The capital of the Bank at the end of November was negative 36.4 billion rubles
The capital of rehabilitated Bank at the end of November was negative to 36.4 billion rubles, down for the month of 61.9 billion rubles, according to statements on the company published on the website of the Central Bank.
The Bank is in the process of financial recovery through controlled Bank Fund consolidation of the banking sector (VCBS). On reorganization of the Bank, the regulator announced on September 21. According to the new resolution mechanism of the Central Bank becomes the majority owner of the rehabilitated banks with subsequent sale to a private investor. Zadornov: the merging of “Discovery”, the Bank and PSB are discussed
According to the financial recovery plan, during the period of interim administration, the authorized capital of the Bank is provided in accordance with the amount of own funds, and if they are negative, the share capital reduced to one ruble, that is, in fact shares in the Bank the previous owners reset. In addition, the force of law subordinated loans rehabilitated banks, in case of their negative capital must either be written off or converted into equity.
If on November 1, the own funds of the Bank amounted to 25,4 billion rubles on 1 December, the Bank recognized negative capital in the amount of 36.4 billion rubles.
Negative equity “Growth Bank”, included in the group of the Bank, on 1 December was 367,6 billion. In January-November, “Rost Bank” recorded a loss 277,5 billion, as analyzed information of the Central Bank RIA Novosti head of the analytical Department of the Bank BKF Maxim Osadchy.
While negative equity “Growth Bank” for November fell to 168 billion rubles. “Rost Bank” was used as a trash – Bin has thrown off its toxic assets in the hundreds of billions of rubles,” – said the analyst.