Source: Central Bank of the Russian Federation in English
On results of inspection of financial standing of credit institution UralCapitalBank LLC by provisional administration
The provisional administration to manage the credit institution UralCapitalBank LLC (hereinafter, the Bank) appointed by Bank of Russia Order No. OD-373, dated 15.02.2018, following the revocation of its banking licence, in the course of examination of the bank’s financial standing has revealed actions performed by its former management and owners bearing the evidence of the theft of the Bank’s assets and of masking previous operations aimed at withdrawal of its assets by issuing loans to a group of borrowers, which were invariably not able to fulfil their obligations. The resulting damage totalled 2.1 billion rules.
According to the estimate by the provisional administration, the assets of UralCapitalBank LLC do not exceed 3 billion rubles, whereas the bank’s liabilities to its creditors exceed 6.5 billion rubles.
The Bank of Russia submitted the information on financial transactions bearing the evidence of the criminal offence conducted by the officials of UralCapitalBank LLC to the Prosecutor General’s Office of the Russian Federation, the Ministry of Internal Affairs of the Russian Federation and the Investigative Committee of the Russian Federation for consideration and procedural decision making.
05 June 2018
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