Asset bank

"ASSET BANK" - until 2021 a bank in the Republic of Mordovia with a wide branch network. AKB ASSET BANK has been operating on the market since October 14, 1993 as a universal credit institution.

History

2021

License revocation

In June 2021, the Bank of Russia revoked its banking license from Mordovian Asset Bank. The bank belonged to businessman Alexander Merkushkin - one of the sons of the former head of the Republic of Mordovia and ex-governor of the Samara region Nikolai Merkushkin.

As of May 2021

Merkushin's other son, former vice-governor of Mordovia Alexei Merkushkin, was detained in May on suspicion of giving a bribe of 7 million rubles to the head of the Volga-Vyatka Bank of Russia, Alexander Terenkin, for refusing to check Mordovpromstroybank, in which there were serious violations. Alexey Merkushkin tried to fly to Minsk, but the operatives managed to intercept him at Sheremetyevo International Airport.

RA expert reduces bank rating with negative outlook

In 2020, Expert RA downgraded the Bank's Asset rating to ruB+ due to a decrease in capital adequacy, in 2021 the Bank's Asset rating was again downgraded to ruB and changed to negative due to a decrease in the loss absorption buffer for the year, unprofitable activities and significant recovery of reserves.

2019: Accession of IPSB Bank

In the spring of 2019, Asset Bank (Mordovia) began the procedure for joining the IPSB bank. In both banks, among the owners were the elder brother of the former head of the Republic of Mordovia and the ex-governor of the Samara region Nikolai Merkushkin - Alexander. Ex-owners of IPSB received shares in the combined bank. Vyacheslav Brykov became the owner of 9.891% of the shares, but as of May 2021 his share is 3.672%.

The fact that Asset Bank annexed the super-toxic IPSB was said by Expert RA: in 2018 he noted the negative forecast of the IPSB, in 2019 the IPSB rating was withdrawn.