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 The central bank said its Deposit Insurance Agency, responsible for
managing crisis-hit lenders, would take over interim supervision of
Trust Bank as of Monday.
The measures "will make it possible for Trust to continue smooth
payments operations. All the bank's clients, including depositors,
can use its services as usual", the central bank said in a
statement.
Trust, which hired actor Bruce Willis as its face for a series of
advertisements, is Russia's 32nd largest lender by assets, according
to Interfax data. It is also 15th biggest by private personal
accounts, including deposits.
As of Dec. 1, Trust held 145 billion rubles ($2.63 billion) in
private personal deposits, according to its accounts. Last week, the
Finance Ministry proposed doubling deposit insurance to 1.4 million
rubles ($25,000) if a bank fails.
Under increasing pressure from a plummeting rouble and western
sanctions over Ukraine, Russia's banking sector could get a capital
boost of up to 1 trillion rubles ($18 billion) under a new law being
prepared by the government.
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The central bank said it would soon select an investor to bail out
Trust Bank, most likely to be one of the country's major banks, it
said.
($1 = 56.4600 rubles)
(Reporting by Katya Golubkova and Oksana Kobzeva; Editing by Lidia
Kelly, John Stonestreet and Giles Elgood)
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