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Report on the Agency's Operations in Q1 2017

Date: 14.06.2017

1. Deposit Insurance

As of March 31, 2017 the deposit insurance system (DIS) included 800 banks, including 295 banks that were in the process of receivership (liquidation), 4 operating banks that lost their right to open new accounts and accept funds into deposits from individuals, one bank in respect of which the Bank of Russia has imposed moratorium on satisfaction of creditors' claims).

The following changes occurred in DIS membership in Q1 2017. One bank was included into the register of DIS member banks (ONEY BANK LLC); 9 banks were excluded from the register, with 3 banks (CB UNIASTRUM BANK (LLC), JSC BINBANK Stolitsa and JSC Metcombank) being excluded due to termination of their activity due to their reorganization in the form of merger; 6 banks (OJSC VECOMBANK, OJSC CB PETRO-AERO-BANK, RNKO MGB LLC, CB Bank of Settlements and Savings LLC, CB BVT (LLC) and CB European Express LLC) being excluded due to the completion of their liquidation.

In Q1 2017, 10 insured events occurred with total amount of the insurance liability of the Agency of 25.97 billion rubles to 104.3 thousand depositors.

Deposit transactions were analysed for each insured event in order to identify the signs of artificial formation of liabilities to insured depositors that increases the insurance liability of the Agency. By its results, in 7 banks (JSC Bulgar bank, CB Talmenka-bank LLC, PJSC JSCB Novation, JSCB YENISEY (PJSC), ANKOR BANK (JSC), JSC BANK TGB, CB OIL ALLIANCE (PJSC)) 410 cases of artificial creation of deposits through inclusion into the accounting records of the banks of technical records on transferring the funds of legal entities and holders of large deposits to the accounts of specially selected individuals for illegal receipt of payouts were detected for the total amount of 208.9 million rubles.

In addition, the signs of falsification of documents on non-existing liabilities of the bank to 504 depositors totalling 0.6 billion rubles and loan debt to other individuals for the same amount were detected in JSC BANK TGB.

In the course of preparation and making payouts, the Agency also detected the cases of fraud using the so-called "double accounting" where the official accounting records did not reflect information of accounts (deposits) of citizens opened or the funds were debited from the accounts without knowledge and consent of their holders. Thus, the cases of fraud were detected in JSC Bulgar bank and CB Talmenka-bank LLC aimed at stealing by the employees of the said banks of the funds of 3 thousand depositors totalling 3.5 billion rubles.

Information on such facts with the signs of acts subject to penal sanctions was sent by the Bank of Russia and the Agency to the law-enforcement authorities to make the respective procedural decisions.

In order to prevent illegal payouts, all deposits with the signs of artificial creation ("splitting") or falsification and not reflected in official records were not included by the temporary administrations managing the banks into the registers of liabilities to depositors which are used for payouts.

Subsequent restoration in accounts of the liabilities of the bank to depositors and decision making on the claims of persons who did not agree with the size of payout were made on the basis of supporting documents submitted by them, and the documents and data found in the bank or on the basis of court decisions.

From the beginning of 2017 the Agency restored in accounts and included into the registers of deposit liabilities claims of 5,307 depositors (including under the insured events which occurred earlier) exceeding 4.3 billion rubles in total.

Approaches used by the Agency to restore the data on liabilities to the depositors who are the victims of illegal actions of the banks which attracted funds of individuals to the accounts and deposits without their reflection in official accounts and measures taken by the Agency to protect the resources of the deposit insurance fund (hereinafter referred to as the Fund) from illegal claims of persons who participated in the actions aimed at artificial overstatement of the size of insurance liability of the Agency were approved by resolution of the Board of Directors of the Agency dated March 14, 2017.

As of March 31, 2017 66 agent banks were accredited by the Agency for deposit payouts. 2 banks were accredited in the reporting period (MCB named after S. ZHIVAGO LLC, JSC GENBANK), one bank was excluded from the list of accredited banks (CB UNIASTRUM BANK (LLC)).

In the reporting period the possibility to receive insurance payments was provided to the depositors of 295 banks, including under the insured events which occurred in the previous years. For the first three months of 2017 the insurance payouts totalling 63.07 billion rubles were received by 161.8 thousand depositors of 205 banks.

Insurance payouts were completed in 5 banks due to completion of liquidation procedures (CB FAMILY LLC, OJSC CB PROMBANK, CJSC StroyComBank, JSC ProBank, JSCB Radian (OJSC)). The total amount of insurance payments in these banks equalled to 1.3 billion rubles, with 1.286 billion rubles (98.9%) recovered by the Fund in the course of liquidation proceedings.

In Q1 2017 the Fund received 94.9 billion rubles, including 51 billion rubles of borrowed funds received from the Bank of Russia; 30.9 billion rubles of DIS member banks insurance premiums; 13 billion rubles of funds received in connection with satisfaction of Agency's claims in the course of liquidation proceedings in the banks.

Expenses from the Fund accounts for the reporting period amounted to 91.2 billion rubles including: 88.4 billion rubles for payouts to insured depositors; 2.6 billion rubles for agency fee; 0.2 billion rubles - for financing activity of the Autonomous Non-for-Profit Organization "Depositors' Protection Fund".

As of March 31, 2017 the remaining balance of the Fund amounted to 40.5 billion rubles. The Agency received a total of 600 billion rubles within the frameworks of the 820 billion rubles loan facility agreement concluded with the bank of Russia as of March 31, 2017.

In Q1 2017 the following (differentiated by the degree of bank risks) Fund contribution rates applied: basic rate of 0.12% of the calculation base per quarter, additional and increased additional rates of 50% and 400% of the basic rate, respectively. Additional rates were applied to banks depending on the interest rates on the attracted deposits that exceeded the benchmark established by the Bank of Russia and parameters of financial condition of the banks, including supervisory corrective actions/measures introduced by the Bank of Russia. In the reporting period the banks paid 3.0 billion rubles (9.7% of the total amount of contributions) using the additional rates.

As of March 31, 2017, 20% of the Fund's resources were invested into governmental federal loan bonds of the Russian Federation and bonds of constituent entities of the Russian Federation, 12% into corporate bonds, 1% into the bonds of international financial organizations, 66% were placed in deposits with the Bank of Russia. The share of idle funds is 1%. Weighted average return on the invested resources of the Fund in the reporting period amounted to 8.8% per annum (taking into account revaluation of securities - 9.7% per annum).

2. Pension Savings Guarantee

As of March 31, 2017, 41 non-government pension funds (NPFs or the funds) participated in the Pension Savings Guarantee System. The size of the Pension Savings Guarantee Fund (PSGF) amounted to 950.28 million rubles, with 375.14 million rubles received in the reporting period.

As of the end of the reporting period, 48% of PSGF resources were invested into governmental federal loan bonds of the Russian Federation and bonds of constituent entities of the Russian Federation, 52% into corporate bonds.

Weighted average return on the invested resources of PSGF in the reporting period amounted to 9.6% per annum (taking into account revaluation of securities 11.5% per annum).

3. Bank Financial Rehabilitation

In the reporting period the Agency participated in financial rehabilitation of 25 banks.

On February 3, 2017 the Bank Supervision Committee of the Bank of Russia approved the Plan of participation of the Agency in the implementation of measures to prevent bankruptcy of JSCB PRESVET (JSC) under which the Agency performed the function of temporary administration managing the bank in compliance with the resolution of the Bank of Russia.

The size of current financing by the Agency of bank resolution procedures as of March 31, 2017 was 1,181.92 billion rubles, with 100.61 billion rubles financed from the property contribution of the Russian Federation into the Agency; 1,073.80 billion rubles - loans of the Bank of Russia; 6.06 billion rubles - resources of the Fund; 1.45 billion rubles - proceeds from assets acquired by the Agency in the course of taking measures to prevent bank bankruptcy.

In the reporting period the borrowers repaid to the Agency 5.71 billion rubles of the principal debt and paid 2.81 billion rubles as the interest on the borrowed funds.

As of March 31, 2017 (running total) a total of 387.58 billion rubles was received within the frameworks of taking measures to prevent bank bankruptcy under the loans granted and rights of claim acquired by the Agency, including 320.16 billion rubles as principal repayment and 67.42 billion rubles as payment of interest for using borrowed fund.

In the reporting period at the expense of repayments by the borrowers the Agency repaid the loans provided to it by the Bank of Russia for financial recovery of banks totalling 2.59 billion rubles. At the same time, in the reporting period the Agency received loans from the Bank of Russia totalling 8.56 billion rubles for financial rehabilitation purposes.

4. Liquidation of Financial Institutions

Credit Institutions Liquidation Management

As of March 31, 2017 the Agency carried out liquidation proceedings in 309 credit institutions, of which bankruptcy proceedings were conducted in 286 banks; forced liquidation - in 23 banks.

21 credit institutions came under the management of the Agency in the reporting period (28 for the same period of the previous year).

In Q1 2017 liquidation proceedings were completed in 7 credit institutions, with bankruptcy proceedings in respect of 5 credit institutions (CB SOTSECONOMBANK LLC, CB FAMILY LLC, CB PROMBANK LLC, NCO Financial Services (LLC), CJSC NCO MRC) and forced liquidation in respect of 2 other banks (CJSC StroyComBank and JSC DALTA-BANK).

The average percentage of satisfaction of creditors' claims in the failed banks where the liquidation proceedings were completed as of March 31, 2017 throughout the Agencys history amounted to 33.8%.

In CJSC StroyComBank where forced liquidation was performed after satisfaction of creditors' claims the shareholders received the remaining funds amounting to 332.3 million rubles. Forced liquidation was completed in 20 months while the average term is 16 months.

In JSC DALTA-BANK forced liquidation was completed in 18 months. After satisfaction of creditors' claims the shareholders received the funds amounting to 73 million rubles.

In the failed banks the length of liquidation proceedings was from 6 to 8 years while the average indicator is 3 years and 11 months. The increased length of the bankruptcy proceedings is due to the length of litigations to collect debt from the debtors and to bring former executives and owners of the credit institutions to civil law (subsidiary) liability.

For the first three months of 2017, inspections to identify dubious transactions were performed in 25 credit institutions. Transactions worthy of challenging were detected in 23 of them.

In the reporting period 2,164 cases seeking to contest dubious transactions of liquidated credit institutions were considered in courts of law and arbitration courts, with 135 of them based on the claims filed in 2017. Claims of the Agency under 25 applications were satisfied.

As the result of challenging of dubious transactions by the Agency, cash proceeds to the bankruptcy estates of liquidated credit institutions in the reporting period amounted to 152.8 million rubles.

Circumstances of bankruptcy were investigated in 10 credit institutions: PJSC JSCB Baltika, CB VITYAZ - (LLC), JSIB Imbank (OJSC), BANK SOFRINO (CJSC), Bank Navigator (OJSC), OJSC Bank Narodny Credit, Plato-bank LLC, United National Bank (LLC), IPOZEMbank LLC, RNKO RC ENERGOBUSINESS (LLC). Signs of deliberate bankruptcy were found in 7 credit institutions. No signs of deliberate bankruptcy were detected in the United National Bank (LLC), IPOZEMbank LLC and RNKO RC ENERGOBUSINESS (LLC).

15 claims seeking to impose financial liability on ex top-managers of banks for the amount of 114.8 billion rubles were filed to courts.

Claims of the Agency to collect damages were satisfied in respect of former executives of the Travel Bank LLC in the amount of 60 million rubles, CB OGNI MOSKVY LLC in the amount of 6 billion rubles and MI-BANK (OJSC) in the amount of 450 million rubles. Claims of the Agency to bring to subsidiary liability the executives of CB VBB LLC and Vitas Bank LLC in the amount of 236 million rubles and 3.3 billion rubles, respectively, were also satisfied.

22 applications were sent to the law enforcement authorities concerning the signs of various crimes detected in the credit institutions, including 8 concerning the facts of deliberate bankruptcy, 12 concerning the facts of stealing the cash and property of credit institutions and the facts of abuse of powers by the executives and employees of the credit institutions, 2 concerning other facts.

24 criminal cases were initiated, including 2 concerning the facts of deliberate bankruptcy, 22 the facts of abuse of powers by the executives and employees of the banks or stealing the property of credit institutions.

In the reporting period guilty verdicts were brought by the courts in respect of the following former employees of failed banks:

1) Chairman of the Board of Directors of CB Gagarinsky (JSC), E.Sh. Kadyrgulov, was found guilty of three crimes stipulated by part 4 Article 159 (Fraud) of the Criminal Code of the Russian Federation. He was imprisoned for 5 years. The sentence recognized the right of the bank to satisfy the civil claim, size of the claim compensation was transferred for consideration under civil proceedings;

2) N.M. Magomedova, (advisor of Primorsky branch of Dagenergobank LLC and head of Kaspy branch of ESIDBANK LLC) was found guilty of the crimes stipulated by part 3 and part 4 Article 160 (Embezzlement), part 3 and part 4 Article 159 (Fraud) of the Criminal Code of the Russian Federation. She was imprisoned for 5 years and 6 months. The sentence recognized the right of the Dagenergobank LLC and ESIDBANK LLC ʻ to satisfy the civil claims, size of claims compensation was transferred for consideration under civil proceedings. The verdict came into legal force;

3) Deputy Chairman of the Management Board of CB NAFTABANK LLC, G.R. Rabadanova, was found guilty of the crimes stipulated by part 2 Article 201 (Organization of criminal community (criminal organization) or participation in it), part 4 Article 159 (Fraud) and part 2 Article 172 (Illegal banking) of the Criminal Code of the Russian Federation. She received a suspended prison sentence for 6 years and a fine of 200 thousand rubles. The court satisfied civil claims of the bank and the Agency for 672.3 million rubles and 13.2 million rubles, respectively.

4) Chairman of the Board of Directors of IJSB Dig-Bank (OJSC), S.Kh. Tsallagov, chairman of the management board R.S. Gudzharaidze, chief accountant A.E. Darchieva, deputy chairman of the board of directors B.T. Shanaeva, and deputy chairman of the management board Kh.A. Khetagurov were found guilty of the crimes stipulated by part 4 Article 160 (Embezzlement) and part 1 Article 201 (Abuse of powers) of the Criminal Code of the Russian Federation. S.Kh. Tsallagov received a suspended prison sentence for 5 years and 6 months and a fine of 500 thousand rubles, R.S. Gudzharaidze received a suspended prison sentence for 6 years and a fine of 400 thousand rubles, A.E. Darchieva received a suspended prison sentence for 4 years and a fine of 300 thousand rubles, B.T. Shanaeva received a suspended prison sentence for 3 years and 6 months and a fine of 300 thousand rubles, Kh.A. Khetagurov received a suspended prison sentence for 3 years and 6 months and a fine of 300 thousand rubles. The sentence recognized the right of the bank to satisfy the civil claim, the size of claim compensation was transferred for consideration under civil proceedings.

As of March 31, 2017 the Agency had 108 accredited specialized organizations to provide accounting, legal services, documentation archiving services, etc. to the liquidated credit institutions to support the activity of the Agency as the receiver.

To ensure uninterrupted liquidation proceedings and operative organization of work at the initial stage of the liquidation process the Agency prepaid the expenses amounting to 233.6 million rubles, recovered 300.5 million rubles taking into account the funds provided earlier for these purposes.

For the first three months of 2017 32.4 billion rubles were received into receivership estates (for the same period of the previous year - 34.4 billion rubles), including: mandatory reserves transferred by the Bank of Russia 2.9 billion rubles; cash in hand and on correspondent accounts with the Bank of Russia 7.9 billion rubles; proceeds from sale and recovery of assets 21.6 billion rubles (12.7 billion rubles - from redemption and collection of loan and bill debt; 1.4 billion rubles balances of funds on the correspondent accounts in commercial banks, clearing houses of MICEX and RTS; 5.5 billion rubles - from redemption and sale of securities; 0.5 billion rubles from sale of fixed assets; 1.5 billion rubles - other assets). As compared to the same period of the previous year, proceeds from sale and recovery of assets increased from 16.2 billion rubles to 21.6 billion rubles, with 73% received extra-judicially.

In the reporting period the Agency held 293 trades with the property of 154 liquidated banks, including 129 auctions, 133 public offerings in electronic form, 9 trades on the organized securities market, 22 times the property with the book value less than 100 thousand rubles was sold through public offerings not in the electronic form. 3.9 billion rubles of receivership estates were received from sale of property which exceeds the same indicator of the same period of the previous year 5.6 times. Growth in assets sale volume was achieved at the expense of growth of sale of securities on the exchange market and at the expenses of general increase in the volume of real estate, claims and other types of assets sale.

In the reporting period claims of 10.3 thousand creditors totalling 182.3 billion rubles were considered and included into the registers of creditors' claims of liquidated credit institutions. 15 billion rubles were paid to creditors to meet their claims.

20 meetings of creditors of liquidated credit institutions were held, with 18 of them being the first meetings.

Liquidation Management in Non-government Pension Funds

As of March 31, 2017 the Agency performed liquidation proceedings in 34 NPFs, including bankruptcy proceedings in 7 of them and forced liquidation in 27 of them.

In the reporting period the Bank of Russia did not cancel licenses for pension support and pension insurance of NPFs which performed activity on the mandatory pension insurance; arbitration courts did not make any decisions to appoint the Agency as the receiver (liquidator) of NPFs.

The aggregate assets of 34 NPFs liquidated by the Agency is 112.6 billion rubles, according to the accounting data as of the date of introduction of liquidation proceedings. According to the preliminary estimates, the aggregate market value of assets of the liquidated NPFs as of the reporting date did not exceed 30% of their book value.

In the reporting period, 406 million rubles were received on the accounts of funds opened with the Agency for separate accounting of funds of pension savings, pension reserves and receivership estate, including 333 million rubles credited as pension savings, 67 million rubles credited as pension reserves, 6 million rubles credited as receivership estate.

The current expenditures of liquidated NPFs at the expense of receivership estates in the reporting period amounted to 10.5 million rubles.

For the first three months of 2017 the expenses of NPFs for liquidation measures prepaid by the Agency amounted to 17.09 million rubles, 10.71 million rubles were compensated to the Agency.

In Q1 2017, for the purpose of liquidation proceedings in NPFs, there were 4 tenders to select special organizations for the right to conclude with the Agency the trust management, assets evaluation and brokerage service agreements. Additional measures were initiated to expand the list of specialized organizations accredited with the Agency for the right to conclude with the Agency the cooperation agreement in "Trust Management" nomination.

There were an inspection to detect the circumstances of bankruptcy of NPF "Povolzhsky" and inspection of circumstances of deterioration of financial position of JSC NPF "Strategy" resulting in the detection of signs of deliberate bankruptcy. No new dubious transactions to be challenged were identified in Q1 2017.

In the reporting period the claims to hold invalid the transactions of NPF "Povolzhsky" in the amount of 0.22 million rubles, NPF "Rodnik" in the amount of 37.82 million rubles were satisfied, the judicial acts came into legal force. Other applications are being considered by courts.

Statement was sent to the law enforcement authorities concerning the fact of property theft and deliberate bankruptcy in JSC NPF "Strategy".

As of March 31, 2017 the pension reserves totalling 169.87 million rubles were allocated towards satisfaction of creditors' claims, including 130.45 million rubles transferred to other non-government pension funds with valid licenses as liabilities under life non-government pensions and funds of pension reserves. In Q1 2017 104.42 million rubles were allocated towards settlements with creditors (as for life non-government pensions - 96.01 million rubles).

An important event of Q1 2017 were settlements with creditors of the Non-commercial Organization "Podolsk Non-government Pension Fund", liabilities to whom were formed under the non-government pension support contracts at the expense of bankruptcy estate. 4.6 million rubles were allocated for this purpose which allowed to satisfy the claims of all creditors in full.

The aggregate amount of funds allocated by the Agency towards settlements with NFP creditors as of March 31, 2017 was 11.04 billion rubles.

In the reporting period, 6 first meetings of NPF creditors were organized and held.

Insurance Organizations Liquidation Management

In March 2017 the Agency started to exercise the powers of receiver of insurance organizations for the first time (bankruptcy proceedings were initiated against the Antal - Insurance LLC).

In the reporting period the Agency provided for the priority measures of the bankruptcy proceedings: acceptance of documentation from the temporary administration, taking measures aimed at searching and claiming of property of the insurance organization, formation of the register of claims declared by the creditors, publication of information stipulated by the requirements of legislation on bankruptcy.

5. Measures to Increase Bank Capitalization

Measures aimed at the increase of capital of certain banks are taken in compliance with the Federal Law dated December 29, 2014 N 451-FZ "On introduction of amendments into Article 11 of the Federal Law "On insurance of deposits of individuals with the banks of the Russian Federation" and Article 46 of the Federal Law "On the Central Bank of the Russian Federation (Bank of Russia)" through placement of federal loan bonds contributed by the Russian Federation into the property of the Agency into subordinated liabilities and preferred shares of the banks.

From the beginning of measures to increase capitalization, the Agency concluded contracts with 34 banks amounting to 838.0 billion rubles.

The total amount of loans and investments into the bonds of enterprises from the priority sectors of the economy provided by the banks in respect of which the measures to increase capitalization were taken during the period after FLB receipt increased by 22.2% (or 1,435.4 billion rubles).

For the period of measures to increase capitalization, the banks mainly increased mortgage (housing) loans and acquired mortgage bonds (27% of total increase in funding), increased loans and acquired bonds of the enterprises from the processing industries (20%), energy, gas and water production and distribution enterprises (14%), transport and communication enterprises (13%), small and medium business (13%) and enterprises engaged in agriculture, hunting and service provision in these spheres (11%).

6. Assurance of Transparency of the Agency's Operations

In the reporting period, information explanatory work on functioning and development of DIS and pension savings guarantee system, organization of bank resolution procedures, liquidation (bankruptcy) of credit institutions, NPFs and insurance organizations, implementation of bank capitalization increase measures continued. More than 50 press releases and information messages were prepared and sent to mass media. There were 7,383 thousand publications on the activity of the Agency. The Agency's representatives gave 327 comments and interviews.

The management of the Agency took part in TV program "Personal Money" on Russia 24 TV Channel devoted to repayment of loans to the banks with the license revoked. Two speeches of General Director of the Agency on topical issues of the Agency's operations were organized on Russia 1 TV Channel.

Along with public informing, the Agency takes active part in the events important for professional market players. During the reporting period the executives of the Agency presented reports at a number of largest conferences and forums on the subject, in particular, at the meeting of executives of banks, the Bank of Russia and the Agency "Regulation of activity of commercial banks by the Central Bank of the Russian Federation" (Moscow), anniversary session of the Russian Economic and Financial Forum (Moscow), 28th Congress of the Association of Russian Banks (ARB) "Development vs Stagnation. Competition is the Main Level of Economic Growth" (Moscow), events devoted to the anniversary of the Russian Economic University named after G.V. Plekhanov (Moscow).

To expand public access to information on the Agency's operations, much attention was paid to the improvement of the corporate web-site. In the reporting period there were 4,956 updates of the web-site. Implementation of a set of measures aimed at improvement of user friendliness of the web-site for the visitors from different categories continued. The web-site menu structure was transformed - "Liquidation of Insurance Organizations" section was added.

The number of requests from depositors (creditors) through "hot line" of the Agency remains at a high level. During Q1 2017 the "hot line" was receiving more than 82 thousand calls a month (more than 248 million calls per quarter). High level of subscriber service quality was preserved (shortening of waiting time, increase in share of processed calls, extension of provided information, etc.).

The Annual Report of the Agency for 2016 posted on the Web-site of the Agency was prepared and approved in Q1 2017.

Representative offices of the Agency in federal districts took active part in information explanatory work of the Agency. They prepared responses to more than 3 thousand requests from citizens and organizations.

Within the frameworks of procurement activity, in the reporting period the Agency held 2 tenders, 8 auctions, 3 requests for quotations and 5 requests for bids. One tender resulted in conclusion of the contract for 11.3 million rubles, 2 auctions (including 1 multi-lot auction) resulted in conclusion of 3 contracts totalling 622.7 thousand US dollars (ruble equivalent as of the date of purchase summing up 34.9 million rubles), 5 auctions (including 2 multi-lot auctions) resulted in conclusion of 13 contracts totalling 25.3 million rubles, one request for quotations resulted in conclusion of one contract for 7.6 thousand US dollars (ruble equivalent as of the date of purchase summing up 1 million rubles), 2 requests for quotations resulted in conclusion of 2 contracts totalling 1.2 million rubles, 3 requests for bids resulted in conclusion of 3 contracts totalling 16.4 million rubles. Savings from the purchases through competitive procedures are estimated to be 4.3 million rubles making 4.5% of the initial (maximal) value of the contracts.


BALANCE SHEET

of the State Corporation Deposit Insurance Agency

as of March 31, 2017

million rubles

ASSETS

As of 31.03.2017

As of 31.12.2016

As of 31.12.2015

I. ASSETS




1. Investment of the Mandatory Deposit Insurance Funds resources

19,354

15,015

47,463

1.1 Long-term

5,755

5,979

8,616

1.2 Short-term

13,599

9,036

38,847

2. Investment of the Pension Savings Guarantee Funds resources

934

556

123

2.1 Long-term

754

256

87

2.2 Short-term

180

300

36

3. Investment of the Agencys resources that are not included into the funds

95,671

86,860

60,912

3.1 Long-term

28,714

27,050

16,136

3.2 Short-term

66,957

59,810

44,776

4. Funding of measures aimed at prevention of bankruptcies of financial institutions and settlement of obligations of banks

1,181,915

1,179,082

1,172,571

5. Funding of measures aimed at the increase of bank capitalization

838,005

838,000

838,000

6. Fixed assets

7,293

6,978

5,205

7. Cash including

6,487

10,242

16,307

7.1 Cash of the Mandatory Deposit Insurance Fund

232

247

9,174

7.2. Cash of the Pension Savings Guarantee Fund

2

6

5

8. Other assets

1,251,405

1,201,078

686,601

TOTAL for Section I

3,401,064

3,337,811

2,827,182

BALANCE

3,401,064

3,337,811

2,827,182

LIABILITIES

As of 31.03.2017

As of 31.12.2016

As of 31.12.2015

II. EQUITY




9. Resources of the Mandatory Deposit Insurance Fund

40,540

41,839

37,454

10. Resources of the Pension Savings Guarantee Fund

948

575

128

11. Property contribution of the Russian Federation, including

991,687

991,715

985,691

11.1 Funds for measures aimed at prevention of bank bankruptcies and settlement of obligations of banks

146,808

146,836

144,002

11.2 Funds for measures aimed at the increase of bank capitalization

838,000

838,000

838,000

12. Funds and reserves

0

0

0

13. Retained earnings (uncovered loss)

1,328

0

4,671

TOTAL for Section II

1,034,503

1,034,129

1,027,944

III. LIABILITIES




14. Loans and credits received, including:

1,673,807

1,616,834

1,122,891

14.1. long-term

1,645,307

1,588,334

850,487

14.2 short-term

28,500

28,500

272,404

15. Funds of financial institutions placed in bankruptcy and liquidation

55,203

53,794

35,970

16. Other liabilities

637,551

633,054

640,377

TOTAL for Section III

2,366,561

2,303,682

1,799,238

BALANCE

3,401,064

3,337,811

2,827,182

For information: off-balance sheet assets and liabilities

17. Received collaterals for obligations and payments

1,101,622

1,114,488

851,947

18. Given collaterals for obligations and payments

3,873

5,000

5,000

19. Depreciation of fixed assets

584

531

347

General Director                                                        Yu.O. Isaev

CFO - Chief Accountant                                          N.D. Molodtsova


STATEMENT OF INCOME (LOSSES)

of the State Corporation Deposit Insurance Agency

including income/loss received from investing the temporary idle funds

for Q1 2017

million rubles

Description of Items

For the reporting period

Same Period of the Previous Year

INCOME



1. Revenues from placement (investment) of the Mandatory Deposit Insurance Funds resources, total, including:

682

753

1.1 Income from operations with securities

4

16

1.2 interest income

615

639

1.3 other income

63

98

2 Revenues from placement (investment) of the Pension Savings Guarantee Funds resources, total, including:

19

6

2.1 Income from operations with securities

0

0

2.2 interest income

16

5

2.3 other income

3

1

3 Revenues from placement (investment) of the Agency's resources which are not the funds, total, including:

4,936

4,790

3.1 Income from operations with securities

22

22

3.2 interest income

4,886

4,675

3.3 other income

28

93

4 Revenues from use of funds received to take measures to increase bank capitalization

9,785

11,628

5 Other income

38

15

Total income

15,460

17,192

EXPENSES



6 Expenses related to operations with securities purchased at the expense of the Mandatory Deposit Insurance Fund

(1)

(1)

7 Expenses related to operations with securities purchased at the expense of the Pension Savings Guarantee Fund

0

0

8 Expenses related to operations with securities purchased at the expense of the Agency's resources which are not the funds

(1)

0

9 Interests expenses

(2,846)

(2,752)

10 Expenses incurred in the course of the measures to increase bank capitalization

(9,785)

(11,628)

11 Administrative expenses of the Agency

(1,127)

(923)

12 Other expenses

(81)

(69)

Total Expenses

(13,841)

(15,373)

Profit (loss) before tax

1,619

1,819

13 Profit tax

(297)

(326)

14 Deferred tax assets (+), liabilities (-)

6

(2)

Net profit (loss) of the reporting period

1,328

1,491

General Director                                             Yu.O. Isaev

CFO - Chief Accountant                                N.D. Molodtsova


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