The Japanese government paid back to depositors Incubator Bank

To help small Japanese bank depositors Incubator Bank, which announced on Friday about the bankruptcy, the central bank of Japan for the first time in 40 years, employs a system of state guarantees, wrote on Monday, the newspaper "RBC daily».

The collapse of the Incubator Bank - the first bankruptcy in the Japanese banking sector over the past 7 years and the first of which was used for the safeguards system, established in 1971, according to the material. Under this system, each depositor is guaranteed a return of 10 million yen (94 thousand euros) and interest on the deposit. On deposits bankrupt due to financial machinations of top management Incubator Bank at the end of June was 610 million yen (5.7 million euros). However, as indicated Guide Incubator Bank, only 3,500 depositors (or less than 3% of the total) were deployed at the bank accounts more than 10 million yen.

According to the financial regulator, the depositors Incubator Bank state guarantees will be provided primarily because the Bank's work differed from the work of other Japanese financial institutions. In bankruptcy was not out on the interbank market, it functioned in isolation.

As reported last year, the regulator began an investigation of leadership Incubator Bank. In July, former chairman of the bank Takeshi Kimura, and three other top managers were arrested on suspicion of obstructing an audit. Kimura, left his post in May, when they were made public a net loss of the bank during the past fiscal year on March 31 in the amount of 5.1 billion yen (48,000,000 euros).

Authorities claim that the wave of bankruptcies in the country there will be no investors other Japanese banks have not yet worry. As the head of the Central Bank of Japan Masaaki Shirakawa, bankruptcy Incubator Bank does not threaten the stability of the Japanese financial system