UPDATE: Central bank sends its position on Jugra Bank to prosecutors

(Changes headline, first two paragraphs)

MOSCOW, Jul 21 (PRIME) -- The central bank sent materials supporting its position on troubled Jugra Bank, where a moratorium on creditors’ demands and a six-month interim administration was introduced on July 10, to the General Prosecutor’s Office on Thursday, the central bank said on Friday.

“On July 20, the Bank of Russia sent to the General Prosecutor’s Office documentary evidence on Jugra Bank proving that the central bank’s actions were aimed at protecting interests of the depositors and creditors and comply with the federal legislation,” the regulator said.

On Wednesday, the Prosecutor General’s Office appealed against the central bank’s steps saying that it has failed to take into account the absence of violations of mandatory standards during inspections.

Central Bank Deputy Chairman Vasily Pozdyshev said earlier the regulator believed that Jugra Bank had been providing misleading reports for several months and suspected the bank of asset withdrawal and manipulations with deposits.

The Deposit Insurance Agency (DIA) has started repaying deposits of Jugra Bank via VTB 24, Sberbank, Russian Agricultural Bank, Otkritie Financial Corporation (FC) Bank, and Bank UralSib despite prosecutors’ protest.

On Thursday, Russia’s top bank Sberbank paid 21.8 billion rubles to 24,131 depositors before 6 p.m. Moscow time and VTB 24, the retail arm of Russia’s second largest bank VTB Bank, paid 10 billion rubles to 10,500 people.

(59.0823 rubles – U.S. $1)

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