OREANDA-NEWS. The provisional administration of NATSCORPBANK (JSC) appointed by Bank of Russia due to the revocation of its banking licence encountered an obstruction of its activity starting the first day of performing its functions.

In violation of Russian legislation NATSCORPBANK (JSC) management failed to provide the provisional administration with original loan agreements worth about 400 million rubles.

According to estimates by the provisional administration, the asset value of NATSCORPBANK (JSC) did not exceed 996.4 million rubles, while its liabilities to creditors amounted to 1,620.9 million rubles.

On 14 June 2016, the Court of Arbitration of the city of Moscow took a decision to recognise NATSCORPBANK (JSC) insolvent (bankrupt) and initiate bankruptcy proceedings with the state corporation Deposit Insurance Agency appointed as a receiver.

The Bank of Russia has submitted the information on the financial transactions bearing the evidence of criminal offences conducted by the former management and owners of NATSCORPBANK (JSC) 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.