OREANDA-NEWS. On June 18, 2009 LLS “BTA Bank” timely and fully (RUB 8 bln.) repaid the funds granted under the programme of the Bank of Russia intended to extend loans under surety. Promzvyazbank, Credit Bank of Moscow, Renaissance Capital Bank and Moskommertsbank acted as sureties in respect to the loans. Moreover, the volume of  funds received from the Bank of Russia within the framework of unsecured auctions was reduced by RUB 1 bln., reported the press-centre of BTA Bank.

The Bank prepared for such major repayments of obligations in advance and repaid part of them ahead of schedule. 60 % of the funds, needed to repay the indebtedness, were accumulated by LLS “BTA Bank” of the funds received from scheduled repayments of loans by the Bank’s customers. The rest of the amount was collected by the Bank basically from realization of part of its loan portfolio. It was basically the surety banks who acted as counterparties under the deals. All of the loans were sold at their nominal value. Another part of the funds was drawn by the Bank under pledge of its retail loan portfolio.

According to Chairman of the Board at LLS “BTA Bank” Elena Messerle, the Bank intends to further reduce the volume of its indebtedness to the Bank of Russia, the amount of which at the moment totals about RUB 15 bln. received within the framework of unsecured auctions.

LLS “BTA Bank”, which intends to change its name for AMT BANK, plans to replace the funds of the Bank of Russia with funds of corporate and retail customers.