The Ministry of Finance is studying the possibility of increasing the size of the capital Promsvyazbank

MOSCOW, April 25. /TASS/. The Finance Ministry is exploring the possibility of a capital increase of PSB in connection with the possible provision of liquidity to Russian companies under sanctions by the Bank. The journalists said Deputy Finance Minister Alexei Moiseev.

“We are calculating the validity and after all we understand the need. Naturally, the more capital the Bank has, the better. But in this situation, while not necessary, but we studied,” said Moses, answering the question about the possibility of increasing the Bank’s capital to provide liquidity to Russian companies targeted by the sanctions.

According to Finance Minister Anton Siluanov, PSB can obtain from other credit institutions up to 1 trillion rubles of loans to enterprises of the defense industry.

In this scheme the transmission Promsvyazbank capital from serving the state defense order banks will take into account the positions of Sberbank and VTB, credit organizations opposed the original scheme of transfer of capital, Moiseev said.

“They are objecting to the scheme, which was proposed originally. The new scheme will be developed taking into account the position of the savings Bank and VTB” – he said.

Earlier, the head of VTB Andrey Kostin said that VTB will give Promsvyazbank loan portfolio and customer – enterprises of the military-industrial complex, first came under sanctions. According to him, transfer will not only loans but also assets.

Promsvyazbank, which is from December 15, 2017 saniyede through the Fund’s consolidation of the banking sector, was appointed as a reference Bank for operations under the state defense order and large state contracts. The head of the credit organization is planned to appoint the head of the Russian export centre Peter Fradkov.