OREANDA-NEWS. March 21, 2016. During the examination of financial standing of CB INTERCOMMERTZ (Ltd) a group of representatives of the Bank of Russia and the state corporation Deposit Insurance Agency jointly with the provisional administration of CB INTERCOMMERTZ (Ltd) revealed the existence of scale transactions of the bank’s assets effected also in the time span when the bank experienced creditworthiness problems.

So, for example foreign currency sales performed by the bank in the third ten days of January 2016 to acquire highly liquid assets resulted in claims to non-resident companies with unknown creditworthiness worth at least 4.1 billion rubles. The bank also carried out encumbrance transactions which produced the loss of its assets worth at least 4.3 billion rubles.

Besides, the provisional administration found out that the greater part of the legal entities’ credit portfolio worth at least 48.8 billion rubles bear the evidence of fake loans.

According to the results of examination of the financial standing of CB INTERCOMMERTZ (Ltd), the value of the banks’ assets does not exceed 26.6 billion rubles, while its liabilities to creditors amount to 91.8 billion rubles. Under these circumstances, on 17 February 2016, the Bank of Russia submitted a claim to the Court of Arbitration to declare the bank bankrupt.

The Bank of Russia submitted the information on the financial operations performed by the former management and owners of CB INTERCOMMERTZ (Ltd) which bear the evidence of the criminal offence to the Prosecutor General’s Office of the Russian Federation, the Ministry of Internal Affairs of the Russian Federation and Russian Investigative Committee for consideration and procedural decision making.