Portfolio of Problematic Loans of BTA Bank JSC is about $10.6 bn. - said, Mr.Saidenov

/IRBIS, September 22, 09/ - The portfolio of Problematic Loans "BTA Bank" is estimated at $ 10.6 billion,- said Mr. Anvar Saidenov, Chairman of the Board of BTA Bank JSC, in the an interview to RBC daily. Thus he said, - the bank's losses can be directly linked to the activities of the previous management of JSC BTA Bank. Losses are arising on those loans that were issued by BTA Bank. It is clear that the former bank owners were directly related to those loans that were issued, including in Russia and CIS offshore companies were given without collateral, and thus that the payments as of interest and on principal placed at the end of the loan. It is for these loans, we must create reserves and hence our loss. This can be attributed directly to the activities of former management of the bank. In terms of size, this portfolio of problem loans estimated by us at $10.6 billion, - said Mr. Saidenov. According to A. Saidenov, the bulk of external debt to be restructured is $ 10.3 billion, including bonds. About $ 1.7 billion or 17% of the total debt obligations of the bank account of trade finance, which are on the balance sheet of the bank. Domestic debt of BTA Bank State of approximately $ 5.0 billion: When we're talking about $ 5 billion debt to the State, most likely we are talking about bond funds Samruk Kazyna that are in our portfolio and make about KTZ 645 billion, or just over $ 5 billion on restructuring the debt of speech does not go, since it is assumed that this amount can be converted into share capital of the bank. Speaking about the current state of BTA Bank, Mr. Saidenov said that currently issuing new loans almost non-existent: If we lend to, either through public programs, either within the amounts that we return the borrowers - and this is a very small amounts. The head of the bank said that in the first half of this year saw a run on deposits of individuals: If we talk about the contributions of physical persons, then by the first half of the year saw outflows. It was a reaction to the entry of stock of Samruk Kazyna into the capital of BTA Bank Yes and devaluation of the tenge not added confidence to investors. The main task of the new management was to stop the outflow of funds from deposits. The client base of legal persons is also stable. Mr. Saidenov also told RBC daily, that in the event of a successful restructuring of the bank may appear foreign shareholders: In the case of a successful restructuring of foreign bank external liabilities will be in reasonably good condition, it will comply with all regulations, its position in the market will be substantial, in terms of liquidity, he will have reserves. With that one of the options for restructuring, we have proposed to creditors conversion into shares, so I do not rule out the possibility that the outcome of the restructuring, we may receive from the shareholders of Western institutions. As of July 01, 2009, the assets of BTA Bank JSC is the KTZ 2,566.0 billion, or $ 17.0 billion (1 USD = KTZ 150.90), the obligation - KTZ 3,456.3 billion or $ 22.9 billion, its own Capital - KTZ (-890.3) billion or (-5 9) billion dollars. [2009-09-22]