Moscow. July 20. INTERFAX.RU Agency for Deposit insurance published a report on the early payments to depositors of the Bank “Ugra”, which suddenly appeared in doubt, as the order of the Central Bank of the Russian Federation about these payments appealed the Prosecutor General’s office.
“On 20 July began payment of insurance compensation to depositors of PJSC Bank “Ugra”, – stated in the message on the website of the DIA.
Informed that payments began in the far East and in other regions of Russia, have informed the correspondent of “Interfax”.
The first starts paying VTB 24, which implements them, in particular, in Vladivostok. In VTB 24 said that the Bank expects applications from 104 thousand depositors of “Ugra” and total payments will amount to 66.5 billion rubles.
The situation with the Bank
The Bank “Ugra”, the main owner of which is businessman Alexei Khotin, on the end of the first quarter took 33 place in terms of assets and 12th place by the volume of funds of natural persons in the ranking “Interfax-100”.
10 June, the Central Bank introduced the Bank a temporary administration and a three-month moratorium on satisfaction of creditors ‘ claims. The interim administration within six months should check the assets and liabilities of the Bank to make a decision about his future – rehabilitation or revocation of the license.
On June 1, individuals kept in the Bank deposits in the amount of 181,5 billion rubles, of which the potential payments to depositors are estimated at 169,2 billion.
The Protest Of The Prosecutor General
On Wednesday evening, hours before the start of insurance payments to depositors of the Bank, it became known that the Prosecutor General’s office challenged the legitimacy of the actions of the regulator in respect of the Bank “Ugra”. The Central Bank said it will consider the protest and prepare their position.
In protest, GP requests to cancel the orders of the Central Bank on the introduction of temporary administration in the Bank “Ugra” and the moratorium on satisfaction of requirements of its creditors. About results of consideration of the protest, the Prosecutor General’s office asked the Central Bank to inform the Supervisory authority prior to July 21, and during the period of examination is to suspend the activities of the transitional administration and the implementation of insurance payments.
The Prosecutor General’s office indicated that the Central Bank in the implementation of oversight and inspections, “Ugra” has not revealed violations of mandatory standards and, thus, grounds for the appointment of an interim administration in the Bank are missing.
The oversight office notes that the main shareholder of “Severstal” in 2016-2017 repeatedly carried out the capitalization of the Bank, and invested about $1 billion. According to the prosecution, the interim administration will result in damage to the Federal budget in connection with the implementation of insurance payments in the amount of about 170 billion rubles, will reduce the availability of credit to small and medium businesses, speed up inflationary pressures and worsen the investment climate.
This is the first case where the Prosecutor General’s office appealed the Supervisory measures of the Central Bank towards the Bank.
The Central Bank, commenting on the Supervisory response measures. against the “Ugra”, said that the Bank had evidence of the unreliability of reporting, as well as signs of withdrawal of assets and manipulation of the deposits.