Deposit Insurance Agency: Customers unlikely to pay Uralfinprombank’s loans back

19 April 2011 (09:23)

According to a recent examination of its financial state, Uralfinprombank’s liabilities currently come to 3.1bn RUR, including 2.85bn RUR that the bank owes to its private customers by way of deposits. Now the bank’s own assets (excluding the possible loss reserves and the capital consumption) amount to 2.05bn RUR.

71% of Uralfinprombank’s assets is constituted by loans offered by the bank to private and business customers. A trustee in bankruptcy is currently trying to locate the debtors and determine their actual financial situation. According to the preliminary estimates available, the loans are unlikely to be paid off.

Uralfinprombank was declared insolvent on February 7, 2011.

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