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Agency for deposits’ insurance to pay 51 billion roubles

December 13, 2013, 13:33 UTC+3 (Adds details) ¶ MOSCOW

Money to cover indemnities to clients of banks, which licensed are revoked Friday

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MOSCOW, December 13. /ITAR-TASS/. Russia’s Agency for deposits’ insurance says indemnities to the clients of banks, which licenses were revoked on Friday, will make 51 billion roubles.

The indemnities for Investbank make 29.4 billion roubles, for the Project Finance Bank - 12.3 billion roubles, and for the Smolensky bank - 9.3 billion roubles, the agency reports.

The data is based on the banks’ official reports. The agency will verify the amount within next seven days as indemnities are registered.

The indemnities are due to be available no later than on December 27, the agency says.

The authority reports about the insured events on December 13, 2013 at Investbank, Smolensky bank, and Project Finance Bank, whose licenses the Central Bank revoked on Friday.

The banks are participants in the system of obligatory insurance of deposits, where every client has a right to receive without delay the indemnity, regulated by the federal legislation.

The indemnity is payable to every client, in the amount of maximum 700,000 roubles. The money in excess of the indemnity may be payable over a bank’s liquidation.

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