Bank Yugra had to reclassify a significant portion of its loan portfolio to a lower quality category. According to the bank's report for 2016, loans for 77 billion rubles. (28% of the portfolio) were considered "problematic" and "hopeless." As a result of the formation of adequate reserves, the bank by the end of the year became the leader in losses among Russian credit organizations. But the bank assures that the period of anomalous growth of reserves is passed, and compensate 28.5 billion rubles. His shareholders promise.
On Friday, Yugra Bank published its annual report for 2016, where he reported that the share of loans of the 1st and 2nd quality categories (according to the provision of the Central Bank of Russia 254-P, these are the most qualitative loans) decreased in the portfolio from 43 , 4% to 19.24%.
The report indicates that as of January 1, 2016, the volume of the bank's loan portfolio was 296.2 billion rubles, of which 130 billion rubles. Belonged to the 1 st and 2 nd quality categories ("with no credit risk" or "moderate credit risk"). The volume of loans of the 4th and 5th categories of quality ("problem" and "hopeless") at that date was just over 17 billion rubles.
In 2016, the loan portfolio of Yugra fell to 275.4 billion rubles. At the same time, the volume of loans of the 1st and 2nd quality categories decreased more than twice, to 53 billion rubles. And the volume of loans of the 4th and 5th categories increased more than threefold, to 62.4 billion rubles. Simultaneously, the volume of formed reserves for possible losses for the year almost doubled, from 37.3 billion to 64.5 billion rubles. As a result of such significant deductions to reserves in 2016, the bank "Yugra" became the record holder for losses. According to the reports on the website of the Central Bank (102nd form), its loss in 2016 amounted to 32.79 billion rubles.
As a result of 2016, the bank "Yugra" was 33rd in terms of assets, 48th in terms of equity and 15th in terms of individuals' funds, according to the Interfax rating. The controlling beneficiary of Ugra is businessman Alexei Khotin.
Despite the transfer of a significant part of the loans to a lower quality category and significant allocations to reserves, the report says that more than 99% of loan loans do not have late payments. Banks usually do not have such a significant discrepancy in the amount of reserves and overdue debts, experts say. "In practice, the reclassification of loans to a lower quality category is often associated with restructuring (prolongation, deferred payment of interest, etc.) and revealing signs of a lack of real activity for the borrower (mass registration address, small tax payments, etc.) The Managing Director for Banking Ratings "Expert RA" Stanislav Volkov points out. "Now, when inspecting the Central Bank, the most massively uses is the argument about the presence of signs of a lack of real activity, on the basis of which it requires additional charges I reserve, although formally the bank has no problems with servicing these loans. "
Reclassification of loans to lower quality categories was due to a reassessment of clients' risks, explained Alexei Nefedov, the president of Ugra Bank, to Kommersant. "The bank prolonged some loans, realizing that the borrower, based on the current state of the business, will not be able to repay on time, but will be able to repay later." Other loans were reclassified on the recommendation of the Central Bank or on the basis of the financial statements of borrowers, At the moment, we have fully formed reserves for these loans, and the bank does not expect much more allocations to reserves this year. " According to Mr. Nefedov, the cost of additional reservation in the amount of 28 billion rubles. Were fully compensated by the shareholders of the bank. The bank's report indicates that at the end of February, shareholders decided to compensate for the loss by providing the bank with gratuitous assistance in the amount of 28.5 billion rubles.