On results of inspection of financial standing of PJSC Premier Credit Bank held by provisional administration

The provisional administration of PJSC Premier Credit Bank appointed by Bank of Russia Order No. OD-1908, dated 10 July 2017, following the revocation of its banking licence, in the course of examination of the bank’s financial standing has revealed operations aimed at moving out the bank’s assets by issuing loans to borrowers with dubious solvency and bearing the signs of shell companies.

The provisional administration estimates the value of the assets of PJSC Premier Credit Bank to be no more than 909.2 million rubles, with its liabilities to creditors totalling 1702.4 million rubles, including 1209.1 million rubles to individuals.

On 24 August 2017, the Arbitration Court of the City of Moscow recognised the PJSC Premier Credit Bank bankrupt. 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 PJSC Premier Credit Bank to the Prosecutor General’s Office of the Russian Federation, the Ministry of Internal Affairs of the Russian Federation and the Investigative Committee of the Russian Federation for consideration and procedural decision making.

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