THE BANKRUPTCY PROCEDURE OF THE BANK "PRIORITY" HAS BEEN COMPLETED IN SAMARA

On November 12, 2024, the Samara Arbitration Court completed the bankruptcy procedure of Priority Bank (case No. A55-23933/2014). The decision to terminate the bankruptcy proceedings was made on November 11. The procedure lasted about 10 years after the organization lost its license.

During the last stage of the litigation, 807.129 million rubles were allocated for payments to depositors. That is, about 92.3% of the total volume of the stated requirements was satisfied. However, the bank's employees themselves, as well as corporate clients, including legal entities and private entrepreneurs, did not receive their funds. The debt to them, amounting to more than 471 million, has not been covered.

The bank, formerly known as Rosar-Bank and Pride Capital, was founded in 1994. Later, it moved to its current name and became one of the most important regional financial structures. Among its largest shareholders was Natalia Kutukova, who owned 19.98% of the shares. The co-owners of the bank were also Alexander Gladchenko and Georgy Makarov, who owned 14.81% and 10.65% of shares, respectively.

The Central Bank of the Russian Federation has deprived Priority of the right to engage in banking activities due to loss of liquidity. The Organization was unable to fulfill its financial obligations.

In 2019, the arbitration court recovered about 0.5 billion in losses from the former heads of the bank. In particular, the former chairman of the Management Board and the first deputy chairman were brought to financial responsibility. But it did not work out to collect this amount from them. By this time, all of them had already been declared insolvent.

The process of eliminating the "Priority" has been completed. Its liquidation balance sheet was approved by the regulator in October 2024. This was the final stage in the long history of his bankruptcy.