Operations of provisional administration to manage JSC AKTIV BANK

The provisional administration¹ to manage JSC AKTIV BANK (hereinafter, the Bank) carried out an inspection at the Bank and established signs of asset withdrawal through lending to borrowers of dubious solvency or knowingly unable to fulfil their obligations, which caused damage amounting to 1.6 billion rubles.

According to the assessment by the provisional administration, the value of the Bank’s assets is insufficient to fulfil its obligations to creditors.

On 28 September 2021, the Arbitration Court of the Republic of Mordovia recognised the Bank as insolvent (bankrupt).

As the Bank of Russia has grounds to believe that the Bank’s officials and owners conducted transactions having signs of criminal acts, the Bank of Russia has submitted the information to the Prosecutor General’s Office of the Russian Federation and the Investigative Department of the Ministry of Internal Affairs of the Russian Federation for consideration and procedural decision-making.

¹ The provisional administration to manage the credit institution was appointed on 25 June 2021 by Bank of Russia Order No. OD-1268, dated 25 June 2021.

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01.12.2021 17.00.00