Mikail Shishkhanov's B&N Bank has won a tender held to select a lending institution that will buy some of assets and liabilities of Probusinessbank, whose license was revoked on August 12, 2015, the Bank of Russia's press service reported on Thursday.
"In line with the approved plan B&N Bank will be provided with obligations to over 330,000 deposit holders for a total of Rub 25 bln," the regulator said. B&N Bank should begin to serve Probusinessbank deposit holders no later than August 26, 2015.
Last week the Central Bank of Russia revoked Probusinessbank's license and introduced temporary administration represented by the Deposit Insurance Agency (DIA). The state-run corporation should pick a company, within two weeks after the license is cancelled, that will buy some of 'real' assets and liabilities of Probusinessbank (part of financial group Life).
The regulator assessed Probusinessbank's real assets at Rub 27 bln, while a gap in its balance sheet is valued at Rub 67 bln.
As Banki.ru learned, Alfa-Bank, B&N Bank, Rosgosstrakh Bank and Khanty-Mansiysk Otkritie Bank were about to purchase some of Probusinessbank's real assets and liabilities.
A Banki.ru source close to the bank's temporary administration said that the bank was to select an investor for Probusinessbank on August 19, 2015, but the decision was postponed until Thursday.
As part of the Bank of Russia's approved plan for the DIA to take part in settling obligations to Probusinessbank's creditors, the buyer will need no funds of the regulator or of the state-run corporation as the investor will be responsible for the obligations to Probusinessbank's deposit holders using the bank's 'real' assets.
