On results of inspection of financial standing of NPO CreditAlliance (LLC) by provisional administration

The provisional administration of NPO CreditAlliance (LLC) appointed by Bank of Russia Order No. OD-2158, dated 7 July 2016, following revocation of its banking licence detected in the course of examination of the bank’s financial standing (based on stocktaking results) shortages of assets worth over 40 million rubles.

Besides, the provisional administration also revealed the fact of signing by the NPO a suretyship agreement to perform obligations of an insolvent organisation to a third party worth 250 million rubles.

According to estimates by the provisional administration, the total asset value of NPO CreditAlliance (LLC) worth 69.4 million rubles is not enough to meet liabilities worth 285.6 million rubles.

Under these circumstances, on 7 September 2016, the Court of Arbitration of the Vologda Region took a decision to recognise NPO CreditAlliance (LLC) insolvent (bankrupt) and appoint Nikolay A. Petrov, a member of the Self-regulatory Organisation of Receivers of the Central Federal District, as a receiver.

The Bank of Russia submitted the information on the financial transactions bearing the evidence of criminal offences conducted by the former management and owners of NPO CreditAlliance (LLC) to the Prosecutor General’s Office of the Russian Federation, the Russian Ministry of Internal Affairs and the Investigative Committee of the Russian Federation for consideration and procedural decision making.

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30.09.2016 00.00.00