The DIA will allocate Investtradebank assistance in the amount of 29.7 billion rubles

The DIA will allocate Investtradebank assistance in the amount of 29.7 billion rubles


Also provides for the provision of Agency financial assistance to the investor in the form of a loan to maintain liquidity in the amount of 19.5 billion rubles for a period of 2 years under the provision, stated in the Agency for Deposit insurance.

MOSCOW, 15 Oct. The Agency on insurance of contributions (ASV) within the framework of the readjustment of the position will provide support to the Bank in the amount of 29,7 billion rubles for a period of 10 years, the report said DIA.

Earlier, the Bank of Russia approved amendments to the plans of the DIA in the implementation of measures on prevention of bankruptcy of the three banks (Investtradebank, VUZ-Bank and Wokbench). The DIA on the results of competitive selection chosen by the investor when sanitizing Investtradebank Transcapitalbank.

“In accordance with changes in the participation of the DIA in the prevention of Bank failure will be allocated by the Agency of financial assistance to cover the imbalance between the fair value of assets and the carrying value of the Bank’s liabilities in the amount of 29,7 billion rubles for a period of 10 years under the provision”, — stated in the message of the DIA.

In addition, there is provision of Agency financial assistance to the investor in the form of a loan to maintain liquidity in the amount of 19.5 billion rubles for a period of 2 years under the provision. Further planned reorganization of Investtradebank in the form of its merger with the investor in the period before October 1, 2025.

According to RIA rating, the position occupied as at 1 July 61 place among Russian banks by assets in the amount of 131,2 billion.