PRIME-TASS. The Deposit Insurance Agency (DIA) has assessed Bank Potential, based in the Samara region, which is under rehabilitation, at Rub 1.00, DIA first deputy general director Valery Miroshnikov told Prime-TASS.
At present, Bank Potential is merging with Rossiysky Capital, which as part of the process intends to issue additional shares and upsize its charter capital by Rub 1.17, converting the shares of to-be-taken-over Bank Potential.
“By and of itself the bank (Bank Potential) costs nothing as it holds very bad assets and has negative capital," Miroshnikov pointed out.
Currently, Bank Potential’s shareholder is DIA (99.99%). “As we as a shareholder assessed the bank at Rub 1.00, this does not violate the rights of minority shareholders," the DIA official noted.
Bank Potential is planned to be folded into Rossiysky Capital, which is also under rehabilitation, as a separate branch.
For the record, in January 2012 DIA provided Rossiysky Capital with a Rub 300 mln subordinated loan as part of the takeover procedure, after obtaining consent from the Bank of Russia the loan was added to the bank’s capital.
Rossiysky Capital and Bank Potential are subsidiary banks of DIA that carries out rehabilitation of these lending institutions. Both banks are members of the national deposit insurance system.
