CB called “controlled” the situation in the banking sector of Tatarstan


The Bank of Russia assessed the situation in the banking sector of the Republic of Tatarstan after the withdrawal of licenses from several banks in the region, including the second largest assets of Tatfondbank. “The situation in the banking sector of the Republic under control,” — said the first Deputy Chairman of Bank of Russia Dmitry Tulin on Friday, March 3. “We analyzed the information attack on the support the Bank (“AK bars”. — ) and understand that most likely it was a manifestation of unfair competition. The situation in the banking sector of the Republic under control,” he said.

“Tatfondbank reorganized credit institution (the”Soviet” and the timer Bank) showed greater stability than the turnaround. We will support the rehabilitated banks of the group of Tatfondbank”, — said the first Deputy Chairman of the Central Bank.

According to him, the CBR back in may of last year I realized that the situation in Tatfondbank heavy, “its capital has been lost, at any moment could come the loss of liquidity.” “From now on, we negotiated with the management of the Bank, its shareholders, including the government of the Republic of Tatarstan. There were assurances that the shareholders will not leave the Bank in trouble, but nevertheless, the outcome of these negotiations proved to be unsatisfactory,” he said.

The Central Bank deprived of licenses from three banks in Tatarstan

At the end of November the Bank management said that they have no opportunity to provide the Bank with financial assistance, said Tulin. According to him, shareholders have offered very limited support.

“Consent to participate in the mechanism of bail-in, agreed, in writing only two legal entities. And the total amount of the Bank’s liabilities to these entities totaled just over 5 billion rubles”, — said the Chairman of the Central Bank Olga Polyakova.

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