Northwestern Federal District of the Russian Federation
Transition of bank under control the Absolute of bank
The bad quality of assets was a problem of bank, the chairman of the board of Baltinvestbank and the former deputy chairman "The absolute of bank" Konstantin Yakovlev considers. The clients related to the former shareholders of bank received about 15 billion rubles of the credits in bank, he said in July, 2016. The turnaround manager detected five off-balance guarantees which receivers demand about 3 billion rubles from bank.
In December, 2016 Baltinvestbank is going to finish year with profit about 3 billion rubles, the total loan portfolio according to IFRS for the end of 2016 will be about 40 billion rubles, the representative says it. In 2017 it is going to increase a retail deposit portfolio by 2 billion up to 29 billion rubles, corporate – by 1 billion up to 7 billion rubles. New issues on legal persons will make about 2 billion rubles, on natural persons – 1.7 billion rubles. The bank offered non-core assets for which it hopes to gain about 3 billion rubles for sale.
In spite of the fact that the liquid position of Baltinvestbank was recovered, to say that it can exist independently prematurely, Vladimir Teterin, the director of the bank ratings of RAEX considers. The turnaround manager took measures for cost reduction and announced plans to implement a part of non-core assets, but growth of volume of arrears and "surprises" like potential payments for the guarantees which are not reflected in the reporting complicate its financial position, Teterin says. Assets of Baltinvestbank in 11 months 2016 were reduced by 2.9%, the loss according to IFRS in nine months 2016 made 2.4 billion rubles (a year before – 2.9 billion rubles), the chief of analytical management of BKF bank Maxim Osadchiy says.
The turnaround manager still did not submit the plan of financial improvement, and without it sanitation is performed haphazardly, the former deputy chairman of Baltinvestbank Pavel Gorbunov considers (since December, 2016 the adviser to the chairman of the board of Aleksandrovsky bank). The trust to the procedure can lower and a situation around Sovetsky bank, to turnaround manager most of which sanitation was required, Gorbunov argues.
Perspectives of Baltinvestbank depend on progress on collecting problem debts (including due to providing) and also from whether it will manage to bank to build the working loan portfolio which yield will be able to offset losses on irrevocable assets, Teterin believes.
In Aleksandrovsky passed about 30 employees of Baltinvestbank, generally from the corporate block which bring the clients, Gorbunov told.
Agreement with Zolotaya Korona on network of repayment of the credits
In the summer of 2016 within partnership of PJSC Baltinvestbank with "Zolotaya Korona — Repayment of the Credits" service clients of bank had an opportunity to pay the credits in retail seti salonov «evroset», MTS (Russian Telephone Company Ltd), offices Beeline (JSC VimpelCom) and Агент.ру and also in NOU-HAU and Maksimus cellular shops in Moscow and the Moscow region, Frisbee in Yekaterinburg and Sverdlovsk region, Tsifrograd in Novosibirsk and the Novosibirsk region, in shoe shops KARI, in cash desks of partner banks of service.
For introduction in payment for the credit to clients of bank number of the bank account or an agreement number, a full name of the receiver and passport data of the payer is enough to call money. The service commission makes 1%, but not less than 50 rubles. Money will be credited to the customer account already on the following banking day.
2015: The absolute bank becomes turnaround manager of Baltinvestbank
Problems of Baltinvestbank became obvious since fall of 2015. Since October it began to delay payments, on November 18 in bank there began work the commission of the Central Bank and DIA, and on December 23 the turnaround manager selected Absolyut bank (received from the Central Bank about 32 billion rubles of the credits for 10 years).
In a year Baltinvestbank fell from the 77th by the 80th place by the amount of assets (77.9 billion rubles – for September 30, 2015, 68 billion rubles – for September 30, 2016).
Before transition of Baltinvestbank under control "The absolute of bank" its shareholders were:
- the chairman of the board of directors Yury Rydnik (directly owned 3.2%, through SPD Inc – 13.7%),
- Vadim Egiazarov (through the affiliated companies controlled 27.8%),
- Alexander Shvidak (15% through Plata Group Ltd).
2012: 6 branches and 42 offices
For February, 2012 the network of Baltinvestbank consists of 6 branches and 42 additional offices located in the different cities of Russia. In St. Petersburg the Central office and 17 additional offices works. In Arkhangelsk the area the central office of branch and 2 additional offices is located. In the cities Severodvinsk, Kotlas, Velsk, Koryazhma and Onega are located additional offices of the Arkhangelsk branch and 3 operational offices of branch in Murmansk, Cherepovets and To Vologda. In Samara the central office of branch, 5 additional offices and operational offices of branch in the cities is located Togliatti Ufa Saratov, Perm and