VTB in the far East began to make payments to depositors of the Bank “Ugra”

Moscow. July 20. INTERFAX.RU – depositors of the Bank “Ugra” in the far East, on Thursday began receiving their payments, but so far only one of the five branches of agent banks, passed the correspondent of Agency “Interfax – far East” from the buildings Bank branches.

Thursday before the opening of one of the major branches of VTB Bank, located in Vladivostok city centre, gathered about 20 people. Employee on questions from the audience replied that the payments begin. Then people got coupons electronic queue.

Sberbank, the Agency reported that the far Eastern branch of the Bank in payment is not involved, but was advised to wait a few days and re-apply at the beginning of next week.

Representatives of the offices of agricultural Bank and “Opening” for payments sent to VTB, saying that while their credit institutions to depositors of the Bank “Ugra” is not working.

As previously reported, on 10 July, the Bank of Russia introduced a temporary administration in the face of the Agency for Deposit insurance to the Bank “Ugra” , included in top-50 Russia’s largest credit institutions, in connection with its precarious financial situation and the existence of a threat to interests of creditors and depositors.

Temporary administration on Bank management is introduced for a period of six months. For the period of its activity the powers of the shareholders in connection with the participation in the share capital and powers of the management company “Ugra” is suspended.

At the same time, the Bank of Russia from July 10, imposed a moratorium on satisfaction of requirements of creditors of the Bank for a period of three months. By law, the moratorium is insured.

Previously, as agents were selected from five banks – Sberbank , VTB 24, Rosselkhozbank, “Opening” and “URALSIB” . This was done “to expedite payments and create comfortable conditions for receipt of reimbursement of depositors,” the DIA reported.

The payment of compensation to depositors of the Bank “Ugra” has to begin on Thursday, July 20.

At the same time, the CBR has received a protest of the Prosecutor General, challenging the legality of the actions of the regulator in respect of the Bank “Ugra”. In protest of the state office of public Prosecutor asks 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.

“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”. 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.