OREANDA-NEWS. The provisional administration of JSC Zernobank appointed by Bank of Russia Order No. OD-2355, dated 24 September 2015, due to the revocation of its banking licence, revealed operations of the former management of the bank, given the solvency problems, that consisted in receivables assignment to some creditors at the expense of the others in the amount of over RUB 600 million.

Moreover, the administration discovered the operations worth over RUB 400 million involving transformation of creditors' claims in order to satisfy the claims in preference order.

According to the provisional administration estimates, the assets of JSC Zernobank do not exceed RUB 1.1 billion, whereas the bank's liabilities to its creditors amount to RUB 1.5 billion.

On 1 December 2015, the Court of Arbitration of the Altai Territory took a decision to recognise JSC Zernobank insolvent (bankrupt) and initiate bankruptcy proceedings with the state corporation Deposit Insurance Agency appointed as a receiver.

The Bank of Russia submitted the information on the financial transactions bearing the evidence of the criminal offence conducted by the former management and owners of JSC Zernobank to the Prosecutor General's Office of the Russian Federation and the Ministry of Internal Affairs of the Russian Federation for consideration and procedural decision making.