On results of inspection of financial standing of Commercial Bank ROSENERGOBANK held by provisional administration

The provisional administration to manage Commercial Bank ROSENERGOBANK Joint-stock Company, appointed by Bank of Russia Order No. OD-943, dated 10 April 2017, following the revocation of its banking licence, in the course of examination of the bank’s financial standing has found transactions concluded by its former management and owners to be indicative of the intention to siphon off assets by purchasing credit claims with unidentified claimants and by making real estate transactions.

Also, the former bank management has failed to submit to the provisional administration copies of loan agreements the bank executed with borrowers to a total of about 9.8 billion rubles.

The Bank of Russia submitted the information on financial transactions bearing the evidence of criminal offence conducted by the former management and owners of Commercial Bank ROSENERGOBANK 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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27.06.2017 00.00.00