On results of inspection of financial standing of JSC Promenergobank held by provisional administration

During the inspection of financial standing of JSC Promenergobank, the provisional administration of the credit institution, appointed by Bank of Russia Order No. OD-2525, dated 5 August 2016, due to the revocation of its banking licence, revealed the signs of moving out assets through extending loans by the former management and owners of the bank to borrowers incapable of honouring their liabilities in the total amount of over 2.4 billion rubles.

Besides, when the bank experienced solvency problems, it carried out operations bearing evidence of preferential honouring of liabilities to certain creditors to the detriment of others.

According to the provisional administration estimates, the asset value of JSC Promenergobank does not exceed 1.6 billion rubles, while its liabilities to creditors amount to 2.5 billion rubles, including over 2 billion rubles of liabilities to individuals.

On 19 October 2016, the Court of Arbitration of the Vologda Region took a decision to recognise JSC Promenergobank insolvent (bankrupt) with the state corporation Deposit Insurance Agency 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 JSC Promenergobank to the Prosecutor General’s Office of the Russian Federation, the Russian Ministry of Internal Affairs and the Investigative Committee of the Russian Federation for consideration and procedural decision making.

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10.02.2017 00.00.00