The Bank of Russia has approved amendments to the plan of the Central Bank's participation in the implementation of measures to prevent the bankruptcy of MInBank JSC. This is stated in the message of the regulator.
The amendments provide for the allocation of financing by the Bank of Russia for the bank's recapitalization. The amount of financing in the amount of 34.9 billion rubles is determined in such a way that the fair value of the bank's assets will correspond to the volume of its liabilities.
Work with problematic and non-core assets of the bank will continue from its balance sheet. Thus, these assets will not be transferred to the Trust Bank Group (PAO).
Also, the further strategy of the Bank's financial recovery provides for the Bank of Russia to make 100% of the bank's shares as a property contribution to the property of the DIA Group at a cost of 1 rub. and the subsequent transfer of the said shares to the state Treasury of the Russian Federation by the DIA Group. It is assumed that no later than May 2023, the bank will be joined to PJSC Promsvyazbank, in case the Government of the Russian Federation decides to include MINBANK shares in the authorized capital of Promsvyazbank.
As part of the preparation of the bank for transfer to the State Treasury of the Russian Federation in December 2021, representatives of the Bank of Russia and CC FCBS LLC resigned from the Board of Directors of the Ministry of Finance.
The Ministry of Finance will continue to work in the standard mode and fulfill all its obligations to customers. The earlier decision of the Bank of Russia on guaranteeing the continuity of the activities of the Ministry of Finance remains valid.
