VTB Bank might purchase the rights of claim under Probusinessbank's corporate loans, a source close to Probusinessbank told Banki.ru.
To remind, the Bank of Russia revoked Probusinessbank's license on August 12, 2015. "The regulator preliminarily valued a gap in the lending institution's balance sheet at over Rub 67 bln, while really assets totaled Rub 62.8 bln (meanwhile, according to the bank's financial statement, its assets were equal to Rub 133.7 bln). Along with the revocation of Probusinessbank's license the Bank of Russia approved a plan for the Deposit Insurance Agency (DIA) to settle the lending institution's liabilities, which also provides for the selection of a state-run corporation that will buy some of Probusinessbank's assets and obligations.
As a Banki.ru interviewee said, VTB Bank could acquire Probusinessbank's corporate credit portfolio. Pursuant to the financial statement of Life Group, as of July 1, 2015 the corporate credit portfolio totaled Rub 11.8 bln, down nearly 16% YTD. The aggregate credit portfolio is slightly higher than Rub 27 bln.
The Banki.ru interviewee thinks that this deal could be profitable for VTB Bank as its corporate lending rates are around 20%, while those of Probusinessbank average 25%.
VTB Bank's press service denied information about the possible assignment of Probusinessbank's rights of claim.
Banki.ru previously reported that B&N Bank (the lending institution could place a bid), Credit Bank of Moscow and Sovcombank were eying Probusinessbank.
