Saturday, January 23, 2016

“Rostec” promised to help Novikombank money – RBC

The building Novikombank Yakimanskaya Embankment in Moscow

Photo: Krasil’nikov Stanislav / TASS

According to Chemezov, on Friday, January 22 the bank will additionally capitalized in the necessary amount, and “Rostec” will increase its share in it. “At the moment, about finding investors are not talking” – he said.

It is estimated Fitch, for bank recapitalization should be at least 6 billion rubles. until the third quarter of 2016.

«Rostec” will increase its stake to at least superkontrolnoy, said in the press service of the state-owned corporation (it is believed that it is more than 75% of the shares. – RBC’s ). The process has already begun. On Wednesday, the bank disclosed that the National Center for laser systems and complexes “Astrophysics” (included in the holding “Rostec”) has bought an additional issue Novikombank and he owns 9.97% of the enlarged share capital.

Currently, the Bank of Russia conducts check Novikombank, it aims to re-evaluate the bank’s assets to the new economic realities as well as the coordination of the recovery plan of the bank, said in a release.

Last week, the press service of “Rostec” spread the message with information about finding an investor for bank. Wrote RBC guide “Rostec” was negotiating to join the bank’s capital to the owner of “Uralsib” Vladimir Kogan. The negotiations were with several investors, including Kogan, but it was not about the sale of a controlling stake. Sources RBC says it plans a complex transaction is not excluded asset swaps. Officially, the press service of “Rostec” reported that the bank does not rule out the possibility of consolidation of assets with other market participants, but a readjustment Novikombank or sale “Rostec” controlling interest Kogan of the question.

Earlier, the newspaper “Kommersant” reported on a bank check of the Central Bank: “The quality of assets is such that they require a substantial dorezervirovaniya, they told a few interlocutors” b “on the banking market, the familiar with the situation in Novikombank. The exact size of the “hole” is unknown. According to some estimates, tens of billions of rubles. “According to my information, the volume of loans, requiring additional reserves may reach all the 100 billion rubles.” – Says one of the interlocutors “Kommersant” wrote “Kommersant” in the article “From the sanctions to sanitation,” published January 14.

Novikombank, included in the top 50 banks in terms of assets (275.3 billion rubles. on December 1), came under US sanctions in December last year. He’s 57.68% owned by the state corporation “Russian Technologies”, which is under sanctions from the autumn of 2014.

Last “Rostec” capitalize the bank in May 2014. “We assumed that” Rostec “will be more agile in terms of providing support to the bank, but, unfortunately, it is not. It was provided, but the amount that the bank was not closed all the needs. “Rostec” – a large structure, which stands for the state budget and the bank, in fact, performs the functions of the Treasury. With the support should be no problem, but in fact she did not come, and instead began to talk about the search for a strategic investor, “- said Fitch analyst Alexander Danilov.

January 20 Fitch downgraded the long-term issuer default rating (IDR) Novikombank from B to B-, placing it in the list for review with the possibility of reducing (Rating Watch Negative). The downgrade, analysts explain the increased asset quality problems and the lack of adequate financial support from the majority shareholder.

The loan portfolio Novikombank exceed 150 billion rubles. (December 1, 2015), mainly corporate loans. According to Daniel, only 30% of the portfolio – are loans “Rostec” and its enterprises, 70% – it’s loans to private companies, and they are riskier. “At the beginning of 2015 the share of loans overdue more than 90 days in the bank amounted to 3.2% of the loan portfolio, by July 1, it increased to 12%, it is given credit” Transaero “- said Danilov.

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