Russian government approves requirements for banks to keep SRO funds

03.10.2016

Decision of the Government on the requirements of the banks, who will be able to keep construction self-regulatory (SRO) funds was approved on Tuesday, says Dmitry Kozak, Deputy Prime Minister of the Russian Federation, during the Congress of the National Association of Builders (NOSTROY).

One of the main requirements – not less than 100 billion rubles as a bank’s registered capital, he said.

Compensation funds of construction SRO will be kept in 12 most reliable banks, said the Head of the Association Andrey Molchanov. The head of the Ministry of Construction Mikhail Men added that SROs should transfer funds to these banks until November 1.

In late July, citing the head of the central office of NOSTROY, Viktor Pryadein, it was reported that about 25 billion rubles of SRO compensation funds out of 97 billion have been blocked in troubled banks which licenses were revoked.

RIA – Real Estate

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