MOSCOW, February 17. CBR has set the VEB hard condition: the Corporation’s subsidiary banks – Svyaz-Bank and Globex – should be capitalized amounting to about 27 billion rubles to 1 March, the newspaper “Kommersant”.
VEB to sell GLOBEXBANK and Svyaz-Bank ACB at market value
According to one of interlocutors of the edition, the due diligence process of the banks to transfer their “daughter” ACB Bank “Russian capital” has stalled due to the fact that the web is not passed to “Globex” and Sviaz-Bank in the capital of 27 billion rubles, allocated for this purpose in the summer of 2015 from the profits of the Central Bank.
“The regulator requires zarezerwowane of Svyaz-Bank at 16 billion rubles, and the Bank “Globex” is worth about 10 billion rubles, – said another source. – Last week held a meeting in the Central Bank, where it was stated that this issue must be settled as soon as possible”.
According to one of interlocutors of the edition, at a meeting with Prime Minister Dmitry Medvedev on February 3 issue of the transfer of subsidiary banks, VEB was filmed for the reason that first needed to fulfill the condition of the Central Bank.
In January, the web has posted on its website a plan to solve their problems with the assistance of the Central Bank. In particular, the question was about what the web will give their banks the DIA, and it will repay part of the debt of VEB to the Central Bank on 212,6 billion rubles Is the balance due on the loan for the restructuring of Svyaz-Bank and “GLOBEKS” received from VEB in 2008. By transferring banks, the VEB would reduce the debt to the Central Bank about 33 billion rubles, and the remainder to the credit of the Central Bank would be converted into perpetual subordinated liabilities in the capital of the Bank.
The banking system of the Russian Federation has lost in 2015, almost one hundred banks
The Central Bank has every reason to insist on recapitalization “GLOBEKS” and Communication-Bank. In the summer of 2015 just that the Bank transferred 15% of its profits to the Bank.
VEB does not mind to fulfill the requirement of the Central Bank to speed up their own salvation, but funds for the recapitalization of subsidiaries, indicate the sources. “The source does not waive the requirement of the Central Bank for recapitalization of its subsidiaries, however, to do this quickly is impossible,- tells a source close to the VEB.- For such procedures it is necessary to conduct the Supervisory Board of VEB, and it is not quick; second, Vnesheconombank should solve serious problems in Ukraine (the decision on the capital increase of its Ukrainian subsidiary by $746 million) and to find available 27 billion roubles now it is difficult, especially in the context of the impending change of leadership when it’s not even clear who should take these decisions”.