“Binbank” in the framework of the reorganization will be written off shareholders ‘ funds 226 million dollars
Rehabilitated with the participation of the commercial Bank “b & n” will write off a portion of its subordinated liabilities on 226,56 million dollars, announced Wednesday, October 4, the Central Bank.
“The adequacy ratio of core capital (N1.1) “Bank” has reached the level below 5,125% in aggregate for six and more operational days during any 30 consecutive operating days (from 19 to 24 September),” – said in a statement, quoted by “Interfax”.
If the Bank’s capital adequacy falls below a certain level or when you run the Agency on insurance of contributions of measures on prevention of bankruptcy, would be unable to be taken into account in capital of the credit institution.
According to the Bank reporting under IFRS, at the end of June it was the capital of the first level of the order of 13.4 billion rubles of subordinated loans and perpetual subordinated deposits.
The newspaper “Vedomosti” reminds us that the co-owner of Binbank, Mikhail Shishkhanov said that he has subordinated deposits in the Bank in the amount of “100 million dollars”.
The Bank and other subordinated obyazatelstva in 2015, the Agency on insurance of contributions (ASV) provided a “Binbank” subordinated loan of 8.8 billion rubles in the framework of the state program of capitalization of banks. Another 9 billion rubles received “MDM-Bank”, which was merged with “Binbank”.
The cancellation will occur within the financial recovery “of the Bank”, the beginning of which the Central Bank announced on September 21. Then it was reported that the owners of the Bank Mikhail Shishkhanov, Mikhail Gutseriev contribute to the transfer free from the collateral assets in a number of industries.
He said that the Bank group “the Bank” will require 100-150 billion rubles for zarezerwowane loans. The Chairman of the Central Bank of Russia Vasily Pozdyshev called other amount 350-350 billion, stating that this preliminary assessment.
On 2 October it was reportedthat Binbank can be attached to the “Opening”. That prospect, on Monday drew the first Chairman of the Central Bank Dmitry Tulin. But it will not happen immediately, first formed permanent bodies of management “FC Opening” headed by Mikhail Zadornov. Earlier, the Central Bank hoped to prepare both taken to reorganize the Bank for sale will be in two years.