On results of inspection of financial standing of CB Kreditimpeks Bank LLC held by provisional administration

During the examination of financial standing of the bank, the provisional administration of CB Kreditimpeks Bank LLC appointed by Bank of Russia Order No. OD-1154, dated 26 May 2014, due to the revocation of its banking licence, revealed that the value of its assets did not exceed 82.9 million rubles, while its liabilities to creditors amounted to 179.7 million rubles.

The main reason for insufficiency of value of the bank’s assets to fully meet the creditors’ claims is the revealed facts of asset withdrawal through the extension of unrecoverable loans in the total amount of 344.6 million rubles to entities with dubious creditworthiness.

Under these circumstances, on 8 September 2014, the Arbitration Court of the city of Moscow adjudicated to recognise CB Kreditimpeks Bank LLC as insolvent (bankrupt) and to initiate bankruptcy proceedings. 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 CB Kreditimpeks Bank LLC to the General Prosecutor’s Office of the Russian Federation and the Ministry of Internal Affairs of the Russian Federation for consideration and procedural decision making.

The reference to the Press Service is mandatory if you intend to use this material.

05.12.2014 00.00.00