Arbitration Court declared TEMBR-Bank bankrupt

The day before, the Arbitration Court made a decision to declare “Commercial Fuel and Energy Interregional Bank for Reconstruction and Development” (TEMBR-Bank) JSC insolvent. The company is in the top 200 Russian banks.

The issue of the insolvency of a financial organization was initiated in July last year by the liquidator of the company - the Deposit Insurance Agency (DIA).

The consideration of the case was repeatedly postponed, however, in mid-May, the arbitration court nevertheless came to the conclusion that it was necessary to introduce bankruptcy proceedings.

The bank lost its license in the fall of 2020. Then a court decision to liquidate the financial organization was made. The process was initiated by the Central Bank of the Russian Federation, and one of the reasons for this decision was the protracted corporate conflict.

At that time, the balance of TEMBR-Bank's funds on a correspondent account with the Main Directorate of the Bank of Russia was less than 450 million rubles, and the credit institution was among the top 200 Russian banks in terms of its assets.

Now the parties of the bankruptcy case have a month to challenge the decision, after which, in the absence of complaints, the bankruptcy trustee will proceed to the procedure for selling the debtor's property. The next court hearing is scheduled for May 2023.