CB will sign an agreement on compensation for potential losses on MBC with an additional 8 banks

Bank of Russia has sent a proposal to conclude an agreement on partial compensation for possible losses on interbank loans (ICB) has eight banks. Recall that such agreements already exist with 15 banks. In addition, in the conclusion is an agreement with Bank of St. Petersburg. This was reported by the Department of External and Public Relations of the Central Bank. In accordance with Article 3 of the Law № 173-FZ "On Additional Measures to Support the Financial System of the Russian Federation," Bank of Russia for the period from October 14, 2008 to December 31, 2009 (inclusive) may enter into agreements with lending institutions, according to which the Bank Russia undertakes to compensate for the credit institutions of the losses (expenses) arising from them to perfect during the said period, transactions with other lending organizations, who had a revoked license for banking operations. According to the report, the Bank of Russia has sent proposals for concluding agreements URSA Bank, Bank Petrocommerce, TransCreditBank, Absolut Bank, Bank "Ak Bars", Khanty-Mansiysk Bank, ING Bank (Eurasia) and Citibank. As the fourth in May 2009 the Bank of Russia signed an agreement with the following organizations: UniCredit Bank, Gazprombank, VTB, Alfa-Bank, Sberbank of Russia, International Industrial Bank, Nomos-Bank, Rosbank, Uralsib, Russian Standard Bank, MDM Bank, Bank of Moscow, PSB, Raiffeisenbank and EBV. During the contract period from 14 October 2008 to April 30, 2009 banks held more than five thousand offset transactions that fall under the criteria of the Central Bank, amounting to over 1.131 trillion rubles. In April this year, interbank loans under the agreements received 136 credit institutions. In this case, the average daily amount of debt in April was about 31 billion rubles. During the course of agreements, there was one "insurance" case where a credit institution fails to back the interbank credit lending bank. In accordance with the signed agreement, the Bank of Russia posted a creditor bank, "compensation" deposit, which is five days later was returned to the Bank of Russia after the repayment of arrears by the borrower. Portal Bank.ru Materials Rihanna.