Avtovazbank (Bank ABB)

Bank AVB OJSC (AVTOVAZBANK) - The first bank in the Volga region, created in Togliatti in 1988. General license No. 23 was issued by the State Bank of the USSR, re-registered under No. 23 in the Central Bank of the Russian Federation 15.08.08 The bank is one of the largest universal regional banks in the Volga Federal District, is included in the Deposit Insurance System, has a rating of "A" - "High level of creditworthiness," assigned by expert agency "Expert RA."

History

2021: Trust filed a lawsuit against the Ananyev brothers in the Avtovazbank case for 113 billion rubles

As it became known in early April 2021, the Trust non-core assets bank filed a lawsuit against the Ananyev brothers in the AvtoVAZbank case. In addition to the former owners of Promsvyazbank, the ex-head of AvtoVAZbank Oleg Vdovin and the former shareholder, ex-chairman of the board of directors of AvtoVAZbank Nikolai Taran act as defendants. The total amount of claims is 113 billion rubles.

It was in so much that Trust estimated the losses of AvtoVAZbank, Kommersant writes with reference to the file cabinet of arbitration cases. The press service of the Trust confirmed the filing of the lawsuit to the publication and stated the following:

As a result of the actions (inaction) of these persons, AvtoVAZBank's financial condition significantly worsened, and therefore the Bank of Russia was forced to implement measures to prevent its bankruptcy. The amount of losses is calculated according to the formula of paragraph 5 of Art. 189.23 of the Bankruptcy Law, the Trust press service told the newspaper.

Trust Bank filed a lawsuit against the Ananyev brothers in the Avtovazbank case for 113 billion rubles

They also noted that the bank's requirements are related to the implementation by the defendants of financial schemes that have signs of fraudulent actions by issuing unsecured loans, as well as loans with significantly insufficient security. As a result, funds were withdrawn from Promsvyazbank.

The rights to the issued loans were assigned to AvtovVAZ Bank, the press service said. The latter was previously a member of the PSB group, and then, together with it, was rehabilitated. As a result, in 2019, his assets switched to the balance sheet of the Trust. Based on a conservative estimate, the amount of losses from schemes in PSB amounted to more than 267 million euros.

Earlier, Trust, through a court, recovered more than 6 billion rubles from the Cypriot company Arovana Trading Limited. This is the debt of the company under the loan, which she took from Promsvyazbank. He subsequently transferred the rights of claim to AvtoVAZbank.^[1]

2019: Completion of accession to Trust Bank

On March 11, 2019, it became known that Trust Bank had completed the accession of AvtoVAZBANK. The book value of assets transferred to the bank of non-core assets amounted to 340 billion rubles.

This transaction completed the consolidation of the assets of rehabilitated banks on the balance sheet of Trust. Taking into account the previously transferred non-core assets of the Otkritie group, including the assets of Binbank, Trust and Rost Bank, their total value reached 2 trillion rubles.

The transfer of AvtoVAZBANK assets to the balance sheet of Trust Bank completed the formation of the perimeter of the bank of non-core assets. AvtoVAZBANK's asset portfolio is fully operational. On March 11, 2019, our team will integrate them into the Trust's overall model.

AvtoVAZBANK customers switched to service at Trust Bank. All obligations and requirements arising from agreements concluded earlier at AvtoVAZBANK, the^[2].

2018: Central Bank decided to sanitize AvtoVazbank through the  Banking Sector Consolidation Fund

The Bank of Russia  has assigned the functions of the interim administration  of AvtoVAZBANK to the Banking Sector Consolidation Fund (FCBS) since April 5.

Deputy Chairman of the Central Bank Vasily Pozdyshev in 2017 stated that Avtovazbank needs additional capitalization in the amount of no more than 15 billion, rubles writes "."Kommersant

Promsvyazbank at the end of March 2018 demanded through the court to cancel the session transaction between AvtoVAZBANK and the previously related PSB bank Vozrozhdenie. Thus, the interim administration of the PSB, represented by the Criminal Code of the Federal Security Service of the Central Bank, disputes the transactions concluded by the previous leadership of a credit institution with close structures.

2015

Since 2015, the functions of the interim administration  at AvtoVAZBANK  have been performed by Promsvyazbank (PSB), which since December 2017 has itself undergone the financial recovery procedure through the FCBS.

2011

As of December 2011, Bank ABB OJSC is a regional bank with the traditions, experience and reputation of a reliable credit institution, invests the bulk of resources in regional development. Bank ABB OJSC is a universal financial institution, has licenses to perform all types of operations, works in all areas of business. The regional network is represented in the Volga region, in the cities of Togliatti, Samara, Syzran, Novokuybyshevsk, Ulyanovsk, Dimitrovgrad, as well as in Moscow, Voronezh, Cheboksary, Novocheboksark, Orenburg, Naberezhnye Chelny. A branch office in the Republic of Cyprus operates abroad.

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