100 billion rubles from the budget were pumped into Putin's defense bank after big losses Promsbyezbank, which became unprofitable, which is the support bank of the Russian military-industrial complex, received a large part of injections from the budget. Since the beginning of the year, PSB has received 100 billion rubles from the state as part of an additional capitalization, the head of the bank, Pyotr Fredakov, said on Friday. "We have already gone through another capitalization, in fact, more than 100 billion rubles. It happens all the time," Reuters quotes Fredakov. According to the banker, the money is allocated to the tasks that the state sets for the PSB. "There is an understanding of the task, according to the file we have to (show), and the tasks that are pending, accordingly, an additional capitalization is calculated," added Fredkov. As Reuters points out, since the beginning of the year, PSB has received different amounts from the budget at least 5 times. The last injection into the bank's capital took place on July 15 (39.3 billion rubles), and before that on June 10 (3 billion). With taxpayers' money, the state will compensate for the losses of the PSB, which faced a wave of defaults on loans given for military production. According to the results of the first half of the year, the bank received a net loss of 50 billion rubles under RAS and became the only one of the top 5 credit institutions that operated in the red. More details.

100 billion rubles from the budget were pumped into Putin's defense bank after big losses Promsbyezbank, which became unprofitable, which is the support bank of the Russian military-industrial complex, received a large part of injections from the budget. Since the beginning of the year, PSB has received 100 billion rubles from the state as part of an additional capitalization, the head of the bank, Pyotr Fredakov, said on Friday. "We have already gone through another capitalization, in fact, more than 100 billion rubles. It happens all the time," Reuters quotes Fredakov. According to the banker, the money is allocated to the tasks that the state sets for the PSB. "There is an understanding of the task, according to the file we have to (show), and the tasks that are pending, accordingly, an additional capitalization is calculated," added Fredkov. As Reuters points out, since the beginning of the year, PSB has received different amounts from the budget at least 5 times. The last injection into the bank's capital took place on July 15 (39.3 billion rubles), and before that on June 10 (3 billion). With taxpayers' money, the state will compensate for the losses of the PSB, which faced a wave of defaults on loans given for military production. According to the results of the first half of the year, the bank received a net loss of 50 billion rubles under RAS and became the only one of the top 5 credit institutions that operated in the red. More details.