OREANDA-NEWS. During the examination of financial standing of the bank, the provisional administration to manage the CB MBK LLC appointed by Bank of Russia Order No. OD-2251, dated 28 August 2014, due to the revocation of its banking licence, revealed that the value of its assets does not exceed 96.1 million rubles, while its liabilities to creditors amount to 775.3 million rubles.

The main reason of insufficiency of bank's assets to fully meet creditors' claims were the facts revealed by the provisional administration of moving out the assets through acquiring promissory notes in the companies with doubtful creditworthiness prior to the revocation of the licence.

Under these circumstances, on 8 September 2014, the Arbitration court of the city of Moscow took a decision to recognize CB MBK 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 the financial transactions bearing the evidence of criminal offence conducted by the former management and owners of CB MBK LLC to the Prosecutor General's office of the Russian Federation and the Russian Ministry of Internal Affairs for consideration and procedural decision making.