A few years ago, IBSP, the only one out of all the St. Petersburg banks, managed to take advantage of the recapitalization program of regional banks, having received federal loan bonds for 803 million rubles from the DIA in 2015. IBSP was subject to the terms of the DIA for the bank's capital requirements (at least 5 billion rubles) and at the request of the DIA, it undertook to capitalize the bank for another 50% of the loan received (by 401 million rubles) within 3 years from its own funds.
IBSP does not disclose financial statements on the issue of securities. But, as Sergey Bazhanov himself reported in January 2016, the bank's recapitalization schedule is quite comfortable for him. He bought an additional issue of shares of IBSP for 120 million rubles as part of the fulfillment of obligations to the DIA. Later it became known that the next additional issue was also bought out by Bazhanov in December 2017.
In total, the capital of IBSP has seven subordinated loans totaling 3.3 billion rubles. In addition to the subordinated loan from the DIA, the bank's capital includes loans for 2.5 billion rubles from Hervet Investments Ltd (Republic of Cyprus) maturing until 2025 and 20 million rubles from the Central Bank of MT Rubin. Such data is contained in the bank's own risk assessment materials for the first half of 2018.