Moscow. December 22. The CBR introduced from 22 December, the moratorium on satisfaction of requirements of creditors of Vneshprombank for a period of three months, according to a press release of the Central Bank.
Moratorium imposed “in connection with satisfaction of requirements of creditors under liabilities within the terms exceeding seven days after the date of satisfaction”.
In a press release it is noted that in accordance with the law “On insurance of deposits of physical persons” the moratorium is an insurance case. Payments to depositors of Vneshprombank, including individual entrepreneurs, shall be made within 14 days from the date of introduction of the moratorium.
The order of payment of insurance compensation will be determined by the state Corporation “Agency for deposits insurance” (DIA).
Earlier, the Central Bank in Vneshprombank appointed a temporary administration for a period of 6 months. This decision was accepted in connection with decrease of own funds compared to their maximum value reached in the last twelve months, more than 30% at simultaneous infringement of one of the mandatory standards.
December 16, Vneshprombank admitted that fixes the delay on operations of transfer payments for up to two days. The Bank recorded a pre-wish to receive donations for a few working days ahead. However, the Bank denied the shutdown of the credit institution by the Central Bank from the Banking system of electronic payments (BESP), as reported by the experts on the forums of Bank analysts.
In early December the group “O1” Boris Mintz gave the Bank a subordinated Deposit in the amount of 3 billion roubles for 5 years.
On Friday, 11 December, Moody’s lowered the long-term ratings of Vneshprombank on deposits and senior unsecured debt in foreign and national currencies from “B2” to “B3”. Moody’s noted weak Bank’s ability to absorb losses, low capital adequacy ratios and declining profitability, and a high appetite for credit risk.
According to the Central Bank, Vneshprombank at the end of November broke the capital adequacy ratio N1.0, N1.1 and N1.2.
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). In the first three quarters of 2015, the Bank occupies 34-e a place on volume of assets in ranking “Interfax-100” made “Interfax-CEA”.