The court arrested property of the ex-management of the Central European Bank for 748 million rubles

In total for 2014 470 agreements on acquisition by credit institutions of licenses for banking systems of CFT, from them 16 – with new banks clients are signed. Among them – VTB 24, Rosselkhozbank, the Moscow credit bank, Novikombank, Devon Credit bank, Vega-Bank, Yenisei Bank, I.D.E. A. Bank, the Moscow and Parisian bank, the Central European Bank, Adamon Bank, Corea ekschendzh Rus bank, etc.

2020: A seizure of property of the ex-management of the Central European Bank for 748 million rubles

In the middle of July, 2020 the Arbitration court of Zabaykalsky Krai arrested property of the ex-management of the Central European bank deprived of the license for 748 million rubles, having satisfied the claim of Deposit Insurance Agency (DIA).

As declared in the Central Bank of the Russian Federation, by August 1, 2018 Centralno-Evropeyskogo bank issued guarantees in the amount of more than 6.5 billion rubles that exceeded the size of own means of credit institution by 9 times. Formalistic approach to assessment of activity of principals led to significant growth in losses which were connected with obligation fulfillment on the provided guarantees, including judicially.

The court arrested property of the ex-management of the Central European Bank

Besides, as approves the regulator, owing to carrying out extremely risky credit policy on balance of bank the considerable volume of low-quality assets was formed. Proper assessment of the credit risk accepted by bank revealed significant decrease in the size of its own means (capital) and existence in its activity of the bases for implementation of measures for warning of insolvency (bankruptcy) that created real threat to the interests of his creditors and investors.

According to the resolution of Arbitration court of Zabaykalsky Krai, the actual circumstances demonstrate existence of potential threat of possible non-execution of the judicial act which was taken out based on consideration of the application of the receiver about collecting from the former top managers of losses.

Earlier edge arbitration granted the application of the Bank of Russia for recognition of the Central European bank insolvent.

The Central Bank of the Russian Federation repeatedly applied to the Central European bank of a measure of supervising influence. The regulator noted that heads and owners of bank did not take effective measures on normalization of its activity.^[1]

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