The negative difference between the liabilities and assets of under-rehabilitation Baltiyskiy Bank equaled around Rub 33 bln, Alfa-Bank management board chairman Andrei Sokolov said at a press conference.
“We have so far been planning to do away with a gap, which was found at the bank, of roughly Rub 33 bln. We’ll get an understanding of what leads to losses, bad loans and the withdrawal of assets. For the time being, we’ve just entered the bank, familiarized ourselves with the staff and are going to work on the matter," Sokolov said.
A credit facility from the State Depositary Insurance Agency (DIA) to Alfa-Bank in order to rehabilitate Baltiyskiy Bank totaled about Rub 58 bln.
Until November 1, 2014 the temporary administration jointly with the rehabilitating bank, based on CBR’s order, should thoroughly examine Baltiyskiy Bank in order to find reasons behind a gap in the bank’s balance sheet.
