OREANDA-NEWS. The provisional administration of REGNUM BANK (LLC) appointed by Bank of Russia Order No. OD-380, dated 5 February 2016, following revocation of the banking licence revealed in the course of examination of the credit institution’s financial standing operations carried out by the bank’s former management which bear the evidence of moving out assets through extending loans worth about 800 million rubles to companies with dubious solvency.

According to the estimates of the provisional administration, the value of assets of REGNUM BANK (LLC) does not exceed 205 million rubles, while its liabilities to creditors amount to 874 million rubles.

On 29 April 2016, the Court of Arbitration of the city of Moscow took a decision to recognise REGNUM BANK (LLC) insolvent (bankrupt) and to initiate bankruptcy proceedings with the state corporation Deposit Insurance Agency appointed as a receiver.

The Bank of Russia submitted information on financial transactions bearing the evidence of criminal offences conducted by the former management and owners of REGNUM BANK (LLC) to the Prosecutor General’s Office of the Russian Federation, the Ministry of Internal Affairs of the Russian Federation and the Investigative Committee of the Russian Federation for consideration and procedural decision making.