OREANDA-NEWS. The provisional administration of LLC CB Puls Stolitsy appointed by Bank of Russia Order No. OD-1217, dated 13 April 2016, following revocation of its banking licence detected in the course of examination of the bank’s financial standing transactions carried out by LLC CB Puls Stolitsy former management which bear the evidence of moving out assets worth over 550 million rubles through extending loans to dummy companies not involved in any real business operations, transactions to replace liquid assets with claims on companies with dubious solvency worth over 200 million rubles, as well as transactions to alienate property to third parties worth over 130 million rubles.

According to estimates by the provisional administration, the asset value of LLC CB Puls Stolitsy does not exceed 366 million rubles, while its liabilities to creditors amount to 848 million rubles including liabilities to households worth 751.8 million rubles.

On 27 June 2016, the Court of Arbitration of the city of Moscow took a decision to recognise LLC CB Puls Stolitsy insolvent (bankrupt) and initiate bankruptcy proceedings with the state corporation Deposit Insurance Agency appointed as a receiver.