The negative difference between Vneshprombank's assets and liabilities totaled Rub 210.11 bln at the time when its license was revoked, the Russian regulator reported in a Bank of Russia Bulletin.
The bank's assets equal Rub 40.43 bln, of which Rub 20.69 bln falls to net loans receivable, Rub 4.12 bln to securities, and Rub 3.26 bln to required reserves.
At the time when the bank's license was cancelled its obligations were equal to Rub 250.54 bln. Customers held Rub 193.81 bln at the bank, and Rub 48.5 bln fell to retail deposits. The bank also issue bonds for a total of Rub 20.8 bln.
Vneshprombank's license was revoked on January 21, 2016. Based on CBR data, as of January 1, 2016 Vneshprombank ranked 40th by assets in the Russian banking system.
The regulator said in a press release that Vneshprombank's management conducted diverse operations to withdraw assets. Financial reports that the bank submitted to the Bank of Russia contained no reliable information on the quality and the amount of its assets and liabilities. "Vneshprombank's executives set up a system to falsify financial reports on the basis of primary documents, including statements from correspondent accounts at non-resident banks, credit files of customers, and operations on customers' accounts," the regulator pointed out.
Former Vneshprombank general director Larisa Markus is presently in prison as a suspect in a fraud case, and her brother and the bank's co-owner Georgy Bedzhamov, according to certain data, is in Monaco.
Notably, the Vneshprombank story caused an official inspection at the Bank of Russia, CBR deputy chairman Alexei Simanovsky said on February 29. "This matter (cash withdrawal from Vneshprombank – Banki.ru note) is under investigation. So far, nobody at the Bank of Russia has been made accountable," Simanovsky said.
