The Central Bank will issue another 100 billion rubles to the Trust bank due to a monetary issue

The Trust bank, on the basis of which the Bank of Bad Debts is now being created, will require more than 100 billion rubles due to the new monetary issue from the Central Bank, writes Finanz.ru .

“The Central Bank sanctified the largest players starting from the third quarter of 2017, receiving many assets in the process. It passed almost a year, and the quality of these assets worsened, the value of some assets decreased, as new problems were discovered,” the Reuters source close to the Opening group, which “Trust” included before the reorganization.

According to the agency, the decision will be made within a week. The amount has not yet been determined, but it is “at least 100 billion rubles” - money is needed both for replenishing capital and to ensure the solvency of the bank. As a result of new injections, from the beginning of the year, 472 billion rubles will reach the total support of Trust. The first tranche - 372 billion - he received in March with Rost -Bank.

Their association, as planned by the Central Bank, will allow the first “Bank of Bad Assets” in Russia, where “FC Opening”, “Promsvyazbank” and “AvtoVAZBank” will be transferred.

Both banks at the end of the first quarter had negative capital in the amount of 167 billion rubles ("Trust") and 413 billion rubles ("growth"). Infusion into these banks will most likely turn into new significant losses for the Russian Central Bank, warns the international rating agency Fitch. Last year, the Central Bank completed with a record loss in its history - 435 billion rubles, of which 400 billion had to be depressed by assets.

Since August 2017, the Central Bank spent on the support of three large banks - “Opening”, “Promswzbank” and “Binbank” - and several smaller 2.6 trillion rubles, the head of the regulator Elvira Nabiullina said in an interview with Reuters in June.

In 2015, Growth Bank was taken for reorganization by Binbank, which since September 2017 itself fell under the financial recovery procedure through the controlled Central Bank of the Consolidation of the Banking Sector (FKBS). Earlier it was reported that the problems of the Bank Growth of Bank’s reorganization turned out to be more serious than expected, and Binbank was noticeably subsided. Trust Bank was a member of the Otkritie FC Bank, which in August 2017 also went to rehabilitation at the FKBS.

The creation of the Fund for non -core assets and "bad" debts is scheduled for July. The Central Bank will become its owner. It is assumed that a new institution for Russia will work at least three years as a direct investment fund. Currently, the Central Bank estimates the total size of the “bad” assets of 1.1 trillion rubles. Approximately the same amount is estimated by liabilities of the non -core assets fund, which will become his debts to the Central Bank.

Recall that the Bank of “Bad Debts” in world practice is called a credit institution that redeems problem loans and non -core assets from other banks on an overestimated evaluation (and usually at a public account and, accordingly, incurred planned losses to increase the capitalization of these banks. This is a classic scheme that was used in many countries.