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

The provisional administration of JSC FORUS Bank appointed by Bank of Russia Order No. OD-4619, dated 19 December 2016, 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, including by disbursing money to the owner from the bank’s cash-desk, by issuing loans to individuals with dubious solvency and to counterparties not engaged in real business activities.

Besides, the bank’s management and owners replaced liquid assets with illiquid ones and conducted operations bearing the signs of masking the evidence of previously withdrawn assets.

The provisional administration estimates the value of JSC FORUS Bank assets to be under 1,927.6 million rubles, whereas its liabilities to creditors amount to 2,496.4 million rubles, including 2,116.4 million rubles — to individuals.

On 15 March 2017, the Arbitration Court of the Nizhny Novgorod Region 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 financial transactions bearing the evidence of the criminal offence conducted by the former management and owners of JSC FORUS 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.

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

13.06.2017 00.00.00