Rosselkhozbank: raiders in law. A lean year for Rosselkhozbank Regulations on the Board
The news pages are full of discussions and breaking news about the financial life of Rosselkhozbank. The problems of Rosselkhozbank are of concern to all clients and investors today. It is highly likely that the organization may repeat the fate of the already rehabilitated Otkritie and BinBank, and it is not a fact that it will be able to get out of the tense situation.
In 2020, at the end of the year, the country's budget for the coming years was discussed. It became known that the RSHB bank, which is on state support, did not receive financial support for 2020. Funding was denied.
Banking specialists and analysts attribute this to a large number of problem loans. To avoid large defaults, the bank needs to create a reserve that can financially keep the RSHB afloat. Additional capital for reserves and elimination of troubles will require no small amount: more than 50 billion rubles. The state, most likely, is unable to make such investments, and therefore did not include the RSHB in the state budget 2020-2020.
There is an opinion that the state refused to finance the bank due to changes in oil prices for the worse, as well as tough external sanctions. The budget is suffering, so you have to choose from lesser evils in order to save the country's economy and reduce costs.
Another reason, according to experts, is the availability of other more important projects for financing, and Rosselkhozbank will be able to solve everything on its own.
Problems in Rosselkhozbank
The first is the lack of capital. In 2016, according to the reports of the institution, loans for 160 billion rubles were established. It's all problematic loan agreements for which no payments are received, there are delays of more than 3 months.
This year, the company was able to recover and reserve 58 billion rubles, with the help of its own resources and state support. Rosselkhozbank has no government funding for next year.
The second is debts for previous years. RSHB profitability for 2020 is negligible. It will go to pay off debts that the bank acquired several years ago.
The third is the reduction of staff and the closure of branches. Due to difficulties, branches in many cities began to decline. Many customers were shocked by this.
Fourth, I have a problem with payments and notification of clients. Let's talk separately.
Rosselkhozbank problems with payments
Customers began to complain about the service. It used to be easy to solve a problem or difficulty that arose by contacting the bank's hotline. Now, in order to get an answer to a question, you need to contact the phone several times, go to the office and personally control everything.
Owners credit cards, consumer and other contracts from the spring of this year, they stopped receiving SMS notifications about the size of the minimum payments. And if someone receives information, then, according to customer reviews, they receive false information.
The bank asks to deposit a certain amount equal to minimum payment. After payment, a notification arrives in a few days that it is necessary to bring minimum payment, equal to a small amount (most often up to 20 rubles). Minor, but annoying. Handling complaints is rarely dealt with, office staff or hotline they simply recommend making a payment, citing a malfunction.
For contact
- Official site - https://rshb.ru/;
- Tel. – 8-800-1000-100.
Rosselkhozbank clearly has problems. Despite the statements of the bank's representatives that they will cope with problem loans and debt load without government funding, analysts are inclined to the worst case scenario.
The Patrushev clan uses Rosselkhozbank for criminal business and robbery of its assets.
The decision of the Artemovsk City Court came into force ( Sverdlovsk region), which satisfied the civil claims of Rosselkhozbank OJSC against Agrofirma Artemovsky LLC and its owner Sargis Eiriyan for the recovery of overdue loans for total amount 24.7 million rubles, as well as the arrest collateral(production equipment of the company, which is used in the production process for growing broiler chickens).
Eiryan repeatedly disputed judgments in favor of the RSHB, but Themis invariably turned out to be on the side credit institution… Meanwhile, the leadership of the Rosselkhozbank itself is squandering state money and engaging in raiding. In the Voronezh branch of the Russian Agricultural Bank (RSHB), which lends to almost all major agricultural projects in the region, the second director changes in less than a year - Alexey Bykov leaves the post after seven months of work.
Rosselkhozbank does not explain the reasons for his departure. Mr. Bykov's colleagues say that his tough style of working with debtors "did not fit" into the bank's policy. But the largest regional borrowers and regional authorities do not find shortcomings in its activities. Do not find shortcomings in the work of the dismissed banker and independent observers. The reason for the removal of Alexei Bykov, in their opinion, is his professional adherence to principles. He simply did not accept the long-existing vicious system of work of the RSHB, with which the bank is saturated through and through!
"Laundering" bank
Rosselkhozbank has been showing huge losses for a long time. As follows from the reporting of the Russian Agricultural Bank under RAS as of January 1, 2016, its net loss for 2015 amounted to 72.6 billion rubles. This is a record for him since 2008. By the way, a year ago the RSHB also showed losses. In particular, in 2014 the loss of Rosselkhozbank amounted to 7.5 billion rubles. Experts are wary of such a significant increase in RSHB losses in just one year. And this despite the fact that Russia is pursuing a policy of anti-sanctions, closing its borders to European products and helping domestic producers.
It would seem that the Russian agricultural market should be on the rise, and the RSHB should show a profit, but instead, only continuous losses were recorded in the statements of this bank.
"Our debts are heavy"?
Rosselkhozbank (RSHB) "overgrown" bad debts. As it turned out, the volume of overdue debts in its corporate portfolio under RAS increased over the year from 165.8 billion rubles. up to 226.2 billion rubles. The level of delay - from 13.4 to 14.9%. According to Moody's estimates, as of mid-2015, the portfolio of problem loans was only slightly more than a third reserved. According to the bank's statements, the coverage of overdue debt reserves was 87%, as of December 1, 2015 - 66%, as of January 1, 2016 - 78%. For comparison, as of January 1, 2016, this ratio for Sberbank was 190%.
Will the government help us?
It would seem that Dmitry Patrushev, Chairman of the Board of Rosselkhozbank, should make every effort to save the financial institution, but instead, the RSHB continues to corny "pull" money from the state. For example, in May 2015 Russian government signed an order on additional capitalization of Rosselkhozbank for 10 billion rubles. This money helped the bank compensate for losses accumulated since the beginning of 2015 in the amount of 9.2 billion rubles.
At the same time, at the time of requesting an additional 35 billion rubles, in the RSHB out of 1.4 trillion rubles. total portfolio of the bank 429 billion rubles. (31%) accounted for problem loans, as well as those loans, the quality of which raises questions. A year earlier, the situation at Rosselkhozbank was no better. The thing is that in 2014 the RSHB received 30 billion rubles from the state: 5 billion through an additional issue and 25 billion through the conversion of a subordinated loan from VEB. This helped the bank to create reserves for 56 billion rubles, and the bank's capital was reduced to 198 billion rubles.
It turns out that Dmitry Patrushev solves the problems of the bank he manages at the expense of subsidies from the budget. In fact, Rosselkhozbank has become a "financial freeloader".
Patrushevs
Experts have a lot of questions to Dmitry Patrushev himself, who headed Rosselkhozbank in 2010 (at the age of 33). As it turned out, Dmitry Patrushev managed to unlearn at once in four universities: at the Higher School of the FSB, the State University of Management, the Diplomatic Academy and the St. Petersburg University of Economics and Finance. At the same time, experts do not understand how he had enough time to study at four universities and at the same time be vice president of VTB, where he worked before moving to Rosselkhozbank.
By the way, before the arrival of Dmitry Patrushev to Rosselkhozbank, an inspection of the prosecutor's office was carried out. Following his arrival, many leading managers left the bank, including a member of the board of directors (at that time) Agriculture Elena Skrynnik and Deputy Chairman of the Board Arkady Kulik, the son of the former Deputy Prime Minister of the Russian Federation for Agriculture Gennady Kulik. According to experts, the fact that Rosselkhozbank helps the “Patrushev family business” suggests that the head of the RSHB can be suspected of abuse of office.
bank invader
It is worth noting that Rosselkhozbank prefers to take the assets of debtors in whole holdings, which clearly makes this bank related to ordinary raiders. As a rule, the RSHB begins to bankrupt its debtors, not meeting them halfway and creating additional difficulties with the repayment of the loan. However, the Antipins agricultural holding started having problems with the RSHB. In particular, the Rosselkhozbank unexpectedly refused the Emerald Country in the previously promised "short" loans for the sowing campaign, without which almost no agricultural enterprise can do.
Antipins could do without these loans, but decided to purchase new equipment. However, this time the bankers refused loans, and even demanded early repayment parts of previously received loans. Experts considered that the RSHB attack on the "Emerald Country" followed the scenario of the "dashing 90s".
"Squeezing" assets "on a grand scale"
Rosselkhozbank has previously taken away their assets from businessmen-agrarians. For example, the Samara branch of the Russian Agricultural Bank took all the assets of one of the largest market participants in the Samara region, the agricultural holding ALIKOR Group, for debts. The following assets were transferred to the ownership of Rosselkhozbank: OJSC Bezenchuksky Elevator, OJSC Podbelsky Elevator, OJSC Pokhvistnevsky Elevator, OJSC Koshkinsky Elevator, OJSC Alekseevsky KhPP, OJSC Zhito (flour mill), OJSC Samara Feed Mill ”, a pig farm under construction in the Krasnoarmeisky district, an oil extraction plant on the basis of the Bezenchuksky elevator, as well as three dairy complexes for 1200 heads and agricultural land with a total area of about 200 thousand hectares.
Also, Rosselkhozbank received such assets as the Crimean fishing holding Blue Sea, the largest meat producer in Leningrad region"Parnas-M", the sugar factories of "Euroservice", the meat processor "Buryatmyasoprom", the grain processing enterprise "Zernostandart-Kostroma" LLC, OJSC "Mill Combine in Sokolniki", etc. It seems that instead of developing the Russian agricultural market by lending to farmers, the top managers of Rosselkhozbank are engaged in banal raiding.
Gang friendship?
Against the backdrop of how the RSHB takes assets from ordinary farmers, rumors have appeared in the business community that Rosselkhozbank may be associated with organized crime and may support the business of “criminal elements”. The thing is that earlier the Russian Agricultural Bank OJSC was engaged in lending to a business controlled by the infamous Tsapkovskie organized crime group from the Krasnodar Territory (it is also the Tsapkov gang). Simply put, Rosselkhozbank credited Tsapkov.
"Worthy" local colleagues
After the Rosselkhozbank was headed by Dmitry Patrushev, top managers of RSHB branches were increasingly accused of asset stripping. For example, the former heads of the Altai branch of the Russian Agricultural Bank Evgeny Rogovsky and Konstantin Gladyshev are suspected of fraud in lending to one of the companies that has accumulated a debt of 20 billion rubles.
Why Rosselkhozbank suffers losses amid resurgent agriculture
At the end of last year, for the first time in many years, the government of the Russian Federation recognized the work of one of the leading Russian banks, Rosselkhozbank, as unsatisfactory. Finance Minister Anton Siluanov, in an interview with TASS, said that the entire profit of the RSHB for 2017 the year will go to pay off debts.
“Unfortunately, due to the inefficient work of the bank, we have to generate additional funds for the bank to work and fulfill its obligations to creditors,” the minister said. “The support from the budget in the amount of 20 billion rubles, which will be provided to the bank this year, will also go not for dividends and the fulfillment of additional obligations, but for paying off debts and increasing lending,” Siluanov emphasized.
Due to the inefficient work of the RSHB, now officially recognized by the government of the Russian Federation, until recently, it has been annually capitalized under the program to support agriculture. So, in 2015, the bank received 10 billion rubles from the budget into capital, in 2016 - 8 billion rubles, in 2017 - another 5 billion rubles. In addition, significant support was provided to the inefficient bank, for example, by the Federal Property Management Agency, which in August bought out an additional issue of the RSHB for 25 billion rubles. In total, in 2018–2020, the bank expected to receive another 60 billion rubles with its help!
The inefficiency of RSHB banking is accurately calculated by market analysts. Thus, the average margin of RSHB last year was 2 percent, while the average for the sector is above 4 percent.
Banking specialists and analysts associate the problems of the RSHB with a large number of problem loans. To avoid large defaults, the bank needs to create a reserve that can financially keep the RSHB afloat. Additional capital for reserves and elimination of troubles will require no small amount: more than 50 billion rubles. The state, as it became clear, is unable to make such investments, and therefore did not include the RSHB in the state budget for 2018-2020.
Despite statements from bank representatives that they will cope with problem loans and debt without government funding, analysts are inclined to the worst-case scenario. There is a high probability that the organization may repeat the fate of the rehabilitated Otkritie, Yugra and BinBank.
It is worth recalling that problem loans and debt load did not bother the RSHB until 2010, when new management came to the bank, and Oksana Lut was appointed to the position of director of the Department for organizing work with clients, a key division of the RSHB. Previously, she headed the department for work with non-core assets at Rostec, where she described the mainstream of her activities as follows:
“We will certainly involve independent appraisers and ensure maximum transparency in all types of work related to the use of non-core assets.” The decision on what to do with a non-core asset - re-profiling, leasing, selling, reconstructing or starting new construction - will be made after the analysis. All actions will be coordinated with the enterprises and holdings that are part of the state corporation.”
But, as it turned out, Oksana Lut acted according to a completely different scheme both in Russian Technologies and RSHB, which had nothing to do with effective management. “The function of Ms. Loot was to carry out, with the help of “friendly structures,” the so-called independent assessment of assets at liquidation value,” one of the regional publications described the activities of this “highly effective” top manager, having studied how Oksana Lut implemented projects in Altai Territory. - As practice shows, usually in such situations, the new owners are already known. And, as a rule, it is they who order such large-scale raider seizures.
It was with the advent of Oksana Lut in the bank, as the author of the publication writes, that “the RSHB turned into a real raider. One after another, cases fell down against the largest and most proven borrowers in the regions of Russia. The bank began to demand early return loans, filing lawsuits in batches, initiating pseudo-loud investigations. Those who could not repay their debts on time had their assets taken away.”
Victims of such, if I may say so credit policy RSHB steel, as the newspaper writes, the Samara group "Alikor", 10 elevators, which the RSHB took for debts from the once one of the largest grain companies in Russia - "Nastyusha", the Crimean fishing holding "Blue Sea", the largest meat producer in the Leningrad region "Parnas -M”, sugar factories of Euroservice, meat processor Buryatmyasoprom, grain processing enterprise Zernostandart-Kostroma LLC, Moscow-based Mill Combine in Sokolniki, etc.
Of the largest agricultural enterprises that fell under the RSHB banking rink, which was managed by Olga Lut, one can name the leader in poultry farming and food processing in the Volga region, one of the largest poultry farms in Russia, Akashevskaya, and the Altai agricultural holding Emerald Country.
Oksana Lut in all cases acted according to a scheme worked out to the smallest detail: the most clean and debt-free assets were valued at liquidation value, that is, for pennies, to the new owners, “and the old owners will have to give the RSHB inexplicably formed debts.
Instead of carefully and competently lending to Russian agricultural producers, the management of the RSHB, where Oksana Lut played the first violin, deliberately brought them to bankruptcy and took their assets.
As a matter of fact, from here, as they say, the legs of a huge number of problem loans of the RSHB grow. This is the reason for the real paradox: while the Russian agribusiness is showing solid growth, the leading state-owned agricultural bank is posting record losses.
The government understands this very well and is no longer eager to indulge the specialist in " independent evaluation» Oksana Lut, through whose efforts one of the largest systemic banks in Russia came to the brink of bankruptcy and, according to market participants, is simply not able to cope with their problems on their own.
The fact that not all is well in the Russian banking sector, as they say, is beyond dispute. The main reasons for the inefficient work of many credit institutions are becoming clearer, including even such backbone ones as Rosselkhozbank, whose managers managed to drive the bank into a crisis against the backdrop of the powerful growth of the Russian agro-industry, which could and should have been credited with benefit not only for the farmers themselves, but also for RSHB. Here is the trouble of many state structures in which the development of corporate strategy is entrusted to young professionals who have nothing in common with professionals of the old school, who did not confuse, as they say, their personal wool with the state and valued both their own and corporate reputation.
Apparently, Oksana Lut, from the very beginning of her career at the RSHB, rather cynically, one must think, chose other criteria for success for herself, and the board of directors of the bank turned a blind eye to this until recently, since governmental support allowed plugging the black holes of the bank balance sheet. One can only guess what damage was eventually brought to the Russian agricultural industry as a result of the liberalism of the Ministry of Finance and the regulator in relation to the mentioned inefficient managers of this credit institution. Although, perhaps, Russian law enforcement officers will still have to assess this damage and weigh it on the scales of an impartial Themis.
05.02.2018 09:00
The general director of VEB Capital has an adviser, VTB has appointed the head of the united block VTB Capital Investments, Sberbank and Alfa-Bank - the chairman of the board of subsidiary banks, MegaFon - the head of brand management. In "RSHB - Life Insurance" the general director was replaced, "Rosgosstrakh" was left by the vice president.
General Director's Advisor "VEB Capital", a subsidiary investment company of Vnesheconombank, was appointed . This was reported by the press service of VEB, specifying that his experience will help in creating an effective mechanism for working with financial market participants and developing new investment products. For the past five years, Aganbegyan has worked at Otkritie Holding, since 2017 he has been a member of its board of directors and has been president of FC Otkritie Bank. In 2010-2012, he headed the Moscow Exchange, before that - "Renaissance Investment Management" and IC "Renaissance Capital".
VTB announced the appointment Vladimir Potapov head of the brokerage department - senior vice president, and also chief executive officer of the new combined business - VTB Capital Investments. It integrates VTB Capital Investment Management, VTB Capital Broker, VTB Forex and the bank's brokerage department. Potapov joined VTB Group in 2010, since 2013 he has been Chairman of the Board of Directors of VTB Capital Asset Management and heads VTB Capital Investment Management. Previously, in 2003-2010, he worked for Troika Dialog.
Became acting chairman of the board of a subsidiary bank Sberbank in Ukraine. Igor Yushko, who held this post since November 2008, left him due to the completion of the contract, is specified in a press release from the credit institution. Knyazeva joined the Ukrainian Sberbank in 2010, since August 2012 she has been deputy chairman of the board. Since 1994, she has been working at Ukrsotsbank for 15 years.
Chairman of the Board Alfa Bank appointed in Belarus. In addition to general management of the bank, he will oversee the legal department, security, compliance and administrative services. Smolyak has many years of experience in the banking sector of Belarus, in 2005-2018 he held senior positions in MTBank, earlier in MinskComplexBank and Belvnesheconombank.
Became CEO companies RSHB - Life insurance. Prior to his appointment to this post, he was a member of the top management Rosselkhozbank and led the department of small and medium-sized businesses. Deputy Chairman of the Board of Rosselkhozbank became the Chairman of the Board of Directors of the insurer Irina Zhachkina. The Board of Directors also included other representatives of the management of Rosselkhozbank: First Deputy Chairman of the Board Dmitry Sergeev, deputy chairmen Oksana Lut and Kirill Levin, head of operations department financial markets Sergey Fetisov.
Prime Minister Dmitry Medvedev appointed Maxim Uvaydov and Oksana Lut as Deputy Ministers of Agriculture. Government orders are posted on the website of the Cabinet of Ministers. Earlier, Uvaydov and Lut were appointed advisers to the head of the Ministry of Agriculture.
The fact that Maxim Uvaydov can become a deputy minister, a source of Agroinvestor, close to the Ministry of Agriculture,. Also among the candidates that were considered for this position, he called Elena Fastova. She became Deputy Minister. Like Fastova, Uvaydov is a man from the team of the current Deputy Prime Minister Alexei Gordeev. In addition to the fact that he headed the department of legal support of the agricultural department during the period when it was headed by Gordeev, since 2009 Uvaydov has worked with him in the government Voronezh region. In May, Kommersant, citing a source in the region, wrote that Gordeev lobbied in Ministry of Agriculture namely Uvaydov, in order to "have his reliable support and eye there." “Uvaydov is a smart and cunning person. He will work for the minister, but in Gordeev's team," the source said.
Unlike Uvaydov, Oksana Lut came to Ministry of Agriculture from the team of the current Minister of Agriculture Dmitry Patrushev - since 2010 she worked at Rosselkhozbank, since August 2015 she was deputy chairman of the board of the bank.
Thus, two people each, who had previously worked with Patrushev and Gordeev, became the new deputy heads of the agricultural department after the change of minister. In early June, from Rosselkhozbank to Ministry of Agriculture passed the former. In mid-June, Yevgeny Gromyko, a longtime associate of the former Minister Alexander Tkachev, and Yevgeny Nepoklonov, who was deputy head of Rosselkhoznadzor, left the department. A little later, Elena Astrakhantseva left, before. According to the regulation on the Ministry of Agriculture, the head of the department is allowed to have eight deputies. Given the new appointments, the staff is now completed. First Deputy Minister Dzhambulat Khatuov, Ivan Lebedev (state secretary of the ministry), Sergey Levin and head Rosrybolovstvo Ilya Shestakov. The latter has been working as a deputy minister for the longest time - he was appointed to it in July 2011, when Elena Skrynnik was in charge of the Ministry of Agriculture.
Maxim Uvaydov was born on June 17, 1977 in Dushanbe, Tajik SSR. In 1998 he graduated from the Kuban State University majoring in jurisprudence. He began his career at the production company Krasnodarglavsnab, where he worked as a legal adviser. In 1999, he was appointed Chief Specialist of the Legal Department of the Department of Agriculture of the Administration of the Krasnodar Territory. In 2001, he moved to the Department of Legal Support of the Federal Ministry of Agriculture, was appointed head of the department of arbitration and civil procedure. From 2002 to 2007, he was Deputy Director of the Department of Legal Support of the Agricultural Department, then became the Director of the Department. In 2009, he accepted the offer of the Governor of the Voronezh Region Alexei Gordeev to join the government of the region, and was appointed head of the Department of Property and Land Relations. In December 2012, Uvaydov became deputy chairman of the regional government, also retaining leadership of the department.
Oksana Lut was born in 1979. In 2000 she graduated from the Financial Academy under the Government of Russia with a degree in finance and credit. Before coming to Rosselkhozbank she was head of the Non-Core Assets Service of the Department investment projects state corporation to promote the development, production and export of high-tech industrial products "Russian Technologies". In October 2010, she headed the department for organizing work with clients RSHB, in March 2011 she became the director of the corporate business development department of the bank, later - the corporate business department. From June 2013 to August 2015, Oksana Lut headed the Department of Large Business, then became Deputy Chairman of the Board
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