Gazprombank can get the status of a state bank, but will not receive money

The extraordinary general meeting of Gazprombank shareholders voted for more than 50%an increase in the authorized capital of the bank - by 10 billion rubles (the authorized capital of Gazprombank is 19.9 billion). In recent years, among banks of this level, only VTB in the crisis 2009 had such a large -scale increase in the authorized capital, when the state redeemed the Dopamy of VTB 180 billion rubles, Kommersant recalls.

However, unlike VTB, Gazprombank will not receive “living” money to capital. Dopamics shares will be used to convert into them a subordinated debt of Gazprombank from VEB for 90 billion rubles, a 32.5 billion loan from the Gazfond NPF and Gazprom - by 7.5 billion. The maximum amount of emission can reach 190 billion rubles.

If the VEB approves the converting of a subordinated loan into the capital of Gazprombank, then its share in the issue of 130 billion rubles will be 17.6%. At the same time, Gazprombank will not only acquire a new quasi -state shareholder represented by VEB. The control in it will go to structures directly controlled by the state (the joint share of Gazprom and VEB will exceed 50%).

For creditors of the bank in subordinated debt, the benefits of its conversion in the action are not so obvious. Instead of investment with guaranteed profitability, they will acquire investments without a return guarantees and with non -enrolling yield.

Other players may want to follow the example of Gazprombank, and this is fraught with destabilization of market discipline, experts say. Recall that in a crisis, 17 banks received support from VEB in the amount of 404 billion rubles in the form of ten -year -old subordinated loans.

Gazprombank - the second largest debt borrower VEB, only a loan only for VTB: 200 billion rubles.