Siege of Vneshprombank: the bank is looking for new investors

The bank, established due to the former manager of Menatep Alexander Zurabov and Artur Chilingarov's son, is disconnected from the bank payment system (BESP) and tries to find the money to replenish capital.
Origin source
The Bank of Russia from December 16, disabled Vneshprombank, included in the top 35 Russian banks by assets, the system banking electronic payments (BESP), Forbes reported last three sources in the banking market.

In early December, the bank has violated all three capital adequacy ratios - N1.0 dropped to 7.84% (required at least 10%), N1.1 - up to 3.76% (not less than 5%), N1.2 - 5 42% (not less than 5.5%). The newspaper "Kommersant" noted that this was the result doformirovaniya reserves at the request of the regulator, carried out in a test bank. According to two sources of Forbes, the Central Bank demanded doformirovaniya reserves of 7 billion rubles.

Vneshprombank tried to challenge the requirement of Bank of Russia, said a source close to the bank.

Vneshprombank December 3 was able to restore the ratio N1, which was due to an increase in capital by attracting a subordinated deposit in the amount of 3 billion rubles from O1 Boris Mints at 12% per annum. After the capital increase the bank's own capital amounted to 25.5 billion rubles. According to the resource, aggregating reporting banks in November Vneshprombank granted a loan for a year exactly sinceth same amount in rubles to non-residents. In addition, accommodation is allocated 49.5 billion rubles on correspondent accounts with non-resident banks at the rate of less than 1% of the bank statements.

Director of the bank rating agency "Rus-Rating" Larisa Makarenko said that the bank is positive regarding their risks, maintaining reserves at a level of 2.8% of the loan portfolio. "The risks of lending in the current macroeconomic environment is much higher, in spite of the low level of implementation in Vneshprombank. The probability that the bank borrowers also face challenges at the moment is very high, and one way or another bank needs an adequate supply redundancy, "- says Larisa Makarenko.

Bank over the past few years was one of the leaders in the growth of assets - from 1 January 2013 to 1 December 2015, they increased by 162.7 billion rubles (135%), due to this bank was in the top 35 by assets. According to the report, despite the difficulties in the economy and significant growth of assets, overdue loans were in the range of 1% of assets (1.6 billion rubles).

According to Moody's analyst Lev Dorf, lastweek it has downgraded the bank's rating at level «B2» to «B3», which was associated with high risks faced by the bank in a deteriorating economic environment and the volatility of the operating environment. "The last two years, the bank quickly grew its loan portfolio. At the same time as growing share of unsecured lending, and reserves and capital levels remained at a very low level ", - says Dorf. According RAEX Agency, which on Monday downgraded Vneshprombank (to "A" level), a negative impact on Russian banks' lending credit rating risky policy influence and the high proportion of loans to borrowers with signs of lack of real activity.

Forbes Sources claim that the head of the bank's Larissa Marcus was yesterday the Bank of Russia and allegedly discussed the deal with new investors.

According to two sources, the applicants called the major shareholder of "Uralsib" Vladimir Kogan and BIN Group. Last held in bonds Probusinessbank several billion rubles, according to two sources among Kazakhnacheev. In Binbank declined to comment. Representative Kogan says he is not interested in Vneshprombank. It is possible that interest to the bank can show "Transneft" and "Zarubezhneft", who held funds on current accounts Vneshprombank. In "Transneft" declined to comment.

According to the Central Bank, at the BIG 19 shareholders, 18 of which have a share of less than 10%. Marcus is also a shareholder with a share of 7.4%. It is an old friend of this top manager of "Rosneft" Artur Chilingarov, whose son Nicholas more than 15 years working in Vneshprombank and was CEO of "Vneshprominvestitsy". Also earlier Nikolay owned companies that are still shareholders of the bank - "Gilean" and "company XXI Century" (they have a total of 9.5%). Among the shareholders of the bank with a share of 8.2% appears Alexander Zurabov, a former top manager of "Menatep" and the former head of "Aeroflot", brother of the former Minister of Health and the Russian Ambassador to Ukraine Mikhail Zurabov. The main part of the bank's investors represented by the little-known foreigners who own Cyprus and UK companies. TOrupneyshie of them - Enterprise Emerging Markets Fund, which through FC "Priority" owned 13.89% of the bank.