OFC Bank Combined Financial Capital

Public Joint-Stock Company United Financial Capital Bank is a credit institution operating in the organizational and legal form of the joint-stock company. The bank has been operating since 1993.

Former names of the bank: Open Joint Stock Company Bank "United Financial Capital," Closed Joint Stock Company "AMI-BANK," Commercial Bank "AMI-BANK" (limited liability company. " The Bank is the assignee of all rights and obligations of the attached BARENTSBANK Closed Joint Stock Company.

The Bank's equity is RUB 5 072 343 000. The bank is included in the register of participants in the system of compulsory deposit insurance 26.08.2005 under number 869. The bank is a member of the Association of Russian Banks, the Association of Banks of the North-West (ABSZ), the National Stock Association, MICEX sections (foreign exchange, state securities, corporate securities, FORTS market), an associate member of the VISA International payment system, an affiliated member of the MasterCard payment system.

2021: Ex-head of OFK Bank Nikolai Gordeev sentenced to 8 years in prison

In March 2021, the ex-head of OFK Bank Nikolai Gordeev was sentenced to 8 years in prison for issuing unsecured loans to enterprises controlled, including the internationally wanted ex-head of Rosalkogolregov Igor Chuyan. More details here.

2018

Central Bank revoked license from OFK Bank

From April 16, 2018, the Central Bank revoked the license for banking operations from the Moscow United Financial Capital Bank (OFK Bank).

"The implementation of the financial recovery procedure of OFK Bank PJSC with the involvement of the state corporation Deposit Insurance Agency of the credit institution is considered economically impractical due to the extremely low quality of assets and a significant imbalance between the value of assets and liabilities, as well as taking into account the inability of the bank to ensure further fulfillment of creditors' claims," the statement said.

The decision to revoke the license was made in connection with the bank's failure to comply with the requirements of the legislation of Russia and the regulations of the Central Bank governing banking activities, including in the field of combating the legalization (laundering) of proceeds of crime and the financing of terrorism in terms of non-compliance with the obligation to identify transactions subject to mandatory control, as well as the timeliness and reliability of the information submitted to the authorized body. In addition, the value of all standards of adequacy of own funds (capital) was below two percent, and the size of own funds (capital) became below the minimum value of authorized capital.

Central Bank introduced a temporary administration in OFK Bank

The regulator also imposed a moratorium on satisfying the claims of creditors of the organization, which occupied 81st place in the banking system of the Russian Federation. The Central Bank also entrusted the Deposit Insurance Agency (DIA) with the functions of the interim administration of a credit institution for a period of six months due to the unstable financial situation of the bank.

For the period of activity of the interim administration, the powers of shareholders related to participation in the authorized capital, as well as the powers of the management bodies of OFC Bank are suspended. The interim administration will analyze the financial situation of the bank, the regulator said.

OFK Bank is a member of the deposit insurance system (CER), and the introduction by the Central Bank of the Russian Federation of a moratorium on satisfying the claims of bank creditors is an insurance case. Insurance payments for deposits in OFK Bank will begin no later than 14 days from the date of the moratorium.

As it became known later, payments to depositors of the Moscow bank United Financial Capital (OFK Bank) will begin no later than April 4, 2018. This was reported in the Deposit Insurance Agency (DIA).  Agent banks will be selected on a competitive basis no later than March 27, 2018.