Bank Trust says returns 113 bln rbl of assets in 2022

MOSCOW, Feb 14 (PRIME) -- Bank Trust, a non-core assets bank created by Russia’s central bank, recovered 113 billion rubles of assets in 2022 and repaid 52 billion rubles to the central bank, head Alexander Sokolov said on Tuesday.

"Concerning 2022: we collected 113 billion rubles, topped the business plan by 161%... earned a net profit of 4 billion rubles and returned 52 billion rubles to the central bank," Sokolov said.

Restructuring accounted for 8 billion rubles of the recovered assets, special projects for 13 billion rubles, mergers and acquisitions for 74 billion rubles, recovery through court procedures for 12 billion rubles, real estate transactions for 6 billion rubles, other transactions for 1 billion rubles.

In 2019–2023, the bank, in accordance with its asset return strategy, returned 421 billion rubles of assets, the book value of assets stood at 93 billion rubles and paid 294 billion rubles to the central bank.

Bank Trust plans to recover 66 billion rubles of assets and give the central bank 45 billion rubles in 2023, the CEO said.

The bank consolidated soured and non-core assets of several banks, bailed out by the central bank earlier, in 2018.

(73.6307 rubles – U.S. $1)

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