Yugra collapsed. The Central Bank's victory in Yugra is a failure for the Russian banking system
Image copyright Svetlana Kholyavchuk/Tass Image caption The controlling shareholder of the bank "Ugra" is a mysterious native of Belarus Alexei Khotin
The Central Bank has introduced temporary administration in the Yugra bank, which is one of the twenty largest Russian banks in terms of the amount of attracted deposits from the population. The regulator estimated the amount of deposits at 180 billion rubles. This is the largest insured event in the history of Russian banks.
Russia's central bank said on Monday it had found signs of asset stripping, deposit fraud and false reporting at Yugra Bank, which is controlled by businessman Aleksei Khotin, who avoids publicity.
The introduction of a temporary administration for six months means that the powers of the bank's shareholders and management have been suspended.
Usually, the task of the interim administration is to assess the "hole" in the bank's capital, that is, the difference between the bank's assets and its liabilities. Practice shows that if the size of this "hole" is relatively small, the bank will be sanitized. Otherwise, Yugra may lose its license.
In addition to the introduction of temporary administration, a moratorium on settlements with creditors was introduced in the bank.
By law, the moratorium is an insured event, that is, depositors will be able to apply to the Deposit Insurance Agency (DIA) in July to receive payments. Maximum size insurance compensation is 1.4 million rubles.
"The volume of deposits is more than 180 billion rubles, most of these deposits are insured - as of June 1, almost 170 billion rubles of deposits are insured, that is, they fall under the deposit insurance system," Deputy Chairman of the Central Bank Vasily Pozdyshev told reporters.
There have never been such payments in the history of the DIA. The BBC Russian service tells what Kholin's bank is known for and how it ended up on the verge of collapse.
What is known about "Yugr"e"
- one of the largest Russian banks
According to banki.ru data, Yugra ranks 30th in Russia in terms of assets. In terms of the size of loans, the bank ranked 16th: Yugra's loan portfolio amounted to 262 billion rubles as of May 2017.
- one of the most active players in the deposit market
The bank had almost 182 billion rubles of deposits individuals- this is the 15th place in Russia in terms of the volume of deposits of the population.
IN last years The bank actively attracted deposits. For example, in 2015, household deposits in Yugra increased by 137%. For comparison, over the same period, deposits of individuals at Sberbank increased by only 29%, at VTB - by 36%.
The activity of Yugra in the market of deposits of the population attracted the attention of the Central Bank, because the bank accepted deposits at rates higher than the market ones. In March, the bank limited the attraction of deposits from the population, it was a restrictive measure on the part of the Central Bank, Vedomosti wrote.
- one of the leaders in business growth
From 2012 to 2017, the authorized capital of the bank grew from 170 million rubles to almost 13 billion rubles, Alexei Nefedov, president of Yugra, said at a forum in St. Petersburg.
"In a short time, the bank made a dramatic breakthrough. From a small financial institution in the Tyumen Megion, a city where only 40 thousand people live, Yugra has become one of the top 30 largest Russian banks. This is the merit of the entire team, primarily the shareholders," Nefedov said.
- bank lending to business owners
More than half of Yugra's loan portfolio is accounted for by loans to the bank's shareholders, Pozdyshev, deputy chairman of the Central Bank, said after the introduction of the provisional administration.
"We sent appeals to law enforcement agencies," he said.
The bank invested all funds raised in Russian companies in different sectors of the economy, said Nefedov, the president of Yugra.
What is known about the shareholders of "Ugra"
- controllingthbank shareholder- Belarusian-born businessman Alexei Khotin
Alexey Khotin appeared on the list of Ugra shareholders in January 2016. At that time, as indicated in the documents of the bank, he owned 0.48% of the bank's shares. Another 52.4% stake belonged to the Swiss company Radamant Financial AG, the beneficiary of which is Khotin.
According to Forbes magazine, the structures of Alexei Khotin and his father Yuri Khotin bought the financial organization in 2012. The magazine estimates the fortune of Alexei Khotin at $950 million. In the ranking richest businessmen In 2017, he is ranked 110th.
"The owner of the Ugra bank, Aleksey Khotin, plans to support the bank until its full financial recovery - the main thing is that they give us such an opportunity," said Nefedov, the bank's president, whose words were conveyed to journalists by the Ugra press service.
- kings of Russian real estate
Alexey and Yuri Khotin are regularly included in the Russian Forbes rentier rating. In 2017, father and son ranked eighth on the list. According to the magazine, they rent out almost 1.3 million square meters. m of commercial and office real estate.
Rental income in 2016 was $295 million, according to Forbes. The magazine wrote that the Khotins own the Gorbushkin Dvor shopping complex, the Four Seasons hotel near Red Square and other real estate in Moscow.
But in April 2017, businessman Sergei Podlysetsky told Lenta.ru that he was the owner of Gorbushkin Dvor, and Aleksey Khotin only lent him part of the funds for the purchase. In June of this year, the Kommersant newspaper wrote that a friend of the Khotin family, Podlysetsky, sold the shopping center to the main owner of Pharmstandard, Viktor Kharitonin.
In addition, it is believed that the Khotin family has an oil business. The total oil reserves at the fields developed by the Khotins' structures are estimated at 215 million tons (for comparison, Rosneft produced 203 million tons of oil in 2015).
- ties with Belarus
Forbes wrote that the business of the Khotin family acquired a "different scale" after Vladimir Naumov, the former head of the Ministry of Internal Affairs of Belarus, who fell into disgrace, moved to Moscow.
According to sources of the publication, in Russia the former minister began to help fellow countrymen, allegedly using his connections. In particular, the magazine wrote, Khotin is well acquainted with the former head of the Russian Interior Ministry and ex-Speaker of the State Duma Boris Gryzlov.
The media also reported that Viktor Lagvinets, an associate of the former manager of the President of Belarus Ivan Titenkov, works in the structures of the Khotin family. In the late 90s, Lagvinets was detained on charges of abuse of office, and then released.
- sponsor of Putin's Night Hockey League
Since 2013, Yugra Bank has been a sponsor of the Night Hockey League (NHL), an amateur sports organization created in 2011 on the initiative of Vladimir Putin (then he was prime minister).
Putin regularly participates in NHL matches and scores several goals in each game.
It is not yet known who will be the league's partner instead of Yugra. "While the situation is not clear, it was not discussed. But life does not end there, there will be another partner," Sergey Babinov, a member of the NHL board, told Interfax.
The league's general director, Igor Bakhmutov, told TASS that the bank's problems would not affect its financial position.
- avoid publicity
Journalists have repeatedly tried to find out what Alexey and Yuri Khotin look like, but they cannot be photographed. Businessmen do not appear in public.
We will not get tired of repeating that customers of banks in Russia will experience more than once problems, since it is not clear why people still keep their money in Russian banks. Rather, we understand why, but before ordinary person essence banking crisis for some reason slowly reaches or does not reach at all.
In the case with legal entities and entrepreneurs in terms of partnerships with banks on business occasions - this is a separate story that we do not consider when we talk about understanding the whole situation in the country. But in the case of individuals, this is just the most misunderstanding, because we once again, but it seems that not everyone reads it. But in vain.
In addition, it is necessary to understand that banks in Russia are a dead end, especially for an ordinary depositor. For legal entities and those involved in entrepreneurship, banks may be needed in the future, but for an ordinary “physicist” it is important right now to look for a more profitable and more profitable way to increase and accumulate their capital.
And we hope that the bankruptcy of Ugra Bank will make you fully understand this. Although, again, it is strange that you have not yet understood anything about the banking market as a whole. But, of course, we can be wrong. And if you know the situation better than us, write a comment under the article about it, if you don't mind.
Bank "Ugra latest news today
According to the latest data, from July 10, 2017, the Central Bank of the Russian Federation introduced temporary administration into the Yugra Bank due to unstable financial position in the bank itself for a period of 6 months. What does this mean for the average client (contributor)?
The situation, of course, is standard, and in such cases, one can immediately say that in 99% of such cases, after the introduction of a temporary administration, the bank's license is revoked and it ceases to operate. Such a further development of the situation in the Yugra bank can be confirmed by other cases that have already occurred in practice with Russian banks.
For example, the situation also developed with the well-known, no less large, like the Yugra bank, Russian bank- Tatfondbank, when at first there were problems with customer service, then the Central Bank introduced a temporary administration and imposed a moratorium, and then the bank completely "collapsed" and lost its license.
Bank Yugra problems today
And the problems in Ugra Bank today are as follows.
For the bank itself, the problem is that the bank could not cope with the sharp outflow of capital that legal entities held in the bank.
According to Anna Orlenko, Director of the Banking Supervision Department of the Central Bank, as of June 1, funds from legal entities in the bank amounted to 47 billion rubles, and a month later, as of July 1, the balance was only 2.2 billion rubles.
And of course, this remaining amount will not be enough for the bank to continue to function normally.
Moreover, such an outflow of capital from the bank's assets is a gross violation of the requirements of the Central Bank of the Russian Federation, which, as a result, is a further problem for the bank itself. And the Central Bank of the Russian Federation was forced to take action in the situation that arose.
Moreover, the Central Bank of the Russian Federation suspected the management of Yugra Bank of making dubious transactions between legal entities (companies) for large billions of dollars, which sometimes reached several hundred billion rubles in volume, which is also a gross violation in the banking sector, the main purpose of which is concealment of the financial problems in the bank.
For depositors and entrepreneurs, the problems lie in the fact that after the imposed moratorium on satisfying the claims of Yugra Bank creditors, the depositors' money that was in the bank is already subject to an insured event, of course, with subsequent payments of no more than 1.4 million rubles per person , and everything above can be considered lost money, which no one will return to the bank's client.
How much money will depositors in the bank "YUGRA" lose?
According to approximate estimates, approximately a little more than 10 billion rubles will not be returned to the hands of depositors due to the fact that the amount turned out to be more than the “insurance” of 1.4 million rubles. Just imagine this gigantic amount.
When will payments to bank Ugra depositors start?
Payments will begin to be made no later than two weeks from the day the moratorium is introduced in Yugra Bank.
Which bank will pay out money from deposits and accounts according to the register of depositors will be known a little later. So:
- On July 17, in the news from the DIA, it will be possible to find out which bank will be available to receive insurance compensation.
- On July 21, a specific branch of this bank will become known.
- And from July 24 they will start on their own cash payments, according to the register of depositors bank Yugra.
For reference:
As of July 10, the total volume of deposits in Ugra Bank amounted to 185 billion rubles! The amount of insurance compensation from the DIA amounted to 169.2 billion rubles.
Attention to the question: where did the 15.8 billion rubles go?
And, quite certainly, you, of course, understood where they had gone. And most likely the correct version will be this - the bankers stole it.
Bank Ugra will the license be revoked in 2017? Bank Yugra possibility of license revocation. What will happen to the bank Yugra?
According to our estimates, the probability of revocation of the license and bankruptcy of Bank Yugra is estimated at 99%. Why? We explain.
Bank Yugra is included, or we can say that it was already in the top 30 largest banks in Russia in terms of net assets, and to be more precise, it ranks 29th. What does it mean?
This means that in any case, it is not profitable for anyone to save the bank, since such large banks need a lot of funds. And they are unlikely to be found in large volumes, which are required for salvation.
Can you even imagine, roughly speaking, you have 100 billion rubles. And in this case, it is easier to simply recapitalize (increase and strengthen internal assets) some other operating bank until problems arise, of course, after a competent assessment of existing assets, than to save an already problematic one. This is the main point.
This idea is now even understood in the leadership of the Central Bank of the Russian Federation and in the DIA. And before they did it wrong - they actively saved banks from bankruptcy (sanitized), one might even say, almost all and sundry.
Now you will not find such an approach to problems in the country's banks on a large scale. If they will sanitize, then only small and medium-sized banks. You can practically forget about the rescue of large banks, if not with the top 100, then in the case of the top 50 for sure.
Another proof of the high probability of revocation of the license is that the management of Yugra Bank, long before the appearance of supervision from the Central Bank of the Russian Federation, closed existing offices in some cities. What the bank's clients have repeatedly stated on the Internet and in various forums.
At the same time, it should be taken into account that the offices were completely closed and there was no talk of any restoration of further activities.
And, finally, the main confirmation of the further probable revocation of the license and the bankruptcy of Yugra Bank is that, as it was already said at the beginning of the article that a temporary administration was introduced into the bank for a certain period, which in itself indicates that, according to banking practice, in such cases, the license from banks of the Central Bank of the Russian Federation in the future and in 99% of all cases, withdraws.
Warning for customers of any banks. What should depositors of banks in Russia do?
In view of the further uncertainty of the banking redistribution of the market as a whole, and this is precisely the redistribution and nothing else, we advise everyone who is in one way or another in contact with banks, as a depositor or as a partner, to start thinking for themselves and save their accumulated capital right now. And if you do not, you may encounter unforeseen problems in the future.
Yes, you can continue to keep money in banks. But we advise you to keep no more than 1 - 1.2 million rubles for each bank, leaving the rest of the discount of 200 - 400 thousand rubles for the accumulation of interest on deposits, which in total will be sum insured 1.4 million rubles for each bank in which you made a deposit or several deposits in total.
More detailed information on how, where and in what to invest money to increase, as well as what investment instruments use, you can explore on our website.
And remember that keeping your savings only in banks on open deposits- this is wrong in itself and does not correspond to a competent approach to the business of a smart investor, since there are more about which you may not know yet, since they have not been studied. And the possible bankruptcy of Ugra Bank is the very case when it is time for you to study them for yourself for the future.
According to the competitive selection, the agent banks that will pay insurance claims contributors and individual entrepreneurs bank Yugra. They were 5 banks:
- JSC Rosselkhozbank
- PJSC Bank Uralsib
- PJSC VTB 24
- PJSC Sberbank
Acceptance of applications in these agent banks will begin a little later - within a week (closer to July 24).
In order for the depositor to be able to receive a refund, the agent bank must submit:
- Identification document (passport)
- A completed application for the payment of compensation in the form established by the bank, the form of which can be obtained at the branches of the banks indicated above.
More detailed information about specific actions, lists of banks by addresses, lists of depositors by name, which will provide information about which particular branch the depositor will need to contact, will be known a little later.
So, just keep an eye on the further situation - all the details will become known within a week, and also beware of those who provide false information and try to deceive you (this is a warning just in case). Therefore, in any case, work only with official branches of banks directly.
From July 19, 2017, it became known that now each depositor of Ugra Bank can recognize the agent bank, namely, its specific branch (branch), where you can receive insurance compensation.
To find out the specific address of your agent bank, you just need to use the online service - “Find your agent bank”, as a result of which you will receive the address of the bank branch to which you need to apply for payments.
Go to the online service at:
- https://www.asv.org.ru/insurance/insurance_cases/yugra/
Enter your data and get the necessary information.
We also note that it will be possible to start receiving payments in agent banks for Ugra Bank depositors from July 20, 2017.
Bank Ugra and the Prosecutor General's Office - what's the point?
As you know, in the case of the introduction of a temporary administration in the bank Ugra Central Bank Russian Federation Prosecutor General's Office intervened.
However, from the outside it all looks like "a pug is trying to climb an elephant." It is clear who in this situation is a “pug” and who is an “elephant”, of course, within the framework of the banking market.
That is, neither from the legal point of view, nor from any other point of view, even if the whole situation with the Ugra bank continues to go through the court, no one will benefit from it.
The Prosecutor General's Office of the Russian Federation will not achieve anything in court, since the Central Bank of the Russian Federation, according to the facts and its deepest competence in banking, will be able to prove their correctness of actions. And the bank's clients, in any case, even if the Prosecutor General's Office of the Russian Federation proves something in court, will remain with their own, since the procedure for insurance payments has already been launched and is in full swing.
At the same time, it should be understood that the chances of litigation, despite all the conversations and disagreements, are very small, one might even say miserable. Which means that the whole story with the Yugra bank will end according to the already standard scenario, the result of which will be another license revocation with a probability of 99% out of 100, which will happen, of course, not quickly, but within the next few months.
Undoubtedly, the intervention of the Prosecutor General's Office of the Russian Federation in banking should benefit, first of all, depositors and bank customers. However, the benefit will only be obtained in cases where the bank is actually financially sound. That is, if the bank really experiences financial difficulties, no General Prosecutor's Office of the Russian Federation will help him to avoid the revocation of his license.
In addition, it is necessary to understand that in order to create a certain legal framework and broader powers for the Prosecutor General's Office of the Russian Federation itself, in order to be able to successfully solve the tasks set specifically in the banking sector.
But the fact is that at the moment, the legal framework and powers are minimal, very limited and practically not created for the Prosecutor General's Office in order to be able to directly influence the banking sector and, first of all, the Central Bank of the Russian Federation itself.
So, is the intervention of the Prosecutor General's Office of the Russian Federation in the banking sector really necessary?
It is necessary to clearly admit for yourself that yes, they are needed, but not in those situations when a temporary administration has already been introduced into a bank and some actions are already underway in relation to a problem bank, this is the first thing worth noting.
And secondly, the whole point is in the format of interference, according to which it would be nice for the Prosecutor General's Office of the Russian Federation to have powers of supervision over the Central Bank of the Russian Federation, so that even before the launch of the procedure for payments for insurance claims and the introduction of temporary administrations in problem banks, it would be possible to suspend the actions of the regulator itself for another in the early stages of the development of events, because, as they say, you can’t jump into a rushing train on the move.
That is, this suggests that all key decisions must first be made at the supervisory level, which was not observed by the General Prosecutor's Office of the Russian Federation in relation to the situation with the Yugra Bank.
Thus, it is necessary to understand that the role of the Prosecutor General's Office of the Russian Federation in the sphere of influence on the Russian banking market takes place only under certain and, most importantly, already created conditions for this.
And if there are no conditions for direct influence on the banking market and they have not been created, then the Prosecutor General's Office has minimal chances to influence the decisions of the Central Bank of the Russian Federation in relation to banks.
The latest news on Ugra Bank for former clients
As we suggested earlier, from July 28, 2017, the banking license of Yugra Bank was revoked by the Central Bank of the Russian Federation.
That is, there is no Ugra Bank in Russia anymore.
At the beginning of July, the bank was among the top 30 largest banks in Russia, both in terms of capital and attracted deposits of individuals, which indicates that a large number of citizens of the country experienced certain problems, and some even lost part of their savings.
And since more than 500 more banks operate daily in Russia, when in fact banks with net assets no more than 50-100, then you, as a client of a particular bank, be prepared for the fact that license revocations from banks in Russia will continue for more than one year, at least in 2018-2019 for sure, and also from now on be ready to revoke the license from absolutely the bank.
That is, you need to clearly understand that you need to prepare yourself in advance and take certain actions to preserve your equity, it is better to do it right now, and also look for new sources of increasing your Money if you need it, of course.
Bank Yugra filed a lawsuit against the decision of the Central Bank of the Russian Federation to revoke the license
Former Chairman of the Board of Yugra Bank Dmitry Shilyaev filed a lawsuit against Court of Arbitration Moscow due to the fact that he considers the revocation of a license frombank is invalid. IN statement of claim he pointed out that the grounds for the withdrawal banking license missing.
In addition, Shilyaev also emphasizes to this statement that “the bank has completely lost its capital due to the change by the temporary administration of databalance sheet on the basis of administrative acts”, which actually contradicts the legislation on accounting and regulatory documents TSB RF.
The date for the consideration of the claim is not indicated, however, the preliminary hearing of the case is determined within 5 days from the date of receipt of the applicationto court, that is, the date will be announced soon.
In addition, on September 19, 2017, the Central Bank of the Russian Federation and the bank will meet in court to clarify the circumstances of the introduction of a moratorium on satisfaction of creditors' claims.
Previously, Yugra Bank, through arbitration, had already made an attempt to recognize the decisions and actions of the Central Bank as illegal, this was done even beforerevocation of the license - on July 24, 2017, during the period of temporary administration in the bank, but in the end, the Central Bank of the Russian Federation decided to revoke the license from the bank anyway.
One of the largest banks in Russia - included in the top 30 - "Ugra" is one step away from revoking its license. Today, the Central Bank decided to introduce a temporary administration in it. The regulator's message says that such a decision was made in connection with the unstable financial situation of Yugra. The amount of funds of individuals in the bank is 173 billion rubles, corporate clients keep 45 billion rubles in it.
The Central Bank assigned the functions of the temporary administration, which will manage the bank for six months, to the Deposit Insurance Agency. For the period of work of the provisional administration, the powers of shareholders related to participation in the authorized capital, as well as the powers of the bank's management bodies, have been suspended.
ON THIS TOPIC
Simultaneously with the introduction of the provisional administration, the regulator introduced a moratorium on satisfying the claims of creditors. What happened is an insured event. Payments to Ugra depositors will begin no later than two weeks from the moment the moratorium is introduced. The situation with the bank may turn out to be the largest insured event in the history of the country's banking sector.
Head of the Association of Regional Banks, head of the State Duma Committee on financial market Anatoly Aksakov expects that the bank will be reorganized or will be recapitalized. “I hope that this bank will still be sanitized using the new procedures that are now approved by law, and all the bank’s creditors will get out of this situation without loss,” TASS quotes him. “At the same time, I hope that the bank has the necessary the amount of assets that will allow it to function effectively and, if necessary, so that the Central Bank can enter the capital and increase capital to the extent necessary to comply with the standards of the Central Bank.
Shortly before the introduction of the moratorium, the Central Bank conducted an unscheduled inspection in Yugra. The reason for it was a failure, as a result of which customers experienced problems with conducting financial transactions. Representatives of the regulator, according to Vedomosti, intended to check the completeness and timeliness of the fulfillment of obligations to customers during an emergency, deposit operations and transactions with other funds of individuals, as well as Information Technology jar. However, in the end, the bank's loan portfolio was checked.
The failure in Yugra occurred at the end of April, the bank explained it as a violation in the external power supply system. Customers have reported difficulty receiving money. Everything was fine just two days later. Experts believe that the bank had problems with liquidity. Yugra was in the top 30 in the country's banking system in terms of assets. The credit institution network has more than 100 offices across the country.
As previously reported, last week FC Otkritie was assigned a BBB– rating on the national scale with a stable outlook. This decision was made due to the weak ability financial institution generate capital. According to experts, the weak quality of Otkritie FC's assets, as well as the likelihood of a negative impact on liquidity and capital adequacy from the parent company, is exerting significant pressure on its creditworthiness.
The BBB- rating assigned to Otkritie imposes a number of restrictions on it. On the bank deposits financial company will not be able to allocate budgetary funds and pension savings non-state pension funds. In addition, the bank's papers issued after July 14 will not be included in the Central Bank's Lombard list due to an insufficient rating.
The Central Bank introduced a temporary administration into the bank "Ugra" and imposed a moratorium on satisfying the claims of the bank's creditors. The regulator announced this on its website on Monday. This may be the largest insured event in the history of the Russian banking sector. As of June 1, Yugra attracted 181.3 billion rubles. funds of the population.
On May 15, an employee of one of the Yugra branches told a Vedomosti correspondent that it was possible to receive bank shares when placing a deposit: a sale and purchase agreement is signed, but in fact securities go as a gift. According to him, it was possible to get the shares by contacting the branch: no one told him that "this is cancelled." However, the next day, an employee of the same branch of the bank said that the bank did not and did not have such a promotion, and all deposit offers were posted on the bank's website. In another branch of Yugra, the correspondent of Vedomosti was also informed that when opening a VIP deposit, shares are entitled to it as a gift.
Since October, the bank has had restrictions on attracting household funds, which were the main source of liabilities for the bank. The Central Bank paid attention to the fact that the bank circumvents this restriction, a person who knows this from the Central Bank employees and a person who heard about it from an acquaintance Alexei Khotin told Vedomosti. In particular, the regulator drew attention to the fact that the bank raises funds from minority shareholders, and its large depositors received bank shares. At the end of April, the Central Bank limited the bank's ability to attract deposits from shareholders with a share of less than 0.01%. In the fourth quarter of 2016, the number of participants in the bank's capital increased from 99 to 124, and three months later, on March 31, 2017, there were already 132 of them. Although since the beginning of 2013, the number of shareholders in the bank has not changed (98-99 ). On May 15, an employee of one of the branches of Ugra told a Vedomosti correspondent that it was possible to receive bank shares when placing a deposit: a sale and purchase agreement is signed, but in fact the securities are given as a gift. According to him, it was possible to get the shares by contacting the branch: no one told him that "this is cancelled." However, the next day, an employee of the same branch of the bank said that the bank did not and did not have such a promotion, and all deposit offers were posted on the bank's website. In another branch of Yugra, the correspondent of Vedomosti was also informed that when opening a VIP deposit, shares are entitled to it as a gift.
Yugra is in the top 30 in terms of assets and in the top 20 in terms of funds raised from the population. The rise of Yugra was swift: back in 2012, the bank ranked 272nd in terms of assets, but only three years later it entered the top 35. During this time, the bank was owned by 12 individuals, but market participants indicated that all these years the bank was de facto controlled by Moscow developers, the owners of Gorbushkin Dvor, Yuri and Alexei Khotin. The Central Bank has repeatedly demanded that the bank bring the shareholder structure in line and disclose the real owners. This happened only in January 2016, when Alexei Khotin appeared among the owners of Yugra. Now he is the majority shareholder of the bank - he owns 52.42% of the bank's shares through the Swiss Radamant Financial AG. At the end of June, the bank announced that it was changing its ownership structure: the Russian JSC "Direct Investments" would enter the capital, and Khotin would also be the main owner.
Shortly before the introduction of the moratorium, the Central Bank began an unscheduled inspection of the bank - the regulator's employees came to the bank in early May, after the bank had a failure that made it difficult to work with clients. The Central Bank employees intended to check the completeness and timeliness of the fulfillment of obligations to customers during an emergency, deposit operations and operations with other attracted funds of individuals, as well as the bank's information technology, a person who knows this from the Central Bank employees told Vedomosti. However, then the regulator took up the review of the bank's loan portfolio, he says. Dmitry Shilyaev, the presiding officer of Yugra, confirmed that the bank had begun an audit of the Central Bank, but he stated that the work of the regulator's employees was solely related to the analysis of the bank's current activities after a technical failure.
The failure in Yugra happened on April 25, the bank reported, explaining it by violations in the external power supply system: they “affected the operation of the equipment included in the software and hardware complex information systems". Bank depositors reported difficulties with the return of funds. It was impossible to get money in many branches of the bank, Vedomosti correspondents were convinced after visiting them and talking on the phone with their employees. This situation continued until the evening of April 27, then the work of the bank gradually improved. RAEX methodologist Yuri Belikov was sure that the bank had problems with liquidity. A person who knows this from a friend of Khotin also spoke about this.
Since October 2016, Yugra began to observe insignificant (18,000–753,000 rubles) turnovers on accounting accounts authorized capital while its value remained unchanged (12.97 billion rubles), Belikov pointed out: in fact, there was a deconsolidation of blocks of shares on a small scale. “At the same time, the number of shareholders who did not receive any control over the bank due to the intangibility of their shareholdings increased,” he continues, summarizing: economic sense for a company whose shares are not traded on the exchange, these transactions would not carry, but they can be a way to circumvent the restriction on raising funds from the public, with a high probability of operating against the bank.
The share of new minority shareholders is insignificant and does not exceed 1%, the president of Ugra, Alexei Nefedov, reported through the press service, but he did not explain the reasons for their appearance in the capital: “In general, shareholders do not need to coordinate these operations with the bank.” “Reports about such operations are completely untrue,” the Yugra representative denied.
The situation around the bank "Ugra" is becoming more and more tense. After sending protests to the Central Bank yesterday, the Prosecutor General's Office today summoned Dmitry Onegin, representatives of the Deposit Insurance Agency (DIA) and the head of the interim administration of Yugra Bank, for explanations. Yesterday, the Prosecutor General's Office warned the DIA against illegal payments.
As it became known to Kommersant, today the Prosecutor General's Office (GP) sent a telephone message to the DIA addressed to the head of the state corporation, Yuri Isaev, and the head of the temporary administration of Yugra Bank, Dmitry Onegin (the document is at the disposal of Kommersant). “In accordance with Art. 6 of the Federal Law "On the Prosecutor's Office of the Russian Federation" in connection with the verification of the implementation of the legislation on banks and banking I ask you to send representatives of the state corporation and the head of the interim administration to the Prosecutor General’s Office by 11 o’clock on July 20.” The Prosecutor General's Office and the DIA were unable to promptly comment on this information.
This call follows yesterday's Prosecutor General's Office sending two protests to the Central Bank regarding the actions of the regulator in relation to the Yugra bank (the temporary administration and the moratorium on satisfaction of creditors' claims were announced on July 10). As follows from the documents of the State Prosecutor's Office, the prosecutors categorically disagree with the legality of the actions of the Central Bank, referring to the lack of grounds for such actions established by the Law on Bankruptcy. The prosecutors demanded that they promptly respond to their request, and until then cancel the order to introduce a temporary administration and suspend payments on bank deposits (assigned for today).
As Kommersant reported, after the instructions of the State Enterprise, the agency urgently sent letters to five agent banks to suspend payments (it is planned that payments in the amount of 173 billion rubles will be received by 260 thousand depositors). This was reported to Kommersant in agent banks. However, after that, late in the evening - at 22:33 - the DIA sent out an official comment to the media that payments would begin as planned. “In the evening, after the protest of the Prosecutor General’s Office, the Central Bank and the DIA decided to suspend payments,” Mikhail Zadornov, head of VTB 24 (one of the agent banks for payments), said today. “We held consultations - they continued until midnight yesterday, and the final decision of the Central Bank and the DIA is payments start today." From my point of view, this was the only Possible Solution for one simple reason, he added. “In reality, Bank Yugra, starting from the moment the temporary administration was introduced, is controlled by the temporary administration, and not by the previous owners. And any ambiguity in this responsibility raises questions from the point of view of who is responsible for the position of the bank, and questions, of course, from depositors, ”concluded Mr. Zadornov (quoted by TASS).
However, as reported today on the site banki.ru, not all banks began paying out on time, and customers complained about interruptions in receiving money at Sberbank branches, in particular, in Novosibirsk and Krasnoyarsk. Recall that insurance payments are made from the funds of agent banks, which are later compensated by the DIA. Thus, the risks for the distribution of money now lie with the banks themselves.
As it became known to Kommersant, simultaneously with protests against the orders of the Central Bank, the Prosecutor General's Office sent a warning to the DIA "about the inadmissibility of violating the legislation on insurance of deposits of individuals, insolvency (bankruptcy)". The document (available to Kommersant) was sent to the name of Yuri Isaev and Dmitry Onegin. The GP announced a warning "about the inadmissibility of making insurance payments to the depositors of the bank "Ugra"". “I warn you that if the illegal actions continue, the Prosecutor General’s Office will consider the issue of bringing you to justice in the manner prescribed by law.” The document was signed by Deputy Prosecutor General Vladimir Malinovsky. According to Kommersant's sources, the DIA was familiarized with the document, however, following meetings with the Central Bank and agent banks, it was decided to make payments in a planned manner so as not to escalate the panic of depositors.
President of the Center for Strategic Communications Dmitry Abzalov on the air of Kommersant FM:“Earlier, shareholders believed that they could just sit out. But, as practice has shown, now the Central Bank is still demanding compensation, so the shareholders also found themselves in a very difficult situation. They are well aware that the bankruptcy of a financial institution can be painful for them, and they will have to sell everything. The Central Bank decided to really play it safe, so as not to cover everything from the reserves. But reverse side This medal was that the shareholders began to use all their hardware resources, just to prevent the financial organization from collapsing. This is the first precedent, it shows that it will be possible to resist the position of the Central Bank. After all, none before financial institution did not successfully emerge from this confrontation, no one particularly interfered in this process. If now the prosecutor's office defends the bank, it will be possible, for example, to resist the recall system.”
Yulia Lokshina, Nikolai Sergeev, Vladislav Trifonov, Ksenia Dementieva
Why a temporary administration was introduced into the bank "Ugra"
July 10 in ranked 30th on Russian market bank "Yugra" was introduced a temporary administration. The regulator made this decision due to the presence of a threat to the interests of creditors and depositors of the bank. The provisional administration should conduct an examination of the financial position of the bank and decide whether there are grounds for its rescue. A weighty argument in favor of reorganization is the colossal amount of deposits - more than 180 billion rubles: the licenses of banks with such a volume of funds from the population have not yet been revoked. In the event of reorganization, it is possible that Yugra will become the first bank on which the Central Bank will test its own rescue mechanism - through the consolidation fund.