“OTKRITIE holding” approved a credit line from the Bank “trust” 47 billion rubles
Shareholders “the opening of the Holding” has approved the receipt of a non-revolving line of credit from a Bank trust with a limit of 47 billion rubles, follows from materials “the opening of the Holding”.
“The provision of Bank money (credits) is part of a nonrevolving credit line opened by the Bank to the borrower for a period until November 30, 2025, with a limit of indebtedness in the amount of 47 billion rubles”, – stated in the message.
From materials follows that the new credit line is furnished in connection with the reissuance of previously concluded between “Discovery Holding” and the Bank credit agreements was 48 billion rubles with maturity in 2021. “It was effectuated the merge of the current debt by signing an additional agreement to the loan agreement of January 18, 2017”, – stated in the materials.
The interest rate on the loan – the key rate of the Central Bank of Russia +2.5% per annum.
CBR in December 2014 adopted the decision to sanitize “trust” with the help of the DIA; ; was chosen the Bank “FC Opening” in recovery “Trust” of 127 billion rubles. However, at the end of 2015 “Open” applied to the DIA for additional funding in the amount of about 50 billion rubles in light of the fact that the “hole” in the Bank’s balance sheet was larger than previously estimated.
“OTKRITIE holding” was the key shareholder of the Bank “FC Opening”. Currently, “Discovery” is a procedure of financial recovery through controlled Bank Fund consolidation of the banking sector. On reorganization of “Opening” the Central Bank announced on August 29. According to the new resolution mechanism, the Bank of Russia becomes the main owner of the rehabilitated Bank and subsequent sale to a private investor. The regulator has promised to support and soundness of the financial organizations and the specialized services group of the Bank.
Earlier in December, the Bank of Russia approved changes in the terms of their participation in the reorganization of the Bank “FC Opening”, which provided for the recapitalization of the credit institution on 456,2 billion. The recapitalization does not involve financial assistance to the Bank “trust”.