ForBank

JSC KB ForBank worked in the financial market of Russia from 1992 to 2021. It was a universal commercial bank, provided a range of banking services for legal entities and individuals: cash settlement services, loans for business, as well as consumer and mortgage lending, raising funds for deposits and deposits, transactions with bank cards, securities and foreign currency, money transfers, receiving utility and other payments from the population.

JSC KB ForBank developed services for representatives of small and medium-sized businesses, the bank offered trading and mobile acquiring, as well as connection to the online cash desk, remote banking services, as well as the ability to manage their accounts through applications on mobile devices.

History

2021: License revocation

In March 2021, the Central Bank revoked the license from Forbank. Among the co-owners of Forbank is Andrei Makulov, who was the owner of Sibsotsbank and Probanka.

2020

Start of Post Bank joining procedure

At the end of August 2020, the procedure for joining Pochtobank to ForBank was launched. This was announced by the Central Bank of the Russian Federation, which received a corresponding notification from ForBank. Both credit organizations are holders of the basic license, the regulator said. More details here.

Purchase of Perm Postobank

In February 2020, it became known that the Crimean Genbank, which was being rehabilitated at that time by Rossiya, sold a subsidiary of Pochtobank to Forbank shareholders. As one of them Stanislav Baranov explained to Kommersant, Perm Postobank was acquired to expand the business.

"Pochtobank will be attached to Forbank, this is an investment that expands the geography of the bank's presence," he said. "In the future, we also envisage possible growth through mergers and joins."

He did not disclose the amount of the transaction. According to Kommersant sources close to the parties to the transaction, it amounted to about 0.8 capital. According to the bank's statements, its capital as of January 1 amounted to 381 million rubles, so the transaction amount could exceed 300 million rubles.

2017: Takeover of the People's Land and Industrial Bank

In September 2017, the Central Bank of the Russian Federation announced the beginning of the reorganization of the Moscow Forbank JSC by joining the Altai People's Land and Industrial Bank JSC. In mid-September, the general meeting of shareholders of the NZPB unanimously voted to join Forbank.

By the end of July 2017, large NZPB auctioneers sold stakes:

• ZAO "Scientific and production concern" Altai "" - 35.19 %,
• CJSC Source Plus - 11.12%,
• Biiskfizteh Research and Production Enterprise - 6.04%,
• Lyubov Zharkova - 17.8%,
• Yuri Lobykin - 9.8%.

As of September 2017, the Altai bank is under the control of the owners and top managers of Forbank. They account for 89.67% of the authorized capital. As follows from the official documentation, the shareholders of Forbank Sergey Korolev (chairman of the board of directors), Stanislav Baranov (chairman of the board), Yuri Bobrovsky (member of the board of directors), Alexander Zaitsev, Sergey Kuznetsov, Igor Kosolapov, Timur Batkin and Elena Kanunnikova each own a 9.97% stake in the authorized capital of People's Land and Industrial Bank JSC, as well as an adviser to the chairman of the legal board Yulia Sinyavskaya own another 9.91%^[1].

Both banks were founded in the Altai Territory: People's Land and Industrial Bank - in 1994 in Biysk, Forbank - in 1992 in Barnaul, but three years ago, after changing the composition of shareholders, Forbank changed the place of registration from Barnaul to Moscow. NZPB is a mono-office regional bank focused on servicing corporate customers. According to Банки.ру, the NZPB at that time ranked second in terms of net profit among regional banks in the Altai Territory. By August 2017, it amounted to 26.1 million rubles, while the net profit of Altaikapitalbank LLC was 36.8 million rubles.

Notes