Volga-Credit (VKB)

Founded in 1990, Volga-Credit Bank was based in Samara and worked until mid-2014^[1]end of 2014, the Central Bank revoked his banking license.

History

2024: Ex-Chairman of the Board of Directors of Volga-Credit Bank Alexander Bobrovsky declared bankrupt

The Arbitration Court of the Moscow Region on June 18, 2024, at the request of the state corporation Deposit Insurance Agency (DIA, bankruptcy trustee), declared insolvent (bankrupt) the former chairman of the board of directors of Volga-Credit Bank Alexander Bobrovsky. Read more here.

2021: Ex-bank managers sentenced in case of embezzlement of depositors' money using Diasoft software

Former managers and employees of Volga-Credit Bank were found guilty of embezzlement of over 1.7 billion rubles from depositors, the prosecutor's office of the Samara Region reported on January 28, 2021^[2].

The Leninsky District Court of Samara sentenced in a criminal case against four former bank leaders and six other persons. They were found guilty of fraud on an especially large scale (part 4 of article 159 of the Criminal Code of the Russian Federation).

Hearings in the criminal case in court started in mid-2019^[3] the^[4] the^[5]Earlier, the prosecutor's office reported that the accused in the case are, in particular, the former: chairman of the Volga-Credit board Tatyana Erilkina, adviser to the chairman of the board Alexander Bobrovsky, director of the information technology department Sergei Osipov, head of the department for servicing individuals Maria Zatsepina.

Tatyana Erilkina was the chairman of the board of the bank "(photo - 63.RU)"

Of the persons involved in the case who are actually related to the activities of the bank, the prosecutor's office also previously named Ruslan Tokarev, Roman Kalinkin, Maxim Kashapov and Irina Kochergina.

In January 2021, the court found that in the period from April to December 2014, the chairman of the Volga-Credit board, together with other persons involved in the organized group, stole more than 1.7 billion rubles placed in deposits of at least 2872 citizens.

Theft of depositors' funds was committed using an automated system, an analogue of the legal version of which was installed on office computers. One system showed the official movement of funds, the second - real. As a result, the depositors' money was written off or not sent to deposits, but this was not reflected in the financial statements sent to the Central Bank of the Russian Federation, the prosecutor's office of the Samara region said in a statement.

In October 2020, the Samara portal SOVA, whose correspondent attended the hearing in court, wrote with reference to the state prosecution that, according to the investigation, Erilkina entered into a conspiracy with a number of persons to steal depositors' funds using the bank's automated system Diasoft^[6]

According to the SOVA portal, the criminal case also states that when an inspection was to come to the bank, Tatyana Erilkina ordered to take out computers and throw them off the bridge into the river. But Erilkina herself did not agree with the accusation and argued that the actual owners of the bank, Ruslan Tokarev and Andrei Ivanov, could have stolen the money. Of these, only Tokarev was in the dock.

In addition to the episode with the theft of money from customer accounts, the court also found the former chairman of the Volga-Credit board guilty of embezzlement of 3 promissory notes of Razvitie-Stolitsa Bank from the head of the credit institution for a total amount of more than 272 million rubles, according to the prosecutor's office of the Samara region.

The court found the defendants guilty and sentenced the former head of the bank to 9 years 6 months in prison with serving in a general regime colony. This is even more than the state prosecution demanded: it believed that Yerilkin should be sentenced to 9 years in prison for two crimes. And the court sentenced the rest of the accomplices from 3 to 8 years in a general regime colony.

The defense of the former head of Volga-Credit Bank plans to challenge the verdict of Tatyana Erilkina.

Former Chief information officer Sergei Osipov, in particular, was sentenced to a maximum security colony for 7 years 6 months, SOVA reports^[7].

It is possible that the convicts will leave the colony ahead of the specified period: the case received a move a few years ago, and by 2016 they had all served at least a year in a pre-trial detention center during the investigation^[8]. This period, as a rule, also counts towards serving the sentence.

2015: Volga-Credit Bank customers report missing money from accounts to police

More than 50 depositors of Volga-Credit, which lost its license on December 30, told law enforcement agencies about the loss of money from accounts, Kommersant reported with reference to Interfax-Volga Region in January 2015^[9].

"Currently, the internal affairs bodies have received more than 50 statements from depositors that there are significantly less funds in their bank accounts than they expected," Interfax-Volga region quoted its source in the Main Directorate of the Ministry of Internal Affairs for the Samara Region.

On the fact of appeals, law enforcement agencies at that time were checking.

2014: License Revocation

At the end of 2014, the Central Bank of the Russian Federation revoked the banking license from Volga-Credit Bank, registered in Samara. According to the Central Bank, the license was revoked due to the credit institution's failure to comply with federal laws regulating banking activities and regulations of the Central Bank, capital adequacy below 2%, and a reduction in equity below the minimum value of the authorized capital.

The Bank pursued a high-risk credit policy and did not create reserves for possible losses commensurate with the accepted risks. In addition, the credit institution reflected the virtually missing securities in the accounting. As a result of the fulfillment of the requirements of the supervisory authority on the formation of reserves adequate to the accepted risks, the bank completely lost its own funds (capital), the message said.

As the regulator noted, in mid-December 2014, the bank almost completely stopped operating, including operations on customer accounts and servicing depositors. The bank introduced a temporary administration until the appointment of a bankruptcy trustee or liquidator.

Volga-Credit Bank was a member of the deposit insurance system.

As of the beginning of 2014, according to the portal, the Banki.ru main shareholders of the bank were Alexander Manuilov (30%), Tatyana Erilkina (23.88%), Raisa Purusova (15.35%), Oleg Shiryaev (10.07%), citizen Uzbekistan Ovik Mkrtchyan (7.28%), Viktor Frolov (5.45%) and Rustem Khafizov (4.67%).

The Bank had a license to conduct transactions in rubles and foreign currency. Branches and additional offices of the VKB were located in Samara, Tatarstan, Orenburg, Penza, Ulyanovsk, Nizhny Novgorod, Volgograd, Togliatti and other cities of the Volga region.

2007: The main shareholder Andrey Polovinkin begins to withdraw from the bank's capital

In 2007, Converse Group was going to become one of the bank's shareholders, but the deal did not take place. In the same year, a significant stake in the bank through several companies was acquired by businessman Alexander Manuilov, and Andrei Polovinkin gradually began to withdraw from the capital of the VKB.

Early 2000s

Since 2002, the bank has been operating in the form of an open joint stock company (JSC VKB).

In the first half of the 2000s, the head of the Electroshchit group of companies, Andrei Polovinkin, became the largest owner of the VKB.

In early 2005, the bank entered the deposit insurance system (CER).

1990s: Founding of the bank

The bank was founded in December 1990 in Bezenchuk. In early 1993, the Samara branch was opened. In November of the same year, the original name of Bezenchukagrobank was changed to Volga-Credit. Taking into account the active work in Samara in May 1995, the head office was moved there.

Notes