Negative equity (excess of liabilities over assets) previously deprived of a license “Arksbank” increased compared to the previous estimate of 2.3 times, up to of 33.98 billion rubles, reports TASS.

As the materials posted on the website of the Bank of Russia, the rise of the “hole” is connected with the revaluation of the Bank’s liabilities. In particular, they increased more than two times and amounted to RUB 34,67 billion While assets on the balance sheet of the credit institution are only on 686.7 million.

CBR revoked the license of the Moscow “Arksbank” (Bank “Agency settlement and credit system”) on 19 July this year for an aggressive policy of attracting deposits. The management of the Bank, as found by the interim administration, led the “non-systemic accounting accept contributions submitted falsified data on the value of real obligations to individuals”.

Later, the regulator announced about the detection of a credit institution fraud with deposits.

In addition, the management of “Arksbank” to counter the interim administration, expressed in failure to deliver the accounting and other documentation in respect of the assets and liabilities of the Bank.

On 22 September, the Moscow Arbitration court under the statement of the Central Bank of the Russian Federation declared the Bank bankrupt. According to statements by total assets of July 1, 2016, the Bank was ranked 286th place in the banking system of the Russian Federation.

The “hole” in the capital of a bankrupt “Arksbank” rose to 34 billion rubles 10.10.2016

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