Nefteprombank

The Joint Stock Commercial Oil Investment and Industrial Bank (JSC Nefteprombank) was established in 1992 and operates on the basis of the General License of the Bank of Russia No. 2156 dated 12.05.2015. It provides a full range of banking services to individuals and corporate clients, including deposits, bank cells, salary projects, bank guarantees, and VED support. The bank occupies high rating positions in the securities market, providing professional services as a depositary. The divisions of Nefteprombank JSC are located in Moscow, Krasnodar, Slavyansk-on-Kuban, Anap, Novorossiysk, Tyumen and Kostroma.

History

2021: License revocation

On April 9, 2021, the Central Bank of the Russian Federation announced the revocation of the license from Nefteprombank, which in terms of assets ranked 201st in the banking system of Russia.

The credit institution lost its own funds, conducted operations that had signs of withdrawing assets, and also violated laws governing banking, the regulator said.

It also says that the bank pursued a high-risk policy, as a result of which several potentially non-refundable loans appeared on its balance sheet. These lending operations of individuals had signs of withdrawal of funds with damage to the interests of creditors and depositors.

Central Bank revoked license from Nefteprombank

The Bank of Russia, as reported there, has repeatedly sent instructions to Nefteprombank to further form reserves for possible losses, the execution of which revealed the actual loss of its own funds.

The Central Bank also canceled the license for Nefteprombank to carry out professional activities in the securities market.

A temporary administration has been appointed in the bank, which will operate until the appointment of a bankruptcy trustee or liquidator. The powers of the executive bodies of the credit institution are suspended.

It is specified that since Nefteprombank participates in the deposit insurance system, depositors will be returned deposit amounts in the amount of 100% of the balance of funds, but not more than 1.4 million rubles, taking into account accrued interest. Payment of deposits is made by the state corporation "Deposit Insurance Agency."

According to the Central Bank, the shares of Nefteprombank are distributed among several legal entities and individuals: 40% of the bank is controlled by Arsenal Insurance Company LLC, 19.9% by Eurofactor-2000 LLC, 18.6% by Europlast-Capital 2002, 7.8% by Glavkhimproekt LLC. Another 9.9% belongs to Svetlana Kekukh, 3.5% to Sergey^[1]

Notes