at withdrawal of its assets, by replacing liquid assets with less liquid ones, which resulted in over 750 million rubles of financial damage.

The provisional administration estimates the value of the Bank assets to be not more than 1,355 million rubles, vs 3,320 million of its liabilities to creditors.

On 15.03.2018, the Arbitration Court of the Tyumen Region recognised the bank as insolvent (bankrupt). The State Corporation Deposit Insurance Agency was appointed as a receiver.

The information on the financial transactions bearing the evidence of criminal offence, conducted by the Bank’s executives, was sent to law enforcement authorities for consideration and procedural decision making.

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