The rights of TFB Finance’ clients may be equaled to the rights of persons having state insured deposits

In compliance with the instruction given by the President of the Republic of Tatarstan Mr. Rustam Nurgalievich Minnikhanov the Consultative Group in charge of rendering legal support to physical and legal entities – clients of the banks, which suspended their operational activities, and collectively with the Prosecution Service of the Republic of Tatarstan, is preparing now to apply to the judicial bodies in respect of registration of the physical persons – clients of TFB Finance in the register of affected investors of Tatfondbank with the possibility of further getting insurance compensations from the    Deposit Insurance Agency. In particular, it is assumed that it will consider the possibility to equal the rights of TFB Finance’ clients to the rights of persons with deposits, insured by the state (not over 1, 4 mln RUB), and the compensations will be paid by the State Corporation Deposit Insurance Agency (DIA).

The President of the Republic of Tatarstan instructed to find legal possibilities for protecting interests of clients of the investment company TFB Finance.

In addition to this and in response to the address of the President of the Republic of Tatarstan the group of companies TAIF and partners expressed their readiness to participate in financial rehabilitation of Tatfondbank in the quality if strategic investors. The relative application from the group of companies TAIF and partners with the possible options of the bank support has been sent to the Central Bank of Russia. The availability of the Strategic Investor is a mandatory condition for the Central Bank of Russia to take resolution on starting the procedure of financial rehabilitation of the institution.