The Ministry of Finance upheld the decision of the VTB24 to transfer his quota on FB for the population Sberbank

MOSCOW, August 22. /TASS/. The Finance Ministry confirmed the redistribution of the quotas of the Bank VTB24 in the production of the public Federal loan bonds (OFZ-n) in favor of Sberbank. About this TASS according to the Ministry.

“The Ministry of Finance confirms the reallocation of the quota VTB24 on OFZ-n to Sberbank,” – said TASS in the press service of the Ministry of Finance.

As previously reported by TASS source in the financial market, the volume of the quota on FB-n which VTB will give to the savings Bank, will amount to 1 billion rubles.

According to the source Agency, the failure of VTB24 from their unfulfilled quotas for national bonds stems from the fact that the main demand for OFZ-n is already satisfied, and the Bank is more profitable to offer their products and not to provide liquidity to the Ministry of Finance.

The Ministry of Finance started to place OFZ-n in April, the first tranche of 15 billion rubles was implemented in about a month. In June the Ministry of Finance started the implementation of the second tranche of the same amount, of which the quota of Sberbank amounted to 8.2 billion rubles, and VTB – 6.8 billion rubles.

Representatives of VTB and Sberbank declined to comment on the transfer of quotas. The representative of the savings Bank only told TASS that on Monday August 21, the state Bank sold OFZ-n of 7.9 billion rubles.