Rosavtobank

LLC CB ROSAVTOBANK (Moscow, reg. number 2767) specializes in crediting of SME and settlement and cash services of YUL, transactions with securities, attraction of financial resources of FL in deposits in Moscow. The bank locates head office and 7 additional offices in Moscow and one in the Moscow region, 2 operational offices in Tambov. The value of assets under RAS was on 10/1/15 15.0 billion rubles (the 208th place in a ranking of RAEX), the size of own means – 1,653 million rubles, profit after taxation in 9 months 2015 – 64.6 million rubles.

In March, 2016 the Central Bank of the Russian Federation revoked the license from the Moscow Rosavtobank (Regional and industry specialized autoindustrial bank).

The decision on revocation of license, says the regulator, was accepted because the bank pursuing high risk credit policy completely lost the capital.

Besides, specified the Central Bank, Rosavtobank did not observe the requirement of the legislation in the field of counteraction of legalization (washing) of income gained in the criminal way and to terrorism financing, regarding the timely direction in authorized body of data on the transactions which are subject to mandatory control and was involved in doubtful transactions.

By the amount of assets Rosavtobank for February 1, 2016 took the 254th place in a banking system of the Russian Federation. In the Banki.Ru portal Rosavtobank won first place in national rating.

Performance Indicators

2015: RAEX confirmed rating to Rosavtobank at the level A and raised a subtotal

The RAEX rating agency confirmed in November, 2015 credit rating to Rosavtobank at the level A "The high level of solvency" and raised a subtotal from the second to the first. According to rating the "stable" forecast was saved.

Acted as key positive factors a considerable stock of liquidity (from the middle of 2012 of H2 and H3 higher than 60 and 80% respectively), a high probability of increase in authorized capital until the end of 2015 on 205 million rubles (12.4% of the capital on 10/1/15) and a high share of loans of the I-II quality category in the loan portfolio (82.8% on 10/1/15 are supported).

Positively the agency estimates existence of sources of additional liquidity (over 95% of a securities portfolio are included into the Lombard list of the Central Bank of the Russian Federation and it is kept in highly reliable depositary). "In 2015 the bank received a crediting limit from the Central Bank of the Russian Federation by Provision No. 312-P in the amount up to 250 million rubles and also carried out work on lengthening of liabilities both from FL, and from YUL (48.3% of the raised funds have urgency over 1 year in 0409125 form on 10/1/15 against 12.2% the previous year) that allowed to raise a rating subtotal to the first", – Stanislav Volkov, the managing director for the bank ratings of RAEX explains. The bank in 2013-2015 performed large-scale investments into IT infrastructure for the purpose of optimization of bank processes that also gave support to rating.

Key negative factor of analytics of the agency consider an insufficient stock of sufficiency of own means (mean value of N1.0=11.8% in 9 months 2015) at high concentration of the capital on objects of large credit risk (H7=626% on 10/1/15; without issuers with rating And ++ on a scale of RAEX of H7 would make 558%). Constrains development of bank a low net percentage margin (3.1% for 10/1/14 – 10/1/15), however partly it is compensated by growth of commission income in 2015.

The low turnover of a portfolio of the credits of YUL and SP has negative effect on rating that is connected with long term of crediting on large loans (the duration of a portfolio of 30 largest loans made taking into account changes in agreements 60.3 months on 10/1/15). Limit solvency the high level of encumbrance of securities for separate dates (on 10/1/15 the share of the encumbered securities made 81.3% of a portfolio of papers, or 19.1% of assets) and deconcentrated structure of property.

2014: Capital ROSAVTOBANKA exceeded 1.3 billion rubles

January 13, 2014. The Moscow head Territorial Department of the Bank of Russia registered amendments to the charter of LLC CB ROSAVTOBANK. Changes are connected with increase in authorized capital of Bank. As a result equity ROSAVTOBANKA increased by 80.2 million rubles and exceeded 1.3 billion rubles. Let's note that for January 1, 2014 the size of own means was about 1.25 billion rubles.