OREANDA-NEWS. The provisional administration of LLC Promregionbank appointed by Bank of Russia Order No. OD-1690, dated 30 May 2016, due to the revocation of its banking licence encountered serious obstruction of its activity starting from the first day of performing its functions. The Bank of Russia believes that this bears evidence of attempts to hide siphoning off the bank’s assets.

The former management of LLC Promregionbank did not hand over original loan agreements in the total amount of 2.6 billion rubles and claim assignment agreements to the provisional administration.

The provisional administration revealed operations of LLC Promregionbank in the course of the inspection of its financial standing to siphon off assets immediately before the revocation of its banking licence. The bank did not meet the Bank of Russia requirements and extended deliberately unrecoverable corporate loans, superseded liquid outstanding loans by assignments of claim on a company with dubious solvency, purchased illiquid securities in the total amount of over 5.4 billion rubles.

According to the provisional administration estimates, the value of LLC Promregionbank assets does not exceed 1.9 billion rubles, while its liabilities to creditors amount to 7 billion rubles, including 3.7 billion rubles of household deposits.

The Bank of Russia has submitted the information on financial operations bearing evidence of criminal offences of LLC Promregionbank former management and owners to the Prosecutor General’s Office, the Ministry of Internal Affairs and the Investigative Committee for consideration and procedural decision making.