the Moscow Arbitration court declared the Bank “Union” bankrupt at the request of the Agency on insurance of contributions (ASV), it follows from the court’s decision.

the CBR in October 2018 revoked the Bank’s license and appointed a temporary administration to manage banks.

the Bank entered the Deposit insurance system.

According to the provisional administration, the value of Bank assets is 4 619 355 thousand rubles, and liabilities – 4 504 128 thousand.

Financial analysis of Bank “the Union” showed that the amount recognized by the liquidator of creditors exceeds the value of the property (assets) of the Bank on 1 764 942 thousand.

Thus, the value of the property (assets), OOO “KB “Union” are insufficient for execution of obligations to creditors, indicating the presence of signs of bankruptcy, it is noted in the court’s decision.