On results of inspection of financial standing of JSC Bank Voronezh held by provisional administration

The provisional administration to manage the credit institution JSC Bank Voronezh (further referred to as the Bank) appointed by Bank of Russia Order No. OD-1481, dated 15 June 2018 following banking licence revocation conducted an investigation into the bank’s financial standing and identified operations by the Bank executives which were aimed at withdrawal of its assets by purchasing unmarketable securities and disposal of real assets, resulting in over 7.6 billion rubles of damage.

The Bank of Russia applied on 13 July 2018 to the Court of Arbitration of the Voronezh Region to declare the Bank bankrupt. The hearing is scheduled for 29 August 2018.

The information on the transactions bearing the evidence of criminal offence, conducted by the Bank’s executives, was sent to law enforcement authorities for consideration and procedural decision making.

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