MOSCOW, October 12. /TASS/. Subordinated bonds of the Bank holding owners, all subordinated debt will be written off, said the Deputy Chairman of the Bank of Russia Vasily Pozdyshev in the TV channel “Russia 24”.
Bank expects to recover the funds spent on the improvement of the Bank “Discovery”
CB: on the improvement of the Bank and FK “Opening” have 800-820 billion
“Subordinated instruments “Discovery” of old differ from those of subordinated instruments “Binbank” the fact that part of subordinated instruments “Open” market is held by investors not affiliated with the Bank. In the case of “Binbank” these subordinated instruments were the property of the owners “of the Bank. They will lose,” he said.
B & n previously said that the write off subordinated debt of $226,56 million due to the reduction adequacy of core capital .
The Bank “FC Opening” on October 10 wrote off the subordinated bonds for $200 million in connection with a reduction in the adequacy ratio of core capital.
Pozdyshev did not rule out that part of the written off debts thus FK “Opening” can be returned to investors by the court. “The situation related to potential lawsuits, it is the place to be. It stems from the fact that the legislation and regulations that define this particular class of financial instrument, which should be written off or converted, appeared not so long ago. The liabilities of these banks are financial instruments that were concluded before the entry into force of this legislation,” he said, noting that the judicial practice claims for refund would be new issues.
“FC Opening”, and then the Bank became the first banks in the capital of which for recovery, the Central Bank will be included as the main investor and will provide financial support at the expense of established this summer to Fund the consolidation of the banking sector.