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Accounts Chamber: Recapitalized banks comply with the terms of the OFZ order – Rossiyskaya Gazeta

Date: July 18, 2024 Time: 09:47:16

As Aleksey Savatyugin, auditor of the Accounts Chamber, noted, banks used OFZ to obtain additional liquidity through repurchase transactions with the Central Bank, the Federal Treasury and the central counterparty.

At the end of 2023, the equity capital of the banking sector increased by 18.4%, that of recapitalized banks – by 15.1%.

“Excluding recapitalized banks, the growth of equity capital of the banking sector as a whole amounted to 20.5%. At the same time, recapitalized banks account for about 40% of the capital of the banking sector,” Savatyugin clarified.

Income received by the DIA under subordinated loan agreements amounted to 14.1 billion rubles in 2023. These funds were transferred entirely to the federal budget.

In general, based on the results of the analysis, the Chamber of Accounts recognized as sufficient the set of control and response measures carried out by the DIA as part of the monitoring of compliance by the recapitalized banks with the obligations established in the corresponding agreements.

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Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

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