The Supervisory Board of Vnesheconombank approved the recapitalization of the Corporation at 150 billion rubles, and considered measures to increase its financial sustainability. About this newspaper “Vedomosti”, which was in the plan of measures on increase of financial stability of the Bank. It is expected that money from the budget, and the Central Bank converts the debt of VEB’s subordinated loan.
According to the approved plan, prepared for the meeting of the Supervisory Board team the new Chairman of Vnesheconombank Sergey Gor, the liquidity of the Corporation will receive from everyone associated with the state. From Federal Treasury it is planned to obtain a Deposit of 55 billion rubles in addition to already provided 45 billion. Also suggested that national welfare Fund has extended beyond June 50-billion Deposit, in the alternative, proposed to replace him by a Deposit of Gazprombank. From state companies and state corporations is expected to open accounts on which they will place funds, and it is assumed the allocation of compensation funds of self-regulating construction organizations. At least another 100 billion rubles expect to receive from pension savings — at the expense of the Russian Pension Fund, managed by the VEB as a state managing company. This money is proposed to be placed in long-term bonds of VEB.
In addition, VEB is also willing to part with a share in “Gazprom”. Now he owns a 2.7 percent stake in the company. On the basis of quotations of the London stock exchange, on March 29, they were worth $ 1.3 billion.
The state Corporation also plans to sell part of troubled assets — the Ukrainian Prominvestbank, rehabilitated Sviaz-Bank and GLOBEXBANK. On the balance sheet of Vnesheconombank are the cars and planes of its leasing subsidiary, and the assets obtained in the framework of projects that can be transferred to a closed mutual Fund.
In addition, they will audit governance structure “VEB capital” and prepared proposals for the implementation of the retail leasing business. Finally, it is proposed to limit spending to charity: for the current year is 1 billion rubles.
With the need for urgent recapitalization of VEB faced two years ago. Its need for additional capital was estimated at 1.1 trillion rubles up to 2020. This is due to the government’s plans to use the VEB to Finance large-scale projects of level Sochi 2014.
In 2014, the Bank received a record loss, which amounted to 250 billion rubles. His capital was reduced by a third, to 378,6 billion.
