Media: Bank of Russia revoked the license of Vneshprombank

Media: Bank of Russia revoked the license of Vneshprombank


According to a source, the funds at the Bank and holding “Novorossiysk sea trading port”, which is controlled by Transneft and Summa group.

MOSCOW, 20 Jan. The Bank of Russia revoked the license of Vneshprombank, wrote on Wednesday evening newspaper “Kommersant” on results of session of Committee of Bank supervision of the Central Bank.

According to the latest estimates, the “hole” in the Bank’s balance sheet approximates to 240 billion rubles, which is almost equal to his balance. Thus, Vneshprombank became the record holder for the size of the “holes”, significantly ahead of the previous leader — Anatoly Motylev, the loss of a banking group which amounted to slightly more than 100 billion rubles.

Initially, the regulator was skeptical about the issue of rehabilitation of Vneshprombank, however, creditors of the Bank tried to insist on it. According to sources, was the most active in the matter of rehabilitation showed the group O1, which is in December — shortly before a critical situation at the Bank became public, he provided it with a subordinated Deposit in the amount of 3 billion rubles. According to sources of the edition, O1 in the Bank “freezes” more than 10 billion rubles.

A source at the market informed that the funds in the Bank and was holding “Novorossiysk sea trading port”, which is controlled by Transneft and Summa group. The source of Kommersant familiar with the situation notes that the understanding that the Bank rehabilitation has no economic feasibility, it was before the New year, however, the largest creditors insisted on rehabilitation.

Even if we apply the mechanism of bail-in (used in the sanitation of Bank “Taurian” and Fundservicebank, when a part of the obligations to the creditors is converted into capital of the Bank, and, accordingly, the amount of state support is reduced, in the case of Russia all the same amount of state support would be overwhelming. In this situation, from an economic point of view it is cheaper to pay off depositors-individuals.

On 1 December the volume of deposits of individuals in Russia amounted to 72 billion roubles. In December the Central Bank before deciding what to do with the Bank, introduced a moratorium on satisfaction of creditors ‘ claims that an insured event. Payments to the Deposit insurance Agency promised to start from January 11.