Bank «Opening» is not threatened with the revocation of the license, said Aksakov

© RIA Novosti / Maxim to Aminopherase in fotomontagen Bank branch Opening. 16 Aug 2017Bank «Opening» is not threatened with the revocation of the license, said Aksakov© RIA Novosti / Maxim to Aminopherase the image Bank

The revocation of the license of the Bank «FC Opening» is not threatened, it will continue to exist, the head of Bank Association «Russia», Chairman of the Duma Committee on financial market Anatoly Aksakov.

The newspaper «Vedomosti» on Friday, citing several sources wrote that «FC Opening» could go to Fund the consolidation of the banking sector created by the Central Bank for Bank resolution, although the main owner of «FC Opening» Vadim Belyaev is denied. According to RIA Rating, on August 1, the Bank occupied the 8th place in the list of Russian banks with assets of 2.38 trillion roubles, as compared to 6-th place, with 2.68 trillion rubles as of 1 July.

«About the reorganization («FC Opening» — ed.) this is speculation, I don’t want to comment on that,» Aksakov told RIA Novosti. «Decisions of the Central Bank no. The Bank «Opening» — one of the largest, quite stable. Therefore, I assume that the Bank «Opening» lived, lives and will live,» he added, noting that the Central Bank in early August gave the signal to the market that reviews the licenses from the largest banks of the Russian Federation after the incident with the «Yugra» more should be expected.

Analytical credit rating Agency (ACRA) on 21 August put the credit rating of the Bank «Opening» on CreditWatch with negative implications, reflecting the view of a possible significant deterioration in the liquidity position of the Bank in connection with a substantial outflow of client resources in June-July and with increasing dependence on the refinancing operations of the Central Bank.

ACRES notes that in June-July, the Bank «Opening» faced with the outflow of 433 billion (26%) of client funds and 303 billion (48%) of interbank resources, was forced to resort to REPO transactions with the Central Bank, and on August 1 from the control they were attracted to 338 billion rubles, or 17% of total liabilities and the current ratio decreased to 21% from 28% on 1 June. The Agency also does not exclude that in the scenario of the continuation of outflows in August and September the Bank’s financial sustainability will depend on credit support of the Central Bank.

In early July, ACRES appropriated «FC Opening» a rating of «BBB-» on the national scale with stable Outlook. ACRA noted an «adequate sufficiency» of the Bank’s capital, while drawing attention to its weak ability to generate capital. Lowest rating was one of the reasons for the outflow of capital from the «Discovery». Commenting on the recent rating action, the managing Director of the Bank Anatoly Baptist declared RIA Novosti news Agency on 23 August that «the Opening» feels the support of the Central Bank and perceives it as evidence of a high level of systemic importance of the Bank.