Why Promsvyazbank was hit

15 December 2017, 11:48 | Economy
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The Central Bank introduced a temporary administration in Promsvyazbank. This was reported by the press service of the Bank of Russia. Investors should not be afraid of this, since there will be no negative consequences. This measure is designed to sanitize the credit organization, and also improve its work for a continuous flow of finance. "As part of measures aimed at increasing the Bank's financial stability and ensuring the continuity of its activities in the banking services market, it is planned that the Bank of Russia will participate as an investor using the funds of the Fund for the Consolidation of the Banking Sector," the message says.. It is noted that the Central Bank will supervise the company in the future until the crisis is completely overcome. At the same time, the Bank of Russia stressed that there are no restrictions on the satisfaction of loans. Thus, the undertaken measure will not affect the depositors and the work of the bank in any way.

In the call center of the company, according to RIA Novosti, they said that customers are serviced as usual and anyone can easily open a deposit, take out money, take a loan and use other services. Earlier it was reported that the Central Bank demanded to invest in the reserve fund Promsvyazbank 100 billion rubles.

Experts said that such an amount the organization does not have and this can cause the collapse and bankruptcy of the company. Representatives of the company said that there were no requirements to them, and the company's chairman assured that the interests of clients and the entire banking sector will not suffer.

Promsvyazbank ranks 10th among Russian banks with assets of 1.4 trillion rubles. In summer, analysts claimed that the organization is in crisis and needs help.




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