On results of inspection of financial standing of credit institution CB ARSENAL LLC by provisional administration

The provisional administration to manage the credit institution CB ARSENAL LLC, appointed by Bank of Russia Order No. OD-2726, dated 21 September 2017, following the revocation of its banking licence, in the course of examination of the bank’s financial standing, has revealed operations towards siphoning off of assets by extending loans to borrowers with dubious solvency or unable to meet their liabilities, to a total of more than 160 million rubles.

According to the estimate by the provisional administration, the assets of CB ARSENAL LLC do not exceed 408.5 million rubles, whereas the bank’s liabilities to its creditors amount to 529.8 million rubles.

On 12 January 2018, the Arbitration Court of the city of Moscow recognised CB ARSENAL LLC as 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 CB ARSENAL LLC 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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