Moscow. December 16. Vneshprombank on December 1, has violated all norms on the capital group “O1” Boris Mintz gave the Bank a subordinated Deposit in the amount of 3 billion rubles, writes “Kommersant”.
According to the publication, according to 135-th reporting forms, available at the disposal, Vneshprombank on 1 December broke all three capital adequacy ratio: N1.0 dropped to 7,84% (the required level for not less than 10%), N1.1 – to 3,76% (not less than 5%), N1.2 – to 5,42% (not less than 5.5%). The decrease was due to the creation of reserves on demand by the Central Bank on the sidelines in Bank check.
While the Bank noted that the next day was able to restore standards through the increase of capital by attracting a subordinated Deposit in the amount of 3 billion rubles from “O1” Boris Mintz at 12% per annum.
Vneshprombank belongs to the 19 participants, 18 of them with shares less than 10%. The largest shareholders – open company “the Priority” (13.89 per cent), the Governor of the Bank Larisa Markus (7.5%) and Alexander Zurabov (8.2 per cent).
According to experts, the cost of recapitalization, which helped to make them not affiliated with the Bank Boris mints, suspiciously small for this level of the Bank rate of 12% on the subordinated loan is very low. In “O1” announced only that this subordinated Deposit is the placement of available funds with the aim of obtaining a fixed income.
According to the newspaper, participants of the market do not exclude that the Bank will require financial improvement, and in this situation the provision of a subordinated loan may be of advantage to the creditor.
Vneshprombank in the first three quarters of 2015 took 34 th place by volume of assets in ranking “Interfax-100” made “Interfax-CEA”.
Moody’s on Friday lowered long-term ratings of Vneshprombank on deposits and senior unsecured debt in foreign and national currencies from “B2” to “B3”. Moody’s notes the weak Bank’s ability to absorb losses, low capital adequacy ratios and declining profitability, and a high appetite for credit risk. The Bank is distinguished by a strong concentration of funding, the Agency thinks.