Rossiyskiy Credit, one of the banks owned by Anatoly Motylev, was appointed to partly rehabilitate My Bank. Mortgage, Marat Kashapov, chairman of the National Bank of Bashkortostan, said at a press conference, a Banki.ru correspondent reported.
In order to solidify the financial standing of My Bank. Mortgage Rossiyskiy Credit will buy some assets and obligations of the Ufa-based lender. In particular, the partial rehabilitator will assume all obligations to retail deposit holders on the same terms, including interest rates on deposit accounts and their terms. A decision on corporate deposit accounts has not yet been adopted.
The total amount of obligations to be assigned to Rossiyskiy Capital equals Rub 3.26 bln (as of February 12). The amount of Rossiyskiy Capital’s offer is Rub 1.13 bln.
The Deposit Insurance Agency (DIA) assessed possible payments to My Bank. Mortgage deposit holders, if the bank’s license is revoked, at around Rub 3 bln.
My Bank. Mortgage deposit holders will officially become holders of deposit accounts at Rossiyskiy Credit as of March 12, 2014. At the same time, Rossiyskiy Credit will get some assets of My Bank. Mortgage in the form of rights of claim to loan agreements and real estate. The credit portfolio is to be transferred at the book value.
All divisions of the Ufa-based lending institutions will also be assigned to Rossiyskiy Credit, after which the bank will go through rebranding with all logos and images to be fully replaced. Also the partial rehabilitator pledges to update the bank’s retail lineup. All My Bank. Mortgage employees will retain their jobs, Rossiyskiy Credit pledges.
