OREANDA-NEWS. The provisional administration of CB Vityaz (LLC) appointed by Bank of Russia Order No. OD-3185, dated 16 November 2016, following revocation of its banking licence revealed in the course of examination of the bank’s financial standing indications of moving out assets or concealing facts of earlier moved out assets through extending loans to organisations not involved in real economic activities and known to be unable to fulfil their obligations.

According to estimates by the provisional administration, the asset value of CB Vityaz (LLC) does not exceed 0.98 billion rubles, while its liabilities to creditors amount to 2.7 billion rubles, including liabilities worth 0.26 billion rubles to households.

On 20 January 2016, the Court of Arbitration of the city of Moscow took a decision to recognise CB Vityaz (LLC) insolvent (bankrupt) with the state corporation Deposit Insurance Agency appointed as a receiver.

The Bank of Russia submitted the information on the financial transactions bearing the evidence of criminal offences conducted by the former management and owners of CB Vityaz (LLC) 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.