The Bank also plans additional capitalization of PSB on 130 billion rubles
The Bank also plans to further capitalize PSB PSBR 130 billion due to redemption of OFZs from the balance sheets of the rehabilitated banks, after which the process of capitalization of all the commitments on Bank rehabilitation to be completed, told journalists the Chairman of the Central Bank Vasily Pozdyshev.
“We assume additionally for the recapitalization of PSB another 130 billion rubles. This will be done by Federal loan bonds, which the Central Bank buys from the balance sheets of the rehabilitated banks. These OFZ bonds will be made to the DIA, the same BFL will capitalize PSB” he said.
Pozdyshev added that after that, the capitalization of all the commitments on Bank rehabilitation to be completed. According to him, the Central Bank of the Russian Federation in the framework of the reorganization allocated to the liquidity of the “Otkrytie”, Bank and PSB 710 billion rubles, 418 billion and 330 billion rubles.
The Bank of Russia last year took on the reorganization through a management company FCBS three major Russian Bank “Otkrytie”, Bank and Promsvyazbank. In mid-March, the Central Bank approved the plan of its participation in financial rehabilitation of “Growth Bank” and “Trust” and thereby brought these banks from the perimeter “FC Opening” and of the Bank.
Earlier on Monday, Pozdyshev said that the bad Bank and non-core assets will be based on “Trust”, it will work as a direct investment Fund.
Pozdyshev also said that CBR will Promsvyazbank non-core and distressed assets and the assets of the former owners. “We will pursue the separation of balance sheets. If you remember, within the group PSB two banks Promsvyazbank and AVTOVAZBANK, who was on rehabilitation through the old mechanism of rehabilitation through DIA. Will the division of balance,” he said.
“He Promsvyazbank will be divided. Assets associated with the former owners, the non-core assets, the problem will be transferred along with the balance of AVTOVAZBANK in the first group – “Opening” and of the Bank. These assets will also be divided into good and bad. The good will go to good banks, which will be formed on the basis of OTKRITIE Bank, bad and non-core assets will join the Bank’s balance of non-core assets,” said Pozdyshev.
In January it became known that on the basis of PSB will create a reference Bank for operations for defense procurement and major government contracts. Banking support of the state defense order will be implemented simultaneously with the regular operations of the Bank.