Arbitration recognized Mi-Bank bankrupt

The Moscow Arbitration Court, at the request of the Central Bank of the Russian Federation represented by the Moscow GTU of the Bank of Russia, recognized as insolvent the "International Investment Bank" ("Mi-Bank", Moscow).

According to Interfax , the court opened bankruptcy proceedings against the bank for a period of one year and appointed the bankruptcy trustee for deposit manager.

The court left without consideration the statement of the chairman of the board of directors of Mi-Bank Gitas Anilionis on the deposition of a bankruptcy case. Anilionis motivated his request by the fact that the shareholders and the Board of Directors of the Bank turned to Vladimir Putin and the prosecutor’s office to clarify the situation on the bank, so the chairman of the board of directors asked to postpone the consideration of the case until the audit and the head case was completed.

The representative of the Central Bank said that the bank’s obligations that were not fulfilled within 14 days exceed 8.2 million rubles. The temporary administration revealed the second sign of bankruptcy: the bank’s assets value amounted to about 544 million rubles, while obligations exceeded 1 billion rubles. Therefore, the Central Bank and the Provisional Administration were asked to recognize Mi-Bank bankrupt and approve the bankruptcy trustee of the DIA.

In early April, with reference to the chairman of the Russian Student Union, Artem Khromov, it was reported that thousands of students can be expelled from Moscow State University because of Mi-Bank’s bankruptcy, through which they paid for training.

"The learning funds paid by thousands of students were not transferred by the bank to the university’s account, as a result, the management of the educational institution requires students to re -pay for training, threatening to expel them otherwise," Khromov said then.

The problems of the Mi-Bank began on March 1 after posting on the website of the Central Bank of the Information "On sending the bank a requirement to grant a petition to terminate the right to work with deposits." As a result, the Bank serving Moscow State University had to temporarily stop receiving payments, which indirectly said that in the near future the bank could become bankrupt. According to Khromov, the leadership of Moscow State University did not manage to inform students in a timely manner that payment of training through this bank would not be accepted. The bank received money and did not warn about the start of bankruptcy proceedings, the total amount transferred to the bank account amounted to about 300 million rubles.

The report of the Central Bank of the Russian Federation says that Mi-Bank pursued a highly risked credit policy and did not comply with the requirements of the Rossiy Bank of Russia. In connection with the loss of liquidity, the bank did not ensure the timely fulfillment of obligations to creditors, as well as individuals to transfer funds. The leadership and owners of the bank did not take measures for its financial improvement, the Central Bank notes.

Mi-Bank has been operating since 1994, it closes the fifth hundred Russian banks in terms of assets. In 2003, the bank entered the international group Makarios, which owns 82.13% of the Mi-Bank shares. The Moscow Region company Almaz owns 17.9% of the bank's shares.

Mi-Bank is known for lending to students of a number of metropolitan universities to pay for training, funds were allocated from the target government fund for this.