The Prosecutor General’s office protested the introduction of temporary administration in the Bank “Ugra”

The Prosecutor General’s office protested the introduction of temporary administration in the Bank “Ugra”


MOSCOW, July 19. /TASS/. Russian Prosecutor General’s office appealed the decision of the Central Bank on the introduction of interim administration in the Bank “Ugra” and a three-month moratorium on satisfaction of requirements of creditors of the Bank. About TASS said the official representative of the Prosecutor General Aleksandr Kurennoy.

In addition, he stressed that the interim administration will result in damage to the Federal budget in connection with insurance payments for the sum more than 170 billion rubles, will reduce the availability of credit to small and medium businesses, speed up inflationary pressures and worsen the investment climate in the country.

The state office of public Prosecutor demands to cancel the orders of the Central Bank on the introduction of moratorium on satisfaction of requirements of creditors of the Bank “Ugra” and assigned to Agency on insurance of contributions (ASV) the functions of the provisional administration to manage the Bank.

Payments to depositors

As reported TASS a source citing a letter from the Prosecutor General’s office of the Central Bank, the Agency proposes to suspend payments to depositors of the Bank “Ugra”.

“Offer for the period of consideration of a protest to suspend the activities of temporary administration on management of PJSC “Bank “Ugra” and the implementation of insurance payments to depositors of the Bank”, – quotes the letter of the Agency.

According to him, the letter stated that the Prosecutor General’s office asking the Bank of Russia to inform about the results of consideration of the protest in writing before July 21.

A Prosecutor’s office protest is subject to obligatory consideration not later than within ten days since its receipt. In exceptional circumstances, according to the Law on Prosecutor’s office, demanding immediate elimination of the violation of the law, the Prosecutor has the right to establish a reduced term of consideration of the protest. About results of consideration of the appeal shall be immediately reported to the Prosecutor in written form. In this case, the exceptional circumstance for a reduced term of consideration of the protest could be the beginning of DIA payments to depositors of the Bank “Ugra” on July 20.

The moratorium was introduced by the Bank of Russia from July 10, 2017. His decision regulator explained the precarious financial situation of the credit institution.

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