Baltinvestbank
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Performance indicators
2019: Loss amounted to 3.6 billion rubles
At the end of 2019, the Moscow Industrial Bank, rehabilitated through the Banking Sector Consolidation Fund, became one of the leaders in losses (3.6 billion rubles) among Russian banks undergoing reorganization. Read more here.
History
2023: Purchase of a large vegetable producer Ivanisovo
In mid-September 2023, it became known that the investment company Baltinvest was buying an agricultural complex "Ivanisovo" , a large vegetable producer in the city of Elektrostal. Moscow region More. here
2020
Chief Specialist of the Stock Operations Department Convicted of Manipulation
In September 2020, the former chief specialist of the stock operations department of the financial markets department of Baltinvestbank Andrei Kornilov was convicted in St. Petersburg.
The court found that the man manipulated 36 securities from January 1, 2014 to August 25, 2015, as a result of which he received income of more than 12 million rubles.
Central Bank and Absolut Bank are negotiating an increase in financing for reorganization
On January 23, 2020, Kommersant Publishing House announced that the Central Bank and Absolut Bank are negotiating an increase in financing for the reorganization of Baltinvestbank, he became aware of this from two sources in the financial market. According to one of them, the bank asked the regulator to increase the volume of loans for the financial recovery of Baltinvestbank by 5 billion rubles, as well as the terms of reorganization from 10 to 18 years. Another interlocutor of Kommersant said that the Central Bank agreed to these conditions, without specifying whether these agreements were documented. Also, according to him, Absolut Bank asks to slightly increase the size of loans - by 3 billion rubles. However, due to personnel changes in the Central Bank, including the departure of the deputy chairman of the Central Bank Vasily Pozdyshev, who oversaw the activities of the financial recovery department of the Central Bank, on January 23, 2020, these negotiations stalled.
DIA allocated several loans for the financial recovery of Baltinvestbank in December 2015: a ten-year loan in the amount of 10.9 billion rubles. at a rate of 0.51% per annum, a six-year loan of 1.4 billion rubles. at 6% per annum, a two-year loan of 9 billion rubles. at 6% per annum. The DIA also provided financial assistance to Absolut Bank in the form of a ten-year loan in the amount of 11 billion rubles. with an interest rate of 0.51%. The total amount of loans is 32.3 billion rubles. In December 2017, the group returned a two-year loan of 9 billion rubles.
The reorganization of Baltinvestbank was carried out according to the old scheme, that is, with the involvement of a third-party investor, which became Absolut Bank. One of the disadvantages of this scheme was the identification by sanitizers of "skeletons in the closet" of rehabilitated banks during their recovery. So it happened with Baltinvestbank, one of the problems of which was the guarantees issued by this credit institution, which were not put on the balance sheet.
The financial statements of Baltinvestbank for 9 months of 2019 under IFRS contained an indication that the negative capital of the bank is just over 23 billion rubles, and the continuity of the credit institution depends on the implementation of the financial recovery plan. These circumstances "represent significant uncertainty that may raise significant doubts about the ability of the group (Baltinvestbank) to continue its activities continuously."
Absolut Bank did not confirm the information about the change in the financial recovery plan. However, it was reported that "the financial recovery plan is under negotiation." The Central Bank and the DIA did not respond to Kommersant's request.
For 11 months of 2019, the capital of Baltinvestbank changed from minus 14.6 billion rubles. up to minus 19.1 billion rubles, said the head of the analytical department of the bank BKF Maxim Osadchy. The loss for 11 months of 2019 amounted to 2.3 billion rubles. The main reason for the losses, according to the expert, lies in the growth of bad debts - in 11 months the delay increased by 4.3 billion rubles.
 | It is clear that neither 5 billion rubles, nor 8 billion rubles. will not solve the problems of the bank being rehabilitated, but you cannot do without additional injections into capital, says[1]
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2016
Transfer of the bank under the control of Absolut Bank
The bank's problem was the poor quality of assets, said Konstantin Yakovlev, chairman of the board of Baltinvestbank and former deputy chairman of Absolut Bank. Clients associated with former shareholders of the bank received about 15 billion rubles from the bank. loans, he said in July 2016. The sanator discovered five off-balance sheet guarantees, the recipients of which demand about 3 billion rubles from the bank.
In December 2016, Baltinvestbank plans to end the year with a profit of about 3 billion rubles, the total loan portfolio under IFRS at the end of 2016 will amount to about 40 billion rubles, says its representative. In 2017, it is planned to increase the retail deposit portfolio by 2 billion to 29 billion rubles, corporate - by 1 billion to 7 billion rubles. New issues for legal entities will amount to about 2 billion rubles, for individuals - 1.7 billion rubles. The bank put up for sale non-core assets, for which it hopes to gain about 3 billion rubles.
Despite the fact that Baltinvestbank's liquid position has been restored, it is premature to say that it can exist independently, says Vladimir Teterin, director of bank ratings at Expert RA. The sanator took measures to reduce costs and announced plans to realize part of non-core assets, but the growth of overdue debt and "surprises" such as potential payments for guarantees not reflected in the statements complicate its financial situation, says Teterin. Baltinvestbank's assets for 11 months of 2016 decreased by 2.9%, the loss under IFRS for nine months of 2016 amounted to 2.4 billion rubles. (a year earlier - 2.9 billion rubles), says the head of the analytical department of the bank BKF Maxim Osadchy.
The sanator has not yet presented a financial recovery plan, and without it the reorganization is carried out haphazardly, says Pavel Gorbunov, former deputy chairman of Baltinvestbank (since December 2016, adviser to the board of directors of Aleksandrovsky Bank). Confidence in the procedure can also be reduced by the situation around Sovetsky Bank, whose sanatorium itself required reorganization, Gorbunov argues.
Baltinvestbank's prospects depend on success in collecting problem debts (including through collateral), as well as whether the bank will be able to form a working loan portfolio, the profitability of which will be able to compensate for losses on non-repayable assets, Teterin believes.
About 30 employees of Baltinvestbank moved to Aleksandrovsky, mainly from the corporate block, who bring their clients, Gorbunov said.
Agreement with the Golden Crown on the loan repayment network
In the summer of 2016, as part of the partnership of Baltinvestbank PJSC with the Golden Crown - Repayment of Loans service, bank customers were able to pay loans in the retail network of Euroset salons, MTS (Russian Telephone Company CJSC), Beeline offices (VimpelCom OJSC) and Агент.ру, as well as in KNOW-HOW and Maximus communication salons in Moscow and the Moscow Region, Frisbee in Yekaterinburg and the Sverdlovsk Region, Tsifrograd in Novosibirsk and the Novosibirsk Region, in KARI shoe stores, at the cash desks of partner banks of the service.
To deposit funds into the account of payment of a loan to bank customers, it is enough to name the number of your bank account or the contract number, the name of the recipient and the passport data of the payer. The service fee is 1%, but at least 50 rubles. The funds will be credited to the customer's account the very next bank day.
2015: Absolut Bank becomes Baltinvestbank's sanatorium
The problems of Baltinvestbank became obvious in the fall of 2015. Since October, he began to delay payments, on November 18, the commission of the Central Bank and the DIA began work in the bank, and on December 23 Absolut Bank was chosen as the sanator (received from the Central Bank about 32 billion rubles. loans for 10 years).
Over the year, Baltinvestbank dropped from 77th to 80th place in terms of assets (77.9 billion rubles - as of September 30, 2015, 68 billion rubles - as of September 30, 2016).
Before Baltinvestbank came under the control of Absolut Bank, its shareholders were:
- Chairman of the Board of Directors Yuri Rydnik (directly owned 3.2%, through SPD Inc - 13.7%),
- Vadim Egiazarov (controlled 27.8% through affiliated companies),
- Alexander Shvidak (15% via Plata Group Ltd).
2012:6 branches and 42 offices
As of February 2012, Baltinvestbank's network consists of 6 branches and 42 additional offices located in various cities of Russia. The Central Office and 17 additional offices operate in St. Petersburg. In the Arkhangelsk region there is a central office of the branch and 2 additional offices. In the cities of Severodvinsk, Kotlas, Velsk, Koryazhma and Onega there are additional offices of the Arkhangelsk branch and 3 operating offices of the branch in Murmansk, Cherepovets and Vologda. In Samara, there is a central office of the branch, 5 additional offices and operating offices of the branch in the cities of Togliatti, Ufa, Saratov, Perm and Naberezhnye Chelny. The Bank's branch and operating offices in Bryansk, Vladimir, Voronezh, Smolensk and Lipetsk are located in Moscow. In Yekaterinburg, Krasnodar and Vyborg (Leningrad Region) there are offices of the Bank's branches.
In 2012, Baltinvestbank developed as a universal bank providing a full range of services to legal entities and individuals. The bank was one of the largest Russian universal banks.
2003: Renamed Baltinvestbank
In 2003, the Bank was renamed Baltinvestbank.
2001: Interros sells the bank to St. Petersburg companies
In 2001, the shares of Baltonexim Bank owned by the structures of the Interros group were bought out by a number of St. Petersburg companies.
1994: Establishment of Baltonexim Bank
Baltinvestbank was established in December 1994 under the name Baltonexim Bank.
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