Qiwi announced the blocking of 9 billion rubles in Qiwi Bank – Kommersant

Qiwi announced the blocking of 9 billion rubles in Qiwi Bank - Kommersant

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Qiwi Group (MOEX: QIWI) reported that it plans to continue working, despite the revocation of the license from Qiwi Bank and the blocking of 9 billion rubles. assets. This follows from the financial results report of JSC Qiwi, which provides RBC.

“The Company plans to continue its activities in the future and has no intention of ceasing its activities. At the same time, in connection with the revocation of Qiwi Bank’s license, there is uncertainty regarding the company’s ability to restore activities to the same or comparable volume in the next 12 months,” says the Qiwi report.

The company’s management is “negotiating with potential partners to conclude contractual relations. After blocking assets, Qiwi switches to a “multi-bank model.” As follows from the report, the group has already agreed with several partners to connect external banks.

At the same time, Qiwi expects a significant decrease in revenue and other income – the share of income from contracts with Qiwi Bank was more than 70%. “In addition, the current situation will affect settlements with other partners of Qiwi JSC due to the fact that in a number of contractual relations Qiwi JSC acted on behalf of Qiwi Bank as a bank payment agent,” the group expects.

As of February 21, 9.1 billion rubles were blocked in the group’s settlement and special bank accounts. However, the group has funds in other banks, and, as management assures, they will be sufficient to fulfill current obligations.

The Central Bank revoked Qiwi Bank’s license on February 21 for shady transactions. The Deposit Insurance Agency was appointed as the temporary administration of the bank. According to the head of the Central Bank, Elvira Nabiullina, the deprived bank has a significant surplus of funds, more than 28 billion rubles, so all obligations will be paid.

More details in the material “Qiwi Bank will distribute debts”.

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