” Russian Central Bank Secretly Transferred 20 Billion Rubles to Genbank”

According to Vedomosti newspaper, on the account of Genbank at the beginning of the year there were about 20 billion rubles. 

The representative of the Deposit Insurance Agency (DIA) confirmed the publication that in February the state corporation granted the bank 11.3 billion rubles. for 15 years to cover the imbalance, 4.87 billion for 15 years to increase capitalization and 4.1 billion for 6 years to maintain liquidity.

It is noted that the Central Bank refused this method of banking recovery a year ago.

As it became known, the Russian Central Bank and the DIA did not report earlier on the allocation of the loan.

Last year it was reported that the Central Bank approved the investor of the Crimean Genbank.