Costin: NBU can return deposits «daughters» VTB, if it is going to dispose of them

© RIA Novosti / Vladimir Astapkovich in Photobacterium — Chairman of the Board of VTB Bank Andrey Kostin. Archival photoCostin: NBU can return deposits «daughters» VTB, if it is going to dispose of them© RIA Novosti / Vladimir Astapkovich the image Bank

Included in the Ukrainian VTB temporary administration of the National Bank of Ukraine will be able to pay the remaining approximately $ 100 million corporate and private deposits, if the right to dispose of funds, said the head of VTB Andrey Kostin.

«If the new leadership will properly manage these funds, I am sure they will be able to pay all deposits of private clients and businesses. Of course, if they sell for 1/5 the price, the situation may be different. It’s not a big amount,» he said in an interview with Bloomberg TV.

Kostin stressed that the recognition of the «daughter» of Russian VTB insolvent was «the first step after the introduction of martial law».

On Tuesday, the national Bank of Ukraine took the Ukrainian VTB insolvent. Earlier, VTB has introduced a fee and limits on cash withdrawals amid falling liquidity after the arrest of its shares. In turn, Kostin has informed that VTB wanted a civilized way to leave the Ukrainian market, but do it he did not. According to him, the Bank in recent years have returned approximately 90% of the deposits to customers.

In September the Kyiv court of Appeals in the enforcement of the decision of arbitration court of the Hague arrested the shares of «dochek» Russian state banks — Sberbank, VTB and Vnesheconombank (he Ukraine belongs Prominvestbank). The Hague arbitration in the spring of 2018, supported the claim of the companies of the businessman Igor Kolomoisky, who demanded compensation for the loss of assets in Crimea. In the framework of implementation of this decision to the Kiev court on September 29 had issued writs of execution to recover from Russia about $ 140 million.

VTB on Tuesday said that the actions of Kolomoisky in respect of the subsidiary Bank VTB in Ukraine purposefully increase introduced in 2017 sanctions and are, in fact, the attempt of raider capture of the asset. In addition, the Bank noted that the Bank reserves the right to recover through the courts with the President of Ukraine Petro Poroshenko, the amount spent on the purchase of the Bank on the basis of which VTB has built a Ukrainian «daughter».