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The IBSP Depositors Committee
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- Written by Юля
The interim administration of the International Bank of St. Petersburg during the survey found that its officials carried out operations with signs of asset withdrawal by transferring the bank's claims against a number of counterparties to its shareholder who do not have the ability to fulfill its obligations. This is stated in the press service of the Bank of Russia.
Earlier, the Central Bank had already provided information about the identification in the actions of officials of the IBSP of signs of operations aimed at withdrawing the bank's assets by transferring the rights of claim to a number of counterparties to its shareholder, as well as by acquiring illiquid assets.
In addition to the previously sent information, the Bank of Russia has provided the Prosecutor General's Office and the Investigative Department of the Ministry of Internal Affairs with new information about the financial transactions of former bank officials with signs of criminal acts, according to today's release.
It also notes that, according to the preliminary assessment of the interim administration, the value of the bank's assets does not exceed 10.8 billion rubles, while the amount of liabilities to creditors is 23.9 billion rubles. In a previous report on the identification of signs of illegal operations of the top management of IBSP, the Central Bank has already cited these data, indicating an increase in the assessment of the "hole" in its capital from the initially announced 12 billion to 13.1 billion rubles.
The Central Bank recalls that the Arbitration Court of St. Petersburg and the Leningrad Region on November 12 last year filed an application for declaring the IBSP bankrupt. According to the latest data, the court hearing is scheduled for April 30, 2019.
In mid-October 2018, the Central Bank appointed a temporary administration to the IBSP due to the unstable financial situation of the bank, and also imposed a moratoriumon meeting the claims of its creditors, which instead of three months lasted only about two weeks: on October 31, the bank's license was revoked. In mid-December, it became known that the International Bank of St. Petersburg challenged in court the order of the Central Bank to revoke the license.
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- Written by Spec007
MOSCOW, February 19. /TASS/. The interim administration appointed by the Central Bank to the International Bank of St. Petersburg (Bank IBSP), which had its license revoked in October 2018, revealed operations aimed at withdrawing assets from the credit institution, the regulator said in a statement.
"The interim administration for the management of the Bank IBSP credit institution during the survey of its financial condition established in the actions of the bank's officials signs of operations aimed at the withdrawal of the bank's assets by transferring the rights of claims to a number of counterparties to its shareholder, as well as the acquisition of illiquid assets," the Central Bank said.
The Central Bank sent information about financial transactions that have the characteristics of criminal acts carried out by bank officials to the Prosecutor General's Office, the Ministry of Internal Affairs of Russia and the Investigative Committee for consideration and adoption of appropriate procedural decisions.
On October 31, the Bank of Russia revoked the banking license of the International Bank of St. Petersburg (IBSP). Earlier, on October 15, 2018, the regulator assigned the DIA the functions of a temporary administration for the management of the IBSP for a period of six months due to the unstable financial situation of the bank. At the same time, a moratorium was imposed on the satisfaction of the creditors of the bank IBSP for a period of three months.
The Central Bank noted that the problems in the bank's activities arose due to the use of a risky business model, as a result of which a significant amount of problem assets was formed on its balance sheet, including derivative financial instruments and unconfirmed (pretended) claims against non-resident companies. At the request of the supervisory authority, the formation of reserves adequate to the accepted risks revealed a complete loss of the bank's own funds (capital).
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