The Moscow arbitration court declared bankrupt the Moscow “Finprombank” (FPB) and opened the bankruptcy proceedings for a period of one year, reports RIA “Novosti” from the courtroom.

The evaluation of the interim administration, obligations of “Finprombank” at the time of revocation of the license was estimated at 39.5 billion rubles, and its assets amounted to about 16 billion rubles.

The representative of the interim administration told the court that since the revocation of the license on September 19 of this year was taken 176 of creditors – physical persons for the sum more than 3 billion rubles and 48 demands from legal entities to 504 million rubles.

“Finprombank” has lost licence for banking operations on 19 September this year. The Bank, according to the regulator, did not timely fulfill obligations to creditors.

The loss of “Finprombank” for half of the year reached 11.4 billion rubles, as he had to send in the impairment allowance for corporate loans and receivables 8.4 billion rubles.

Previously, the newspaper “Vedomosti” wrote that the shareholders of FPB were going themselves to vote for an appeal to the Bank for cancellation or the revocation of Bank licenses for banking operations from the onset of formal signs of bankruptcy, but did not.

In June, the Central Bank issued the “Finprombank” injunction restricting the conduct of client transactions, attraction of funds of individuals in deposits, transactions direct REPO.

The Bank then was transferred to the fifth classification group (this group includes banks that are the basis for the revocation of the license for implementation of measures to prevent bankruptcy), its bonds were excluded from the Lombard list of the Central Bank and the Finance Ministry took the decision to delete a Bank from the list of credit institutions that can provide guarantees for tax purposes. It actually paralyzed the work of the Bank.

In Moscow the arbitration court declared bankrupt Bank from the first hundred 24.10.2016

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