The final decision on the future of the Bank “Ugra”, on the satisfaction of creditors ‘ claims which the Bank of Russia from July 10 imposed a moratorium for a period of three months, not predefined by the Central Bank. The regulator will take a decision on the results of the interim administration, which operates the Bank since the beginning of last week. According to the head of the Bank of Russia Elvira Nabiullina, first it is necessary to appreciate the full scale of the problem. “After that a decision will be made”, – said the head of the Central Bank.
In turn shareholders “Severstal” has declared readiness to carry out the reorganization of the Bank at the expense of their own funds. As stated by ex-Chairman of the Board of Bank Dmitry Shilyaev, “you need to enable the shareholders to samoozdorovlenija banks, including by attracting additional market investors.”
Allegedly Shilyaeva, the Bank did not make suspicious transactions, and all financial statements meet international and Russian standards.
As the Agency “Prime”, an unscheduled inspection of “Ugra” Central Bank, conducted after a technical failure at the end of April, even before the introduction of the interim administration, did not reveal off-balance sheet deposits: the Bank’s register of liabilities to depositors consistent with the accounting data.
“The Bank had software for generating the register of liabilities to depositors in the prescribed form and within the prescribed period. The Bank’s register of liabilities to depositors that contains metering data at the end of the day 03.05.2017, consistent with the data of accounting”, – stated in the document, which also indicates that the control was initiated on may 3, and the verification report has been compiled on July 14. Thus, unscheduled inspection lasted more than two months.
The newspaper “Izvestia” also writes that additional formation of reserves has not resulted in the Bank’s activity grounds for implementation of measures on prevention of insolvency (bankruptcy). This is stated in the certificate of the Commissioner of the Bank from June 30.
Recall that shortly before the moratorium of the Central Bank to satisfy the claims of creditors, the Bank of Russia has demanded from the “Ugra” dosdat reserves of 13.4 billion rubles. Despite the fact that the Bank promptly complied with the requirements of the Central Bank imposed a moratorium.
And the shareholders of the Bank and heads of major banking associations hope that the reorganization of the “Ugra”. In this case, to save the Bank or investor will be found at the market or the Central Bank itself, to which was transferred the authority for rehabilitation of banks the Agency on insurance of contributions.
Shareholders said that it was ready to support the Bank to full financial recovery, and assure that they are able to rectify the situation. As noted by Dmitry Shilyaev, all shareholders of the credit organization are located in Russia and are ready to start dialogue with the Central Bank to solve. “It is important that the Bank management has heard and provided the opportunity to save it,” he added.
The Bank also noted that the existing legal framework allows banks to independently conduct the procedure of self-improvement.
In the meantime, the Central Bank has not been able to find motels on the market. The largest sanatory (such as “Alfa-Bank”, & n Bank, OTKRITIE Bank) showed interest in the rehabilitation of the “Ugra”.
But according to managing Director of the National rating Agency Pavel Samiev, the lack of decisive action on revocation of the license of the “Ugra” indicates the probability of rehabilitation of credit institutions. In favor of the reorganization of the Bank was made by the President of the Association of Russian banks Garegin Tosunyan, who believes that the claims Adjuster to the “Yugra” not so significant in comparison with claims closed in March of this year, “Tatfondbank”.
The Bank “Ugra” was registered in 1990, in Megion, in November 2016, was re-registered in Moscow. In the I quarter of 2017 it occupies the 33rd place in terms of assets and 12th place by the volume of funds of natural persons in the ranking “Interfax-100″.
The Bank was capitalized several times over the past two years. 28.6 billion roubles in 2016 and 4.75 billion rubles – at the beginning of 2017.
June 7, after the requirements of the Central Bank to dosdat reserves the Bank’s main shareholder, Alexei Khotin (ranked 110-th place in the list of 200 richest businessmen of Russia Forbes with a fortune of 950 million dollars) made in the Bank’s capital to 20 billion rubles. Latest recapitalisation from the shareholder was held on 23 June in the amount of 5.1 billion rubles.