The Central Bank will provide for the rehabilitation of BALTINVESTBANK 32.3 billion rubles


Moscow. December 24. The Bank of Russia will provide for the rehabilitation of BALTINVESTBANK 32.3 billion rubles under the provision, according to the Agency for Deposit insurance.

Including BALTINVESTBANK will be allocated 21.3 billion rubles ($10.9 billion rubles for a period of 10 years, 1.4 billion rubles for a period of 6 years, 9 billion rubles for a period of 2 years), the investor when sanitizing – Absolut Bank – 11 billion rubles for a period of 10 years.

Earlier Thursday, the CBR reported that the DIA has recognized the Moscow Absolut Bank the winner of the competition for investors ‘ measures for prevention of bankruptcy of BALTINVESTBANK (St. Petersburg). The DIA for the credit of the Bank of Russia should provide the BALTINVESTBANK financial assistance to cover the imbalance between the fair value of its assets and the carrying amount of the Bank’s liabilities, as well as to maintain liquidity.

The issue of BALTINVESTBANK began in late October due to the outflow of liquidity due to withdrawal of corporate funds. In mid-November, the Bank came to check the Central Bank and the Deposit insurance Agency, the inspection lasted until the end of the month.

The Bank of Russia in November has suspended transfers of funds of clients-legal entities of BALTINVESTBANK in the budgets of all levels. Also credit organization suspended operations on Bank cards.

Absolut Bank in the first three quarters of 2015 takes 37th place in terms of assets in ranking “Interfax-100” prepared “Interfax-CEA”, BALTINVESTBANK – 77-e a place.