Deductions of the bank "Yugra" to the deposit insurance fund (FSV, see the cut) in the I quarter increased 5.5 times compared to the same period last year - from 150 million to 828 million rubles. The population's contributions to Ugra during this time increased by less than 10% - to 182.9 billion rubles. The representative of the bank did not explain why this increase is connected.
In October 2016, the board of directors of the DIA increased the increased extra rate: from the first quarter of 2017, the premium would be 400% of the base contribution rate, which is quarterly paid by all banks that raise funds from the population (0.12%). And from the second quarter of 2017, the surcharge will increase to the maximum envisaged - 500%. Deductions are calculated based on the average for the quarter size of the attracted funds of the population.
In the case of Ugra it can be seen that the estimated rate of the bank's contributions to the deposit insurance system at least significantly exceeds the base rate (0.12%) and the additional (0.18%) rates and is closer to the increased extra rate (in 2016 it increased From 0,3 to 0,6%), RAEX leading methodologist Yury Belikov notes. According to him, the tariff for the bank from Q2 2016 to Q1 2017 increased from 0.26 to 0.49%.
A "dubious" or "unsatisfactory" assessment of the financial position of the bank, which in addition to financial indicators (capital, assets, liquidity) includes the quality of risk management and internal control, the availability of restrictions on the implementation of certain operations in relation to the bank , Belikov recalls the requirements of the Central Bank. The regulator does not disclose information on such assessment of banks. Obtaining a "dubious" or "unsatisfactory" estimate for financial performance is rather difficult, since the criteria are fairly loyal, Belikov points out, more often pay premiums at higher supplementary rates of banks with existing restrictions or poor risk management.
There are no such banks. The increased additional contribution rate for January-March 2017 was paid only by three banks, the deputy chairman of the Central Bank Vasily Pozdyshev said on Friday. The three of them, he said, paid DIA 1.2 billion rubles.
The press service of "Ugra" only assured: "Clear criteria [for which the Central Bank sets the banks an increased rate of deductions to FSV] are not disclosed. Now the level of capital and liquidity of the bank comply with the standards of the Central Bank. "
"Yugra" pays an increased additional rate, most likely because of the restrictions or prohibitions from the Central Bank, said the head of the group of bank ratings ACRA Cyril Lukashuk. There can be no restrictions, he points out, but the Central Bank may consider the bank's policy regarding capital, assets and liquidity too risky.
70% of Yugra's loan portfolio (152.7 billion rubles as of March 31) accounted for 26 of the largest borrowers, it follows from the IFRS of the bank. This is one of the highest rates in the country, it is quite a lot, especially for a large bank, says Lukashuk.
This is dangerous because the default of one borrower can lead to the formation of significant reserves and loss of capital, he explains.
The bulk of loans - 192 billion rubles. After deducting reserves - the bank assesses "for impairment" on an individual basis, i.e., these loans are not only significant in size, but also some have signs of impairment, reports Ugra. They are reserved for 16.9% - 39.2 billion rubles. The bank did not disclose how much of the loans are related to the companies connected with the owners. It is so high that it prevented the bank from replenishing its capital on the state program at the expense of OFZ. "When they fulfill [the requirement of the Central Bank to reduce lending to related parties] - they will [enter the program] immediately," said Deputy Minister of Finance Alexei Moiseyev.
The sectoral structure of Yugra's portfolio (40.2% - loans to oil and gas companies, chemical companies, 28.8% - construction and real estate, given IFRS) resembles the business of the main owner of the bank Alexei Khotin and his father Yuri. They own in Moscow SEC "Gorbushkin Dvor", "Filion", wrote Forbes. In 2012, they bought from Sberbank NK Dulisma, the magazine reported, in 2013. Alexey Khotin acquired 30% of Exillon Energy (which is mining in Khanty-Mansi Autonomous District and Komi), in 2014, Dulisma acquired Irelakhneft (produces oil In Yakutia), in 2015 - Negusneft. In 2015, the Khotins bought from Nafta Moskva Suleiman Kerimov the gallery "Fashion season" in the hotel "Moscow".
As a reserve adjustment, collateral for loans is used, the press service of Yugra pointed out, only 20% of the portfolio - 46.3 billion rubles - was not provided. In IFRS, there is no minimum level of reserves, the quality of loans is estimated based on the value of collateral, from the future cash flows of the borrower, notes Roman Königsberg, Head of Risk Management Practice at FBK. In general, the reservation at the level of 15% is normal, says Deputy Director General of FinExpertiza Natalia Borzova.