The court found Tatfondbank bankrupt

The court found Tatfondbank bankrupt


Moscow. April 11. The arbitration court of Tatarstan declared bankrupt Tatfondbank Kazan, opened in its relation procedure of competitive manufacture, the correspondent reported from the courtroom. The court determined the period of bankruptcy proceedings is one year. The lawsuit was filed by the Central Bank of the Russian Federation.

In Russia,03 March 2017Возбуждено a criminal case against the Chairman of the Board Tatfondbank read more

The representative of the Central Bank Dmitry Malinovsky announced during the meeting that the total cost of the property and assets of the Bank is estimated the interim administration on the date of revocation of the license (March 3) in 71,393 billion rubles, the Bank’s liabilities amounted to 189,74 billion.

“In the conclusion of the interim administration reasonably concluded that the failure value of the property and assets for performance of its obligations to creditors and payments of obligatory payments. The lack of property for the performance of its obligations on the date of revocation of the license amounted to 118,347 billion. Thus, the conclusion of the interim administration confirmed the presence of Tatfondbank such signs of insolvency and bankruptcy as failure the cost of property (assets) of a credit institution to perform their obligations to creditors at the date of revocation of the license,” – said Malinowski.

The findings of the interim administration confirmed Bank of Russia.

The representative of temporary administration of Tatfondbank reported that among the Bank’s liabilities owed to Central Bank – 3 billion rubles, other credit institutions – 27 billion roubles customer accounts – to 109.6 billion rubles, including the debt owed to legal entities – 37 billion rubles, Agency on insurance of contributions – 52.5 billion rubles to individual 20.2 billion, and debt securities issued on 16 billion roubles.

Earlier it was reported that the Bank of Russia revoked the license of Tatfondbank on 3 March.

According to the Central Bank, a “hole” in the capital of Tatfondbank was estimated at 97 billion. Problems associated with the Bank’s captive business model of the Bank focused on lending to the ultimate owners. CB stated that about 65% of the loan portfolio were loans related to the business of the owner, the bulk of borrowers are in bankruptcy.

Tatfondbank for the first three quarters of 2016 has occupied 43-e a place in terms of assets in ranking “Interfax-100” prepared “Interfax-TSEA”.

Source