Qiwi Bank can cover its obligations with a surplus of 28 billion rubles – Kommersant

Qiwi Bank has a cash surplus of more than 28 billion rubles, which should be enough to cover its obligations, said the head of the Central Bank, Elvira Nabiullina. February 21 regulator recalled bank license due to violation of the law.

“The conclusion based on the assessment of the temporary administration of the DIA is that the bank has a significant surplus of funds, more than 28 billion rubles. That is, the excess of its assets over its liabilities. And therefore we proceed from the fact that all existing obligations will be paid,” Ms. Nabiullina said at a press conference.

According to data Deposit Insurance Agency (DIA), the total volume of obligations to clients is estimated at several tens of billions of rubles. In particular, the volume of funds of legal entities at the beginning of February amounted to 18.4 billion rubles. The volume of funds for 9.3 million electronic wallets amounted to 4.4 billion rubles. The DIA estimated its insurance liability at 4.3 billion rubles. Almost 300 individuals, about 11 thousand individual entrepreneurs and 9 thousand legal entities will be able to receive insurance compensation.

As the reason for revoking the license of Qiwi Bank, the Central Bank indicated violations of requirements in the field of combating the legalization of proceeds from crime and the financing of terrorism. A temporary administration has been appointed to the credit institution. March 4 DIA on behalf of Qiwi Bank submitted a lawsuit against its owners – Qiwi JSC, the Hong Kong company Fusion Factor Fintech Limited and Qiwi. Later, the Central Bank filed a claim with the Moscow Arbitration Court for the forced liquidation of Qiwi Bank.

Read more about the situation in the Kommersant article. “The bankers have finished their game.”

Lusine Balasyan