Results of provisional administration-conducted inspection of NCI Bank LLC
The provisional administration to manage Neva Construction and Investment Bank Limited Liability Company, or NCI Bank LLC (hereinafter, the Bank) appointed by Bank of Russia Order No. OD-1177, dated 24 July 2020, following the banking licence revocation, in the course of the inspection established facts suggesting that the former management and owners of the Bank had committed actions to divert liquid assets through lending to borrowers incapable of meeting their obligations.
The Bank of Russia submitted the information on the financial transactions that had been conducted by the Bank’s officials to the Prosecutor General’s Office of the Russian Federation and the Investigative Committee of the Ministry of Internal Affairs of the Russian Federation for consideration and procedural decision-making.
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