On the findings of the provisional administration-conducted financial assessment of PJSC JSCB RBR

The provisional administration to manage PJSC JSCB RBR, further referred to as the Bank, as appointed by Bank of Russia Order No. OD-3098, dated 10 November 2015, following banking licence revocation, has from day one been faced up with severe obstruction of its operations.

The bank’s executives declined to transfer documents of title as regards loan agreements to the total of over 5.6 billion rubles, which is indicative of the attempt to conceal documental record of asset siphoning off.

Concurrently, at the time the Bank was actually insolvent, transactions were being made to meet liabilities to certain creditors, as a matter of preference above and to the detriment of others.

According to the provisional administration’s estimate, the value of the Bank assets is not more than 2.1 billion rubles, vers. 5.4 billion rubles of its liabilities to creditors.

On 18 December 2016, the Arbitration Court of the City of Moscow recognised PJSC JSCB RBR as insolvent (bankrupt) and initiated bankruptcy proceedings. The State Corporation Deposit Insurance Agency was approved to act as its bankruptcy supervisor.

The information on financial transactions indicative of criminal acts as carried out by the Bank’s former executives and owners was submitted by the Bank of Russia to the Office for Prosecutor General of the Russian Federation, the Ministry of Internal Affairs of the Russian Federation and the Investigative Committee of the Russian Federation, to be reviewed and to enable the appropriate procedural decisions to be made.

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22.06.2016 00.00.00