Experts: alternative energy may be used widely in the ArcticBusiness & Economy July 28, 15:50
Trials of second Yasen-class nuclear-powered submarine begin in RussiaMilitary & Defense July 28, 15:39
Aircraft carriers, amphibious ships, and GEVs key to Russian Navy’s futureMilitary & Defense July 28, 15:23
Blackout on Russian mainland leaves Crimea in the darkBusiness & Economy July 28, 15:22
Restrictions on number of US diplomats in Russia to take effect September 1 — diplomatRussian Politics & Diplomacy July 28, 15:21
Poll reveals Russians enjoy Aivazovsky’s paintings more than other artists’ worksSociety & Culture July 28, 14:49
US ambassador expresses strong disappointment with Russian Foreign Ministry’s decisionWorld July 28, 14:42
Russia's central bank keeps key rate at 9%Business & Economy July 28, 13:47
Press review: Exiled Saakashvili to fight Poroshenko and Pentagon's chance to improve tiesPress Review July 28, 13:00
MOSCOW, March 3. /TASS/. Current situation in the banking sector of the Russian region of Tatarstan is under control, First Deputy Chairman of the Central Bank Dmitry Tulin told reporters on Friday.
"We thoroughly analyzed the situation and used all channels, including information attacks against Ak Bars [Bank] and Internet transmittals. [We] came to the conclusion that attacks were highly probably the sign of unfair competition. The situation in the banking sector of Tatarstan is generally under control," Tulin said.
The Bank of Russia revoked licenses from Tatarstan’s Tatfondbank, Intechbank and Ankor Bank from March 3. According to reporting statements, Tatfondbank was one of the largest banks in the region, ranked 42nd in the Russian banking system. All the banks are participants of the deposits insurance system.
Tatfondbank will unlikely repay 1.4 bln rubles ($24 mln) received from the Russian Finance Ministry in January 2016 within the additional capitalization program framework, Junior Vice President of Moody's rating agency Mariya Malyukova told TASS on Friday.
"Tatfondbank received 1.4 bln rubles as a subordinated debt accounted for the Tier Two capital. Considering that the capital serves exactly to absorb losses, the probability of repayment is minimal for these funds," she said. At the same time, specific conditions of support provision should be considered, Malyukova said.
Furthermore, holders of Tatfondbank bonds worth 17 bln rubles ($290.9 mln) may demand repayment of funds "within the framework of bankruptcy laws according to their priority after introduction of a bankruptcy manager," she added.