As it became known to Kommersant, in the near future a new large shareholder with almost 47% of shares will appear in Transcapitalbank (42nd in terms of assets), the daughter of the founder of the bank Vozrozhdenie and his ex-shareholder Tatyana Orlova. It will buy out packages of three foreign funds - the EBRD, IFC and DEG, who have been looking for a way out of the asset for a long time. After the deal, the key issue for Transcapitalbank is to increase capital, the regulator gave it until the end of the first quarter of 2019.
The fact that foreign shareholders of TKB come out of the capital of a credit institution, "Kommersant" told sources in the market. According to them, the share of funds (in general, almost 45%) will be bought by Tatiana Orlova. "Based on the current assessment of TKB, the price of the package could be about 3.5 billion rubles. But the final cost is much less: the funds themselves really wanted to get out, the investment period has expired, and buyers for these shares can not be found in the medium term, "one of Kommersant sources familiar with the situation tells. - In addition, the bank needs additional capitalization, and Foreign investors can not participate in additional issues because of sanctions. " In TCB they refused to comment, it was not possible to contact Tatyana Orlova.
TKB on April 1 held 42nd place in terms of assets, 55th in terms of capital in the ranking of Interfax. The largest shareholders are Olga Gryadovaya and her family (34.23%), the EBRD (28.29%), IFC (7.64%) and DEG (9.044%). The same group includes Investtorgbank, which has been reorganized by TKB since the end of 2015.
Tatiana Orlova joined TCB as a member of the board (in charge of dealing with distressed assets) in 2016, after she sold a majority stake (almost 37% of shares) in Vozrozhdenie Bank to Promsvyazkapitalu in the autumn of 2015. After the death of the founder of the bank Dmitry Orlov at the end of 2014, heirs had a conflict, the "Revival" sold to the brothers Ananyev, but his daughter Tatiana Orlova wanted to continue working in the banking market. In early 2018, it bought a 1.8% stake in TKB for 150 million rubles.
Until now, TCB remained the only bank where three foreign funds, including large packages, were retained. Since 2014, IFC has withdrawn from almost all Russian banks, the EBRD has largely failed to sell its shares, having already lost investments in Promsvyazbank and Spurt Bank.
But the change of shareholders of TKB does not solve its main problem - the capital deficit. According to Kommersant's information, the Central Bank recently agreed on a plan for the capitalization of TKB in two stages for a total of about 5 billion rubles. The first stage should be completed before autumn, the second - in early 2019.
The plan for attracting a new investor and additional capitalization was one of the conditions for extending the loan in the amount of 19.5 billion rubles, issued by TKB for the rehabilitation of Investtorgbank, Kommersant sources say. The maturity date came in the end of 2018, the Central Bank prolonged it three times. According to TKB's international reporting, the repayment date is now July 16. "The Central Bank is interested in the shareholders solving the problems on their own, and therefore they gave time to increase the capital," one of the interlocutors of Kommersant says.
TKB needs not only to increase capital, but also to solve the issue with operational efficiency. "In early 2018, the Bank carried out capitalization and changed the capital structure, resulting in the loss absorption buffer increased from 1.7% of the loan portfolio as of February 1 to 4.3% by April 1," said junior director for bank ratings of the Expert RA agency "Ivan Uklein .- But in May the aggregate capital of TKB again showed negative dynamics, including due to the formation of reserves for loans." As a result, according to him, the decline in equity since early 2016 has already reached about 37%, that is, the ratio of capital and taken risks is still not at a comfortable level.
"Plans to increase capital are definitely a positive development. Nevertheless, the bank has a weak operational efficiency over the past five years, "the expert adds. Therefore, in his opinion, in addition to resolving operational issues with the capital, it is important for the bank to "improve the business model, cope with bad debts and improve operating efficiency".