Bankruptcy of TEMBR-BANK (JSC)

TEMBR-BANK (JSC) (Registration No. 2764) (hereinafter, the Bank) was subject to compulsory liquidation by the decision¹ of the Court of Arbitration of the City of Moscow, dated 18 November 2020. The State Corporation Deposit Insurance Agency was appointed as the liquidator.

In the course of liquidation procedures, the Bank’s liquidator made some findings implying that the activities of the Bank’s former executives and owners had signs of asset withdrawal by lending to borrowers that had doubtful financial standing or were knowingly unable to settle their obligations, as well as by terminating the Bank’s rights as a pledgee of liquid collateral.

By the decision² of the Court of Arbitration of the City of Moscow, dated 16 May 2022, the Bank was declared insolvent (bankrupt) and subject to bankruptcy proceedings. The State Corporation Deposit Insurance Agency was appointed as a receiver.

The Bank of Russia submitted information on the financial operations of the Bank’s officers to the Russian Prosecutor General’s Office and the Investigative Department of the Russian Ministry of Internal Affairs for consideration and procedural decision-making.

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