The Central Bank has approved the recapitalization of PSB at the expense of FCBS
The Bank of Russia approved amendments to the plan of reorganization PSB PSBR, providing for the recapitalization at the expense of the Fund on the consolidation of the banking sector (VCBS), the regulator reported. S&P left “PSB” on the negative review, downgraded the rating of “Revival”
“The Bank of Russia approved amendments to the participation plan of the Bank of Russia in the implementation of measures on prevention of bankruptcy of public joint stock company Promsvyazbank, which provides for the capitalization of the Bank at the expense of the Fund on the consolidation of the banking sector”, – stated in the message.
It is noted that in accordance with the requirements of the legislation of the Russian Federation is the basis for the termination (swap, conversion) of PSB obligations on subordinated loans (deposits, loans, bonded loans) and for the termination of monetary obligations to the managing employees of the Bank and its controlling persons.
The Bank of Russia last week announced a reorganization of the PSB, the beneficiaries of which are the brothers Dmitry and Alexey Ananeva, through the management company of the Fund the consolidation of the banking sector (VCBS). Central Bank decided not to impose a moratorium on satisfaction of requirements of creditors, and the Bank continues to work normally.