To improve liquidity management, the Bank offered to sell a package of high-quality loans in the amount of 30 billion rubles, and the buyer of these loans will be Sberbank, writes Vedomosti, citing its sources.
Financial Director of the savings Bank Alexander Morozov, said that such an option could be considered but concrete proposals were not received. “VEB is a good part of the credit portfolio, and theoretically, if he needs the liquidity, we could consider the possibility of buying high quality assets which meet our quality requirements for credit risk”, — he said.
The interlocutors of “Vedomosti” difficult to name, which loan portfolio is being prepared for sale.
Previously the newspaper wrote that the new Chairman of Vnesheconombank Sergey Gorkov has submitted a plan of measures on increase of financial stability of the Bank. According to the plan of Gor, VEB proposed to capitalize from the budget (the government will allocate to support VEB 150 billion roubles) and funds of the Central Bank, which needs to convert Bank debt into subordinated loan — it can be included in tier II capital. In addition, VEB is planning to get an extra Deposit on 55 billion rubles from the Federal Treasury and the extension from NWF expiring in June Deposit 50 billion rubles (or its replacement by Deposit of Gazprombank).
About 100 billion rubles VEB expects to receive from the retirement savings account placement of funds of the Pension Fund, the Bank is also ready to sell the share in “Gazprom” (he owns 2.7% of its shares, which, according to the London stock exchange, on March 29, cost $1.3 billion) and the share of problem assets.
According to the newspaper “Kommersant”, the original amount of assistance requested by the Corporation, to 1.5 trillion rubles, Finance Minister Anton Siluanov in December 2015 was assessed salvation VEB 1,34 trln rbl. is Not excluded that the Bank can expect to receive in 2016 300 billion rubles from the national welfare Fund (NWF). This was announced in mid-March from the Ministry of Finance published the draft of new rules for allocation of the Fund on the deposits of the Bank.
The government has decided to support the recapitalization of VEB in 2016 150 billion rubles, about this on March 29, said at a meeting of the Supervisory Board, Prime Minister Dmitry Medvedev. Before this announcement, the newspaper “Vedomosti” wrote that the government to allocate 150 billion rubles is already included in the financial plan of the VEB for 2016.