The British banks have deduced on stability islandthe Scheme of the financial help given by the British government to the largest banks of country Royal Bank of Scotland (RBS), Lloyds TSB and HBOS, has been published yesterday. The government gives to banks £ 37 mlrd, in exchange it can receive 40 - 60 % of their actions. The prime minister - minister Gordon Brown has declared that in hard times the government should be “ stability island “ for the citizens then actions natsionaliziruemyh banks have fallen on 16 - 30 %.
the Government of Great Britain declared yesterday details of the scheme of rendering of the financial help to the largest banks of the country - RBS, Lloyds TSB and HBOS. As they say in the yesterday`s statement, “ the government carries out investments into capital RBS and after merge in HBOS and Lloyds TSB for a total sum £ 37 mlrd “. As has explained on a press - conferences the British prime minister - minister Gordon Brown, the government will enclose in RBS £ 20 mlrd, in united HBOS and Lloyds TSB - £ 17 mlrd (the arrangement on merge between HBOS and Lloyds TSB has been reached on September, 18th). Within the limits of transaction RBS acquires the right to involve from the means government in size £ 5 mlrd in exchange for preference shares and £ 15 mlrd - in exchange for usual. If the British government realises the scheme of the help to banks in full, to it will belong about 60 % RBS and 43,5 % united Lloyds TSB - HBOS.
the Government will appoint the representatives in boards of directors of these banks. It is already declared forthcoming resignation of management RBS - the chairman of board of directors of sir Toma Makkillopa and the general director of sir Freda Goodwin. In resignation general director HBOS Andy Hornbi and the chairman of board of directors lord Dennis Stevenson also leave.
the prime minister - the minister of Great Britain Gordon Brown has declared that it “ the unprecedented measures, which acceptance it is necessary in an unprecedented situation “ Simultaneously having assured that purchase of actions of banks is a provisional measure. “ we do not have interest in management of the British banks, we are interested in strengthening of their financial position. We invest for maintenance of the future of bank system and economy stabilisation - money will allow banks to continue the work “ - mister Brown has declared, having added that in hard times the government should be “ stability island “ for the British citizens. The British prime minister also has declared that the state allocates means to banks under several conditions: councillors of directors will not receive bonuses following the results of a year as banks receive tax money; while banks will not return the public funds enclosed in them, under actions of banks dividends will not be paid.
experts have carefully estimated actions of the British government. As Peter Dikson from Commerzbank, " has declared in interview BBC; We will see absolutely other bank sector. Banks cannot, as earlier, to accept the risks concerning the capital “.
Investors have reacted at once to messages on actual nationalisation RBS, Lloyds TSB and HBOS - their actions at the auctions in London have fallen to 16, 19 and 30 % accordingly, however, the exchange index of Great Britain FTSE 100 against the general enthusiasm on the European share platforms (p. 15 more in detail see) has grown on 5,7 %. The statement of large British bank Barclays that it will do without the help of the government and will independently involve £ 6,5 mlrd, has allowed its actions to grow yesterday in the price for 4,5 %.