OREANDA-NEWS. The provisional administration of SB Bank LLC appointed by Bank of Russia Order No. OD-367, dated 16 February 2015, due to the revocation of its banking licence, encountered an obstruction of its activity starting the first day of performing its functions.

The management of SB Bank LLC avoided submitting original loan agreements, pledge agreements and debt guarantees of legal entities and individuals to the provisional administration that could bear evidence of the attempt to conceal the facts of asset diversion from the bank.

Non-submission of borrowers' credit files by the management of SB Bank LLC prevents the collection of loans and, subsequently, meeting creditors' claims. Under these circumstances, according to the Bank of Russia's preliminary estimates, the bank's assets do not exceed 8.9 billion rubles, while its obligations to creditors amount to 48 billion rubles.

Besides, when compiling a register of obligations of SB Bank LLC to depositors, the provisional administration revealed that shortly before the revocation of licence when the bank experienced solvency difficulties, it transformed legal priority of creditors towards more privileged one and split household deposits for the purpose of decreasing their amount to the maximum amount accepted for insurance coverage.

The Bank of Russia submitted the information on the actions of the former management of SB Bank LLC bearing the evidence of the criminal offence to the General Prosecutor's Office of the Russian Federation and the Ministry of Internal Affairs of the Russian Federation for consideration and procedural decision making.