Date: 4 months ago   Category: Finance

The court has declared Yugra bank bankrupt — Rambler News Service


The court has declared Yugra bank bankrupt
Photo: globallookpress.com/jugra.ru Arbitration court of Moscow has declared Yugra bank bankrupt and appointed receivership, the correspondent of RNS from the courtroom tells. "To recognize as insolvent (bankrupt) of PJSC Yugra Bank... to open concerning Yugra bank bankruptcy proceedings for a period of one year. To assign functions of the receiver of PJSC Yugra Bank to the "Deposit Insurance Agency" state corporation, to stop powers of temporary administration... to oblige the carried-out obligations of temporary administration of PJSC Yugra Bank to transfer within 3 days to the receiver accounting documentation of the debtor" — the judge has told. The judge has added that the receiver should "bring till August 24, 2019 into arbitration court the report on carrying out bankruptcy proceedings". On July 10, 2017 the temporary administration has been entered into Yugra bank, on July 28, 2017 the credit institution has lost the license. The Central Bank noted that activity of bank "was based on financing of the business projects connected with beneficiaries of credit institution at the expense of borrowed funds of natural persons by means of issuance of credits to the companies which scales of activity didn't correspond to the volume of the obtained credits". Later the former chairman of the board of Yugra Dmitry Shilyaev has challenged introduction to bank of temporary administration and revocation of license, having filed statements of claim in Arbitration court of Moscow. On March 15 the Ninth arbitration Court of Appeal has rejected the appeal of Yugra on the decision of Arbitration court of Moscow which recognized on December 18 the decision on revocation of license as lawful.

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