On results of inspection of financial standing of the credit institution Siberian Bank Sirius LLC

The provisional administration to manage the credit institution Siberian Bank Sirius LLC appointed by Bank of Russia Order No. OD-109, dated 23 January 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 unable to execute their obligations and by making agreements on compensation totalling more than 890 million rubles.

According to the estimate by the provisional administration, the bank’s assets equal 235 million rubles, whereas its liabilities to creditors amount to 325 billion rubles.

On 14 March 2017, the Arbitration Court of the City of Omsk recognised the bank as insolvent (bankrupt). The state corporation Deposit Insurance Agency was appointed as a receiver.

The Bank of Russia submitted the information on the financial transactions bearing the evidence of the criminal offence conducted by the former management and owners of the 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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02.06.2017 00.00.00