Activities of provisional administration of Nefteprombank
The provisional administration1 to manage the credit institution Joint Stock Oil-Industrial Investment Commercial Bank, or Nefteprombank (hereinafter, the Bank) in the course of its inspection of the credit institution established the existence of signs suggestive of the Bank’s operations to divert assets through lending to borrowers with dubious solvency or knowingly unable to fulfil their obligations.
According to the assessment by the provisional administration, the value of the Bank’s assets is insufficient to fulfil its obligations to creditors.
On 30 June 2021, the Arbitration Court of the City of Moscow recognised the Bank as insolvent (bankrupt).
As the Bank of Russia reasonably presumes that the Bank’s officials were engaged in financial operations suggestive of criminal offence, the Bank of Russia submitted relevant information to the Prosecutor General’s Office of the Russian Federation and the Investigative Committee of the Ministry of Internal Affairs of the Russian Federation for consideration and procedural decision-making.
1 The provisional administration to manage the credit institution was appointed by Bank of Russia Order No. OD-619, dated 9 April 2021, from 9 April 2021.
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09.08.2021 17.00.00