Has the system of state deposit insurance in Russian banks ceased to exist?
Exillon Energy tried to calm its investors and partners.
While the shareholders of Jugra Bank, where external management is introduced, declare their ability to independently turnaround the financial and credit institution, the media reported unconfirmed information that the main owner of the bank, Alexey Khotin, allegedly had already left the Russian Federation. The businessman is planning to live in Switzerland and other countries of the world.
The share of affiliated of loans affiliated with the bank's owners can greatly surprise the regulator.
What will Yury and Alexey Khotins do after the collapse of Jugra Bank?
The financial center of the empire of "crypto-businessmen" the Khotins in the Russian Federation is Jugra Bank, has been wavering for months. The other day the Central Bank of the Russian Federation demanded that shareholders "add" to the bank's base capital half a billion dollars.
Owners of the bank are crypto-businessmen Alexey and Yuri Khotins, are to renew the bank's capital.
More than a quarter of the bank loans turned out to be problematic. The financial hole of the bank amounted to more than 28 billion rubles.
The senator is actively making over the business assets to his 21-year-old heir Said Kerimov.
The FCS deprived the Khotins' bank of the right to issue bank guarantees for payment of customs duties. If Jugra's problems continue, it could lose the license of the Central Bank of the Russian Federation.
The bank of adventurous businessmen Khotins can collapse at any time.
The most unprofitable bank in 2016, excluding credit institutions rehabilitated, became Jugra Bank, which lost 32.2 billion rubles. Only BM Bank, which is currently under rehabilitation, lost more.
Jugra Bank owned by Alexey and Yuri Khotin will still conduct IPO. Are the businessmen going to take investors' money before escaping?
Ugra, the leader among Russian banks in terms of losses, has nothing left but only to run after the puck.
As Forbes found out, Belarusian businessmen has increased their oil deposits by 1.5 times.
The businessmen gave away their offices for management.
Ugra Bank attracted more than 166 billion rubles from individuals as of mid-2016. Simultaneously, the bank issued credits for 154 billion rubles (almost all depositors' funds) of loans in foreign currency for a period exceeding 3 years.
Alexey Khotin spares no expense on oil sites and outplays Rosneft, Surgutneftegaz and Gazpromneft.
What fate awaits Ugra Bank?
Ugra Bank could collapse under the weight of heavy debts.
Like many other businessmen, they built their empire on credit money.
Businessmen Yuri and Alexey Khotin, father and son, have so far been known as the kings of the Moscow real estate. Now they are interested in oil.
Khotin's business success his competitors often explain by his ability to build relationships with influential people. One of his good friends is said to be Boris Gryzlov.
Belarusian businessmen Alexey and Yuri Khotin could get Moscow Hotel on credit, despite the long-standing conflict with VTB.
Yuri and Alexey Khotin challenged LUKOIL for control over Bashneft.
Alexey and Yuri Khotins can increase their oil assets to $2 billion.
The owners of Gorbushkin Dvor, Yuri and Alexei Khotin, can buy the Yenisei oil company for $400 million.
Formally, he is only a minority shareholder with a stake of 0.5%.