The Russian Central Bank can offer begin to transfer to the Fund the consolidation of the banking sector not only in need of rehabilitation of banks, but also normal working. About it as writes the newspaper “Vedomosti”, said the first Deputy Chairman of the Central Bank Dmitry Tulin, who since October 17, is responsible for banking supervision.

“There are conceptual ideas, such as the work with the so-called tired owners. These people have entered into the banking business a long time, for them this business is almost a family, and come out of him is almost impossible. To sell does not work – there is no demand to close the Bank is almost impossible, to transfer the business to no one, money for development is no more. We hope that through Fund consolidation we can help the owners with dignity to get out of the business,” said Tulin.

According to him, the former owners transferred to a Fund of credit institutions will be able to get them for a stake in a larger Bank, while the Fund will merge their assets, similar to transactions with deferred obligations.
And the former owners of the Fund given to the banks will be able to get them for a stake in a larger Bank in the process of combining assets, similar to transactions with deferred obligations.

It can happen, “say, in two years, if the credit portfolio, which it has transferred, will be served”, said Tulin.

The IMF also said that the idea to help the bankers get out of business appeared in connection with fears that these people can start to commit unethical actions, seeing no way out of this situation.

“In 2013 is something unusual: many people – owners, managers – make things that we from them did not expect. Fund consolidation may be an opportunity for them just to stay”, – quotes the edition.

Co-owner of Binbank, Mikhail Shishkhanov explained to the edition that the difficult economic situation in the banking and other markets is the effect of “shareholder fatigue”.

“The transferability perished banks to the resolution Fund is very timely,” he said. He called the measure a way to prevent more serious problems in a particular Bank.

The Central Bank will help the bankers “beautifully to leave”, taking their banks 19.11.2016

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