On results of inspection of financial standing of LLC CB IMoneyBank held by provisional administration

During the inspection of financial standing of LLC CB IMoneyBank, the provisional administration of the credit institution, appointed by Bank of Russia Order No. OD-3415, dated 5 October 2016, due to the revocation of its banking licence, revealed a low quality of the bank’s loan portfolio resulting from extending loans to shell companies totalling about 0.9 billion rubles.

Besides, the provisional administration identified transactions aimed at imitating the servicing of households’ loans worth over 3.9 billion rubles.

According to the provisional administration estimates, the asset value of LLC CB IMoneyBank does not exceed 8.2 billion rubles, while its liabilities to creditors amount to 22.3 billion rubles, including 21.3 billion rubles of liabilities to individuals.

On 19 January 2017, the Court of Arbitration of the city of Moscow took a decision to recognise LLC CB IMoneyBank 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 LLC CB IMoneyBank 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.

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

10.02.2017 00.00.00