On the appointment of the interim administration, RBC reported three sources close to the bank, about the same TASS reported. “The administration pushed the bank’s management from the management, checks the quality of assets,” – said a source close to the bank. Another source close to the interim administration, adding that the administration is considering whether it is possible rehabilitation of the bank.
According to a source Tass, the introduction of the interim administration associated with the violation of a number of bank standards of the Central Bank. Another source of the agency said that the interim administration to manage the bank will hold a comprehensive review of the financial situation of the credit institution.
Also, August 7 Probusinessbank was disconnected from the electronic payment systems Bank of Russia’s BESP (through its banks settle payments), told RBC two sources close to the bank. One of them said that after the arrival of an interim administration Bank can be connected back to the system.
Central Bank and the DIA press service Probusinessbank not comment on this information.
On Friday, August 7, , agetnstvo “RusRating” downgraded the ratings of banks and companies within the group “Life”. The ratings were downgraded largest bank group “Probusinessbank” (from BB + to CCC on the international scale). The agency based its decision increasing reputational and regulatory risks with regard to the introduction of an interim administration in the bank and disconnecting it from the system of banking electronic payments. Also lowered the ratings Gazenergobank, university-bank CB “Come on!” Bank “Express-Volga” Factoring Company “Life”. The agency points out that some banks group focused on attracting resources from private investors, “the most exposed to panic in the face of deteriorating situation in the banking sector».
Need Capital
According to IFRS Probusinessbank received the results of a loss in 2014 to 3.2 billion rubles. against a profit of 2.4 billion rubles. in 2013. Since the beginning of July 1, the bank’s capital adequacy ratio decreased from 14.06% to 11.98%. The amount of the capital has not changed, and this may mean that the asset quality has deteriorated. Total assets as of July 1 totaled 133.7 billion rubles., And in the credit portfolio of Russian reporting accounts for only 20,5%.
Analysts of the agency Moody’s (in May changed the outlook on the Bank from “stable” to “negative”), Olga Ulyanov said that Probusinessbank urgently needed capital injection, as the high proportion of bad loans in its retail and corporate portfolio. “Retail loans (65% of the total consolidated portfolio) worse in the poor quality of the corporate portfolio is partly explained by the consolidation of the Samara bank” Solidarity “, which is on rehabilitation. The Bank needs to dosozdanii reserves for problem loans: our stress test, carried out by the consolidated data at the beginning of the year showed that over the next year and a half the group will need to form additional reserves amounting to 10 billion rubles . “- she says.
Losses (1.4 billion in the first half of 2015 unconsolidated accounting standards) continue to erode the historically low capital buffer adds Ulyanov.
Who painted?
The banks lost their licenses, have often used the scheme to include “draw” of securities in assets – because they are masked hole in the capital. Securities exist only in statements of their “availability” is confirmed by an extract from a fictitious depository. Confirm the authenticity of their location in the depository can neither the auditors nor the rating agencies as the depositary can provide such information only to the Central Bank and law enforcement agencies in the investigation of criminal cases.
The most famous example the use of these schemes has been in the banking group Matthew Urine. So, DIA reported that the inventory of one of its banks – “Mint” was identified shortfall in the amount of 4,2 billion rubles ., The bulk of which is accounted for securities Paper ( 3,98 billion rubles .), recorded in the depository of FC “Edvantis Capital”, the actual location is not found. A similar situation was in other banks Urine, particularly in Slavic bank Donbanke trad Bank and Uralfinprombank.
schemes for fictitious securities purchase use regional Tyumenagroprombank, which the Central Bank He revoked the license at the end of last year. Central Bank revealed the withdrawal of assets worth more than 1,9 billion rubles . by issuing loans to companies with dubious solvency, and by reflecting on the balance sheet of the bank operations to the fictitious purchase of federal bonds. Plans were in such banks as Multibank, Vostokbusinessbank, Velkombank.
Where to paper?
The rating agency also pointed out that the bank has a high share of securities in assets, but does not use them to refinance. “According to the consolidated financial statements Probusinessbank IFRS at the beginning of 2015, 24% of its assets were securities. According to the disclosure in audited statements, the vast majority of securities – liquid instruments issuers understandable, but the Central Bank Probusinessbank for them practically credited “- said Ulyanov.
At the end of 2014, Fitch indicated that the nominal value of securities of 47 billion rubles. for repos bank uses paper only 3 billion rubles. Predpravleniya FG “Life” Alexander Zheleznyakov said then, “Vedomosti” that the bank has a large part of the portfolio are not pawns and stores in Cyprus depositories. According to him, this portfolio is a good yield – 7-8%, and “liquidity cushion is on borrowed time.”
«It is strange and raises suspicion about the reality of the portfolio. Also, always be seen as within the group of banks to support each other norms “, – said independent analyst Pavel Samiev . At the end of 2012 the share of securities in the bank’s assets amounted to 14.5%, by 2013 it had increased to 24%. At the end of last year, the bank showed on balance OFZ bonds of major Russian banks (Sberbank, VTB, Gazprombank) and companies (“Transneft” Russian Railways “MegaFon»).
According to FBK partner Alexei Terekhov, the absence of securities in the Russian economic turnover does not mean that they do not exist in principle. “If the group has a” daughter “in Cyprus, then they can use the securities as collateral, so they are in a different economic turnover, and we do not see this in Russia. It is possible to verify that the regulator is precisely detailed study of the structure of assets and the return of their part here, “- he said.
RBC Source close to the interim administration, said that the papers are in stock and are not burdened pledges.
Probusinessbank, according banki.ru, takes 58th in terms of assets among all Russian banks He is part of the banking group “Life”, which in addition has involved “Express-Volga” Gazenergobank, Universities Bank Life Bank, Bank “Solidarity”, Bureau of financial decisions, “Come!” Factoring Company “Life” and “Probusiness Development”. Earlier in the same group was part of Bank24.ru who lost his license last September. The reason for withdrawal was a failure to comply with legislation on combating the legalization of proceeds from crime.
In April Probusinessbank changed predpravleniya. It is headed by Alexander Zheleznyakov was only in the post predpravleniya IG “Life.” Instead, in April, he was appointed Dmitry Dylnov previously led by another bank group – “Express-Volga».
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