Russian banks have published reports for the first nine months.
Inside the Russian banking system, risks associated with the possible withdrawal of clients' money from a number of credit institutions are still very real. It follows from the Monday by Raiffeisenbank with reference to the Central Bank.
Those who have not redeemed the shares, won't get the money, the Central Bank explained.
The Bank of Russia suddenly became concerned about the creation of a mechanism for the recovery of independent pension funds. Experts cynically suggest that there is no money there.
The Central Bank informed about the dynamics of the banking sector in September.
Under the terms of the Central Bank, the shareholders of FC Otkrytie will lose their rights to own the 25% stake promised to them after the financial recovery, if the interim administration reveals negative capital in the bank.
The bank of the Ananiev brothers is following the steps of Otkritie Bank.
Personal money of the managers will be spent to save the bank.
In the opinion of Vasily Pozdyshev, the deputy head of the Central Bank of the Russian Federation, the bank's administration simply "misjudged the risks".
Ordinary Russian taxpayers will have to pay for the problems of the oligarchs' banks.
The largest bank failures in Russia in the last 10 years.
In 2015, Otkritie bought up 74% of the issue of Eurobonds Russia-30, after which it manipulated their price and overstated the value on the balance sheet.
65 billion rubles allocated by the state to support Otkritie Bank can be written off.
Over the last nine years, the Otkritie Group with the governmental help has become the largest player in the banking market.
In connection with that, the Bank of Russia intends to pump up emergency loans into them.
The Russian banking system is gradually devolving into a "black hole" that devours the state money at a rate of trillion rubles a year without any signs of stabilization.
The insurance company and the bank of the same name, which belong to Danil Khachaturov, have been transferred to the owners of Otkritie and, ultimately, the government; for free, but with impressive debts.
The new owner of the former leader of the third-party car insurance market in Russia , the Central Bank's Consolidation Fund, may need tens of billions to keep afloat. The expected loss of the insurance company in the next 2 years is 100-150 billion rubles.
The Central Bank of the Russian Federation has already invested 330 billion rubles in Otkritie Bank, now it has to waste at least 800 billion rubles more.
This would be the first project of the banking consolidation fund.
It buys shares of the sister bank and, perhaps, gives it loans.
Less than two months have passed since ACRA assigned a rating to the bank, but it can reconsider it.