CBR: evidence of a large-scale withdrawal of assets in Probusinessbank


MOSCOW, October 16. Temporary administration on management of Bank “Probusinessbank” during the examination of the financial condition of the credit institution found that the Bank carried out large-scale operations having signs of withdrawal of assets from the Bank. About it today reported on the website of the CBR.

The audit found that placing for storage in depositories with non-resident securities, the Bank concealed from the Supervisory authority the facts of their encumbrance and issue of guarantees in favour of non-resident companies that had obligations to specified depositories for funds received from them. “As a result, as a result of default by foreign entities of its obligations, the Bank lost the rights to marketable securities aggregate book value of not less than 12.2 billion rubles”, – stated in the message controller.

Besides, the Probusinessbank were posted funds in the amount of 8.4 billion rubles in securities /stakes/, do not have a quoted market price, rating and trading volume.

The survey also found that the Bank’s assets in the amount of 10.3 billion rubles represented by loans to a number of technical companies and the interbank loans that served as collateral for the loans provided by the counterparties and correspondent banks to third parties. In addition, credit organizations-correspondents have not been confirmed obligations to AKB “Probusinessbank” in the amount of 3.4 billion rubles.

In such circumstances the Arbitration court of Moscow on August 19, 2015 the Bank of Russia issued a statement on recognition AKB “Probusinessbank” insolvent / bankrupt/ and opening concerning it competitive manufacture.

Information on financial operations with signs of criminal offences conducted by the former management and owners of Probusinessbank, sent to the Prosecutor General of the Russian Federation, Ministry of internal Affairs and the Investigative Committee for review and appropriate procedural decisions.

As reported, the CBR revoked the license of Probusinessbank in August 2015 According to the regulator, the Bank pursued a risky policy connected with placement of funds into low-quality assets. As a result of forming reserves, adequate to the accepted risks, the credit organization completely lost own means (capital).

According to statements by total assets at August 1, 2015 occupied 51-e a place in Russia’s banking system.