On results of inspection of financial standing of PJSC MJSB Tempbank held by provisional administration

The provisional administration of PJSC MJSB Tempbank appointed by Bank of Russia Order No. OD-2807, dated 2 October 2017, due to the revocation of its banking licence, encountered an obstruction of its activity starting the first day of performing its functions. The former management of PJSC MJSB Tempbank failed to provide the provisional administration with the originals of loan agreements, surety and pledge agreements worth over 11 billion rubles.

Besides, the provisional administration established that the activities of the bank’s former management and owners had the signs of withdrawing assets by issuing loans to borrowers and transferring liabilities to persons known to be incapable of meeting their obligations, as well as by making agreements to assign receivables with the entity not involved in real business operations with no originals of loan agreements assigned by the company.

According to the estimate by the provisional administration, the assets of PJSC MJSB Tempbank do not exceed 2.3 billion rubles, whereas the bank’s liabilities to its creditors amount to over 13.5 billion rubles.

On 16 November 2017, the Arbitration Court of the City of Moscow recognised the bank as insolvent (bankrupt). The State Corporation Deposit Insurance Agency was appointed as a receiver.

The Bank of Russia submitted the information on financial transactions bearing the evidence of the criminal offence conducted by the former management and owners of PJSC MJSB Tempbank 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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