Date: 4 months ago   Category: Finance

Kostin estimated losses of VTB from introduction of the interim administration in Ukrainian "subsidiary" — Rambler News Service


VTB will not suffer considerable losses from input of temporary administration in Ukrainian "subsidiary", the head of VTB Andrey Kostin said in an interview to Bloomberg TV. "We will lose not so much as we already created the main reserves earlier. It is absolutely unique situation. All standard legal principles were broken. Mister Kolomoysky who disappears now because itself stole the huge sum in the bank achieved seizure of our assets and actions in Ukraine, having brought some charges against the Russian authorities" — Kostin told. He added that the new management of the Ukrainian subsidiary of VTB will be able to return all deposits to investors if competently disposes of means. At the same time he emphasized that VTB could almost not work at Ukraine. "We very much tried to pay deposits to our clients in full, and for 90% we managed it. Today we needed to pay only about $100 million. If the new management correctly disposes of these means, I am sure that they will be able to pay all deposits to both private clients, and the companies. Of course, if they sell for 1/5 costs, the situation can be another. It is not such a large sum. We with pleasure would make it, but, unfortunately, did not allow us — and all this because of the policy of the Ukrainian authorities" — Kostin added. On November 28 the Ukrainian Fund of Guaranteeing Deposits of Individuals (FGDI) made the decision on introduction of the interim administration in "subsidiary" of the Russian VTB Group in Ukraine after the National Bank of Ukraine recognized credit institution as insolvent. The fund told that are engaged in search of banks which can be interested in a conclusion of Ukrainian "subsidiary" of VTB from the market.

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