The Bank of Russia has filed a suit with the Moscow Arbitration Tribunal to declare Probusinessbank bankrupt, materials posted on the court's website show.
To remind, the Bank of Russia revoked Probusinessbank's banking license on August 12 as the lending institution failed to fulfill banking laws, its capital dropped below the statutory charter-capital threshold on the date of its state registration, and its capital adequacy ratio fell below 2%. The regulator pointed out that the bank pursued a high-risk policy by investing funds in poor quality assets, and following the formation of provisions that are adequate to the accepted risks the bank fully lost its equity.
At the same time, the Bank of Russia approved a plan for the Deposit Insurance Agency (DIA) to take part in measures to settle the lending institution's obligations, announcing a tender to select a bank that will buy some of Probusinessbank's assets and liabilities. The media later reported that B&N Bank won the tender.
The Bank of Russia assessed Probusinessbank's real assets at Rub 27 bln, while a gap in its balance sheet is valued at Rub 67 bln.
