MOSCOW, December 10 - RAPSI. Mezhprombank's third-priority creditors will receive 1.53 percent of their claim amount as the majority of the obligations fall on them, the Deposit Insurance Agency, the bank's bankruptcy receiver, told PRIME business news agency on Monday.

The bank was declared bankrupt two years ago.

Claims amounting to 85 billion rubles ($2.75 billion) were included in the list of shareholder claims. They were mostly third-priority creditor claims. The first- and second-priority creditor claims amounting to 5.5 million rubles ($178,360) and 1.5 million rubles ($48,643) were satisfied in full. The settlements will begin on December 21 and end on April 1.

The Moscow Commercial Court will consider whether to extend the bankruptcy procedure at the International Industrial Bank (Mezhprombank) on January 23.

According to the court materials, the motion to extend the bankruptcy procedure was submitted in November by the Deposit Insurance Agency.
The court heard the bankruptcy receiver's report in June, and decided to extend the procedure for six months.

The Bank of Russia revoked the International Industrial Bank's license in October 2010. It was controlled by former Senator Sergey Pugachyov, who failed to use the chance that he was given to settle all outstanding issues with Russian and foreign creditors.

For a long time, the bank was among the top 30 in Russia. In 2000, it increased its charter capital to 25 billion rubles ($810.7 million), which was an unprecedented amount at the time. The bank owed 32 billion rubles ($1.03 billion) in unsecured debt to the Bank of Russia.

In late July 2010, the Bank of Russia took the unprecedented decision to restructure its debt, having extended the payment period and turned the unsecured debt into secured debt.

The shares of companies belonging to Pugachyov's United Industrial Corporation's Sudostrenie divisionallowed for the move. However, the measure failed to help the bank, as it was declared bankrupt that same year.