Rus News Journal

ASV starts to pay for Eurasia - the Center

Banks

State corporation Agency on insurance of contributions (ASV) since October, 22nd begins payments of insurance compensation to investors of the Moscow commercial bank Eurasia - the Center have informed yesterday in ASV. The bank of Russia has withdrawn on October, 10th at bank Eurasia - the Center - the participant of system of obligatory insurance of contributions - the licence for realisation of bank operations (see from October, 9th). Compensation is paid to the investor at a rate of 100 % of the sum of its contributions in bank, but no more than 700 thousand rbl. in aggregate. In the presence of obligations of the investor to bank their sum is subtracted from the sum of contributions. Under the bank contribution to foreign currency insurance compensation is paid in roubles at the rate of Bank of Russia for October, 10th. The sum which has been not compensated by the insurance, is repaid during bank liquidation. For payment of insurance compensation can address, by estimations ASV, nearby 2200 persons, the total sum of insurance payments will make 436 million rbl.

Former head Sodbiznesbanka has written off losses
Federal arbitration court of the Moscow district has rejected appeal ASV about collecting from the former chairman of the board Sodbiznesbanka of the Novel Petrov of losses at a rate of 539,25 million rbl. of Sodbiznesbank has been recognised by the bankrupt on June, 23rd, 2005. Some months prior to licence withdrawal the bank has given out Open Company credit the Capital insurance society . A day before licence withdrawal the insurance company has extinguished the credit to bank bills, which as the claimant confirms, have not been transferred the competitive managing director (see from May, 14th).


the First Deutsche Bank has asked about the help
As have informed yesterday German mass-media, the ground bank of Bavaria BayernLB becomes the first bank in Germany which will address for the help within the limits of a government program providing allocation 500 mlrd on support of financial institutions (the corresponding law has come into force on Friday). As the Minister of Finance of Bavaria Ervin Huber in interview to newspaper Bild, the supervisory board of bank which he heads has told, will gather on Tuesday to discuss demand details. As he said, it is a question of billions euro . the State will receive a share in bank and a corresponding vote - he has added. Mister Huber has not specified, what sum can request BayernLB, but, according to the Munich newspaper Sueddeutsche Zeitung, it is required to bank 3 - 5 billion