On results of inspection of financial standing of Bank DIB JSC by provisional administration

The provisional administration of Bank DIB JSC appointed by Bank of Russia Order No. OD-3260, dated 26 September 2016, due to the revocation of its banking licence, encountered a considerable obstruction to its activity starting the first day of its mandate.

In violation of law, the management of Bank DIB JSC failed to submit to the provisional administration original loan agreements and electronic operations database.

During the inspection of the financial standing of the credit institution, the provisional administration has revealed operations conducted by the bank’s former management and owners that bear evidence of moving out assets through providing loans to shell companies and companies and individuals with dubious solvency.

The provisional administration estimates that the assets of Bank DIB JSC do not exceed 1.6 billion rubles, while its liabilities to creditors amount to 37.9 billion rubles.

On 7 December 2016, the Court of Arbitration of the city of Moscow ruled to recognise Bank DIB JSC as insolvent (bankrupt) and initiate bankruptcy proceedings with the state corporation Deposit Insurance Agency appointed as a receiver.

The Bank of Russia submitted the information on financial operations bearing evidence of criminal offences of Bank DIB JSC former management and owners 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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30.01.2017 00.00.00