The media learned about the failure from VEB plans to sell “GLOBEKS” and Sviaz-Bank

Vnesheconombank (VEB) decided on the fate of subsidiary banks — “GLOBEKS” and Communication-Bank and cancelled plans for the sale, writes “Kommersant” with reference to its sources.

As it became known to edition, few days ago took place the meeting of head of the Central Bank Elvira Nabiullina and the head of Vnesheconombank Sergey Gor, where it was agreed that in the near future the sale of Svyaz-Bank and “GLOBEKS” will not. “It was decided that the topic of the transfer of banks the Deposit insurance Agency finally closed, banks remain VEB at least a year, to be exact, until, until the opportunity to sell their market to the investors”, — said VEB is close to the source.

Another interlocutor of the newspaper said that at the same meeting was approved the mechanism of recapitalization of banks, which is necessary for the creation of reserves following a recent inspection by the Central Bank.

Earlier on 30 March, the newspaper “Vedomosti” reported the details of the plan of measures on increase of financial stability of the Bank, who presented the new head of Vnesheconombank Sergey Gorkov. One of the points of this plan, the publication called the VEB’s willingness to sell distressed assets, including Ukrainian Prominvestbank, Russian Sviaz-Bank and GLOBEXBANK.

Saturday, 16 April, Finance Minister Anton Siluanov said that President Vladimir Putin ordered to allocate 150 billion rubles to Vnesheconombank from the so-called presidential reserve, which was formed due to the freezing of pension savings of citizens.

The decision to allocate VEB 150 billion rubles, Prime Minister Dmitry Medvedev said on March 29, but he did not specify from which funds the money. Previously, the newspaper “Vedomosti”, with reference to its sources reported that the government allocated 150 billion rubles is already included in the financial plan of the VEB for 2016.

In December 2015, Finance Minister Anton Siluanov estimated the salvation of VEB, which was in a difficult economic situation, 1.34 trillion rubles.