Source: Central Bank of the Russian Federation in English
Results of inspection of financial standing of CB Aksonbank LLC held by provisional administration
The provisional administration to manage CB Aksonbank LLC (hereinafter, the Bank) appointed by Bank of Russia Order No. OD-2424, dated 17 September 2018, following revocation of its banking licence, in the course of its investigation into the Bank’s financial standing established that the Bank’s management conducted operations to divert funds through lending to borrowers with dubious creditworthiness or incapable to meet their obligations.
On 11 December 2018, the Arbitration Court of the Kostroma Region recognised the Bank as insolvent (bankrupt). The State Corporation Deposit Insurance Agency was appointed as a receiver.
The Bank of Russia submitted the information on the financial transactions bearing the evidence of criminal offence conducted by the Bank’s executives 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.
24 December 2018
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