Total deposits 160 banks, deprived of licenses from 1 January 2014 to March 25, 2016, amounted 849,8 billion rubles, reports “Russian news service” referring to the “Agency for deposits insurance” (DIA). Of this amount of 740 billion rubles were returned to the clients.
The volume of deposits not covered by insurance reached 110 billion rubles. According to the assurances of the DIA, that money is partially returned to the depositors in the process of carrying out bankruptcy proceedings. Meanwhile, assets of credit institutions may not be enough to compensate all the damage and large corporate clients from among individuals
Deputy head of the analytical Department of the Association of Russian banks Sergey Penkin stressed that the process of withdrawal from the Russian market of unscrupulous banks in the country was necessary. “What appears to be a recovery for the banking system, can have negative consequences for the economy as a whole. But we must understand that without this process you cannot get along, and this sacrifice is largely inevitable,” he said.
Previously, the DIA reported that the damage from criminal actions of the managers and owners of Russian banks since 2005 has exceeded $ 550 billion. The value of assets in the liquidated banks on average only 10 per cent of their book value. More than 80 per cent of cases the causes of the bankruptcy are criminal in nature and related to withdrawal of assets.
