On the activity of OJSC IJSB Dig-Bank

The provisional administration of OJSC IJSB Dig-Bank appointed by Bank of Russia Order No. OD-1460, dated 23 June 2014, due to the revocation of its banking licence, has established in the course of analysis of its financial standing that OJSC IJSB Dig-Bank kept ad hoc records of its liabilities to depositors.

The management of OJSC IJSB Dig-Bank abused its authority and took deposits without recording liabilities to depositors in the accounting records of the bank. As of the date of withdrawal of the banking licence from OJSC IJSB Dig-Bank, liabilities to fraudulently attracted depositors amounted to 868 million rubles or one third of liabilities officially recorded in the bank’s financial statements.

Consequently, the management of the bank forged the data provided to the Bank of Russia on real liabilities of OJSC IJSB Dig-Bank to individuals.

Besides, the management of OJSC IJSB Dig-Bank hampered the activity of the provisional administration and avoided transmitting documents of title for loans in the amount over 1.6 billion rubles or over 80% of the total debt on loans that may be indicative of the attempt to conceal the documentary confirmation of asset withdrawal from the bank.

The Bank of Russia has submitted the information on the financial transactions bearing the evidence of the criminal offence conducted by the former management and owners of OJSC IJSB Dig-Bank to the Prosecutor General’s Office of the Russian Federation and to the Ministry of Internal Affairs of the Russian Federation for consideration and procedural decision making.

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01.08.2014 00.00.00