Bank Ugra

History

2023

The court sent to the pre-trial detention center the ex-owner of the bank "Ugra" Alexei Khotin

In mid-October 2023, the Zamoskvoretsky Court of Moscow changed the measure of restraint for businessman and former owner of Ugra Bank Alexei Khotin from house arrest to detention. Read more here.

Alexei Nefedov was sent to a pre-trial detention center on charges of embezzlement

In July 2023, the Zamoskvoretsky Court of Moscow sent the former president of Ugra Bank Alexei Nefedov to a pre-trial detention center, as he obstructed the investigation of a criminal case on embezzlement of more than 23 billion rubles by the top management of a financial institution at the stage of bankruptcy. Read more here.

The bank's lawsuit against Alexei Khotin to recover unjust enrichment for 180 billion rubles

In April 2023, Ugra Bank filed a lawsuit against the owner Alexei Khotin to recover unjust enrichment for 180 billion rubles. Khotin was arrested in April 2019, he is under house arrest. In 2020, another embezzlement case was opened against him in the amount of about 283 billion rubles.

2021

The court arrested the property of the ex-leaders of the bank "Ugra" for billions

On April 8, 2021, the Moscow Arbitration Court arrested the property of the former leaders of Ugra Bank and four companies for a total of 21.6 billion rubles. Read more here.

The Prosecutor General's Office sent to the court a case of embezzlement of 23 billion rubles from Ugra Bank

In February 2021, the Prosecutor General's Office sent to the court a criminal case on embezzlement of more than 23 billion rubles from Ugra Bank. The indictment in the criminal case against the beneficial owner of Ugra Alexei Khotin, the board of directors of Dmitry Shilyaev and President Alexei Nefedov, as well as the director of the branch  in Moscow Nina Chernova was approved.

2020

Ex-owner of Ugra Bank Alexei Khotin sent under house arrest in the case of embezzlement of 7.5 billion rubles

On November 17, 2020, Alexei Khotin was again sent under house arrest in the case of embezzlement of 7.5 billion rubles. The first court of appeal overturned the decision of the Moscow City Court and sent the former owner of Ugra Bank under house arrest. Read more here.

The ex-owner of the bank "Ugra" was released from house arrest in the case of embezzlement of 7.5 billion rubles

On October 13, 2020, Alexei Khotin was released from house arrest. The ex-owner of the bank "Ugra" is accused of embezzlement of more than 7.5 billion rubles (part 4 of article 160 of the Criminal Code of the Russian Federation). Read more here.

Seizure of property of former bank leaders for 22 billion rubles

In August 2020, the Moscow Arbitration Court arrested the property of the former leaders of Ugra Bank for 22.1 billion rubles. Such measures were introduced under the claims of the Deposit Insurance Agency (DIA, bankruptcy trustee).

In its claims, the DIA demanded to recover from 15 former top managers of the bank, as well as Seneal international agency ltd, Jarmbent holdings ltd, Trisonnery assets ltd and OJSC Negusneft"" in the total amount of 15.7 billion rubles. Preliminary meetings are scheduled for November 11, 2020.

The court also took security measures on the agency's claims to recover 5.95 billion rubles in losses from 12 ex-managers of the bank, as well as Complex Investments JSC and Moscow Television Plant Rubin JSC, and 570.2 million rubles from the same top managers, Complex Investments JSC and Kub JSC. Preliminary meetings are scheduled for October 19.

The court arrested the property of the ex-leaders of the bank "Ugra" for 22 billion rubles

Among the defendants in all statements is the former main co-owner of Ugra Bank Alexei Khotin, ex-chairman of the board Dmitry Shilyaev and ex-president Alexei Nefedov.

Earlier it was reported that the Moscow Arbitration Court at the end of July accepted a statement by the DIA for joint recovery from the former leaders of Ugra of more than 21 billion rubles in losses.

So, on June 18, the court received statements from the DIA to recover 8.3 billion rubles from 14 ex-leaders and five companies, as well as to recover 7.3 billion rubles from 12 ex-leaders and three companies. On July 24, the court received a statement from the DIA to recover 5 billion rubles in losses from nine individuals and one Cypriot company. The defendants included Khotin, Shilyaev, ex-head of the board of directors Alexander Suchkov and Nefedov.

According to the statement of the DIA to recover losses on July 17, the Moscow Arbitration Court arrested the property of the former management of Ugra Bank for 21.5 billion rubles.^[1]

Seizure of property of former bank tops for 21.5 billion rubles

In July 2020, the court, at the request of the Deposit Insurance Agency (DIA), arrested the property of the former management of Ugra Bank for 21.5 billion rubles.

The defendants, in particular, were the former main co-owner of the bank Alexei Khotin, ex-chairman of the board Dmitry Shilyaev, ex-head of the board of directors Alexander Suchkov, ex-president Alexei Nefedov, as well as Complex Investments JSC and NK Dulisma CJSC.

Seizure of assets of the heads of Ugra Bank for 5.6 billion rubles

On April 30, 2020, the Moscow Arbitration Court, at the request of the state corporation Deposit Insurance Agency (DIA, bankruptcy trustee), arrested property, including cash, 14 former managers of Ugra Bank, as well as three companies within the amount of 5.6 billion rubles.

As follows from the ruling of the court posted on the website, among the defendants are the former co-owner of the bank Alexei Khotin, ex-president of the bank Alexei Nefedov and ex-CEO Dmitry Shilyaev, Complex Investments JSC and Orbit Center LLC.

"The decision on the adoption of measures comes into force immediately and can be appealed to the court of appeal within 10 days," the document says.

The DIA's petition was considered as part of the agency's claim to bring the defendants to civil liability in the form of damages. The court scheduled a preliminary hearing on the claim for June 26, 2020.

2017

Central Bank revoked the license from Ugra

"The Bank of Russia informs about the decision to revoke the banking license from July 28, 2017 from the credit institution PJSC" UGRA "PJSC Bank" Ugra, "reg. No. 880, Moscow (Bank of Russia Order No. OD-2138, dated 28 July 2017). "

According to the reporting data of the Central Bank, in terms of assets, UGRA Bank in 01.07.2017 ranked 29th  in the banking system of the Russian Federation.

According to the regulator, the activities of UGRA Bank were focused on attracting funds from the population  and placing them in unsatisfactory assets. At the same time, the credit institution did not independently create reserves for possible losses adequate to the accepted risks.

The bank's business model was based on financing business projects related to the beneficiaries of a credit institution at the expense of attracted funds of individuals by issuing loans to companies whose scale of activity did not correspond to the volume of loans received. "The credit institution did not actually lend in any significant volumes to individuals , as well as legal entities not related to the owners of the bank. At the same time, the supervisory authority in the activities of the credit institution has repeatedly identified operations that have signs of the withdrawal of assets and high-quality collateral, dubious transit operations, facts of submission of significantly inaccurate reporting data, schematic compliance with the requirements of the Bank of Russia's instructions and violations of the imposed restrictions. In 2017, the Bank of Russia informed the General Prosecutor's Office of the Russian Federation six times about the  facts of the withdrawal of assets by the credit institution  and twice by Rosfinmonitoring about the bank's implementation of dubious transit operations, "the regulator said in a statement.

The Central Bank also added that the regulator three times introduced restrictions on attracting deposits of the population. At the same time, UGRA continued to pursue an aggressive policy of attracting funds from the population, including using a scheme aimed at bypassing the requirements of the regulator (endowing depositors with bank shares). "The measures carried out by the credit institution did not lead to an increase in its financial stability, an improvement in the quality of assets and were of a formal nature, which aimed to camouflage low-quality assets," the Bank of Russia added.

Central Bank: reorganization of "Ugra" is economically inexpedient 

"According to the assessment of the state corporation" Deposit Insurance Agency, "the implementation of the financial recovery procedure with the involvement of the Agency and the bank's creditors was recognized as economically impractical due to the extremely low quality of assets and the amount of the identified imbalance between the value of assets and liabilities, taking into account that Ugra Bank is not a systemically significant credit institution. The financial recovery plan presented by the owner of the bank was recognized by the Bank of Russia as unrealistic in terms of the terms, volumes and sources of additional capitalization proposed by the owner, and some of its provisions do not comply with the current legislation, "the Central Bank said in a statement.

DIA named agent banks for payments to depositors of Ugra Bank

The Deposit Insurance Agency (DIA) has selected five agent banks on a competitive basis to pay insurance compensation to depositors of Ugra Bank: VTB24, Sberbank, Rosselkhozbank, as well as Otkritie and Uralsib banks.

The report says that agent banks are chosen to speed up the payment process and create comfortable conditions for depositors to receive reimbursement. The DIA also clarifies that payments to Ugra depositors will begin no later than July 24, 2017.

Central Bank introduced a temporary administration at Ugra Bank

The Bank of Russia introduced a temporary administration at Ugra Bank on July 10, 2017. The interim administration is scheduled for six months due to the bank's unsustainable financial situation.

period 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 PJSC Bank Ugra, have been suspended," the regulator said in a statement

In addition, the Central Bank introduced a moratorium on satisfying the requirements of the bank's creditors for three months. As of June 1, Ugra Bank ranked 30th in the banking system of the Russian Federation in terms of assets. Also, as of June 1, Ugra attracted 181.3 billion rubles of population funds.

The Bank of Russia found in the Bank "Ugra" signs of a possible withdrawal of assets, manipulations with deposits and unreliability of reporting. This was announced at a briefing by Deputy Chairman of the Central Bank Vasily Pozdyshev.

"Why did we consider it necessary to make an assessment of the financial condition of the bank by the interim administration? Because over the past few months, we have signs that the reporting that the bank itself provides to us is unreliable. We also have signs of a possible withdrawal of assets and possible manipulation of deposits, "Pozdyshev

He clarified that the Central Bank revealed a scheme of deposit manipulation to Ugra Bank, in which the bank, bypassing the regulator's restriction on accepting household deposits, made individual depositors shareholders, giving them one share. "We noticed signs of this violation at Ugra Bank. So far, the scale of this violation is not very large - 1.88 billion rubles. But this is an alarming signal, including this was one of the reasons for the introduction of an interim administration, "said the deputy chairman of the Central Bank.

According to him, the regulator has already appealed to law enforcement agencies in connection with the activities of the bank.

In addition, the Central Bank, according to Pozdyshev, found signs that most of the bank's loan portfolio was used to finance the business of the owners of^[2] signs of^[3].

2016: Central Bank orders the bank to limit the attraction of savings of the population

On March 21, 2016, it became known that Bank Ugra, which is the leader in attracting savings from the population, at the direction of the Central Bank of the Russian Federation, limited the acceptance of deposits, Vedomosti reports. The bank's operating model inspires concerns.

The Central Bank introduces this measure when it sees certain risks associated with the activities of this bank, explained in February 2016 the first deputy chairman of the Central Bank Alexei Simanovsky.

At this time, Ugra is one of the most active players in attracting deposits. In 2015, they grew by 136% - the bank directed this money to lending to companies: in 2015, the portfolio grew by 137%. For comparison: in Sberbank in 2015, household deposits increased by 29%, in VTB 24 - by 36%.

As of February 1, 2016, Ugra had 153.3 billion rubles. urgent funds of individuals, another 6.6 billion the population kept in current accounts with the bank, follows from its reporting. In January 2016, deposits of individuals in Ugra increased by 0.6%, although in the banking system they decreased by 1.8%. In February, Ugra increased deposits by 3.6%, and in all banks deposits decreased by 1.3%.

"The Central Bank is looking closely at the bank, the regulator is not entirely satisfied with the operating model of Ugra - deposits of individuals are expensive, while it is clear that the volumes of deposits attracted by the bank are difficult to effectively place," said RAEX analyst Stanislav Volkov in July 2015, after the bank overtook everyone in terms of the speed of attracting deposits: plus 93% in six months. In August 2015, RAEX downgraded Ugra to B++ and withdrew it.

In addition to the growth rate of deposits, the Central Bank has a number of other claims against the bank, the counterparty of Ugra knows. The bank has not yet received OFZ from the Deposit Insurance Agency (DIA) under the state program for additional capitalization of banks, although it is included in the list of banks with a limit of 9.9 billion rubles. He must reduce the share of loans issued to related companies in order to receive OFZs, said in January Deputy Finance Minister, member of the DIA Supervisory Board Alexei Moiseev.

Among other requirements of the Central Bank was the disclosure by the bank of its beneficial owners. Market participants considered the owners of Ugra the father and son of Yuri and Alexei Khotin, and the bank called 12 individuals the beneficiaries. This requirement of the regulator "Ugra" fulfilled: at the end of 2015, as a result of an additional issue, Alexey Khotin appeared as part of the owners of the bank with a share of 52.5%.

2014

Board of Directors

For 2014:

Board of Directors: Anatoly Fomin (Chairman), Sergey Alafinov, Alexey Belolutsky, Vladimir Kishenin, Alexey Nefedov, Dmitry Tishchenko, Yuri Gusev.

Board: Yuri Gusev (chairman), Olga Grigorash, Alexander Osheka, Ruslan Petrov.

Increase in the highly liquid part of the balance sheet

In 2014, as part of the bank's assets, there was a significant increase in the highly liquid part of the balance sheet, balances on the correspondent account with the Central Bank, at the cash desk, nostro-balances on the accounts of non-resident banks - together make up 40% of net assets. The loan portfolio occupies 43% in assets and is represented mainly by corporate borrowers (it is the point of growth of the bank's assets). Enterprises and financial institutions in the portfolio account for more than 90%. Overdue loans under RAS at an acceptable level - 4.2%. About 45% of the loan portfolio is issued for a period of more than 1 year. The bank's securities portfolio is small, accounting for 7% of assets (including government securities).

By 2014, since the beginning of 2012, the bank showed a 1.5-fold increase in the balance sheet currency. In the passive part of the balance sheet, there is an increase due to deposits and balances in the accounts of individuals, and, to a lesser extent, due to an increase in balances in the accounts of enterprises. In assets, newly attracted cash resources are placed in the corporate loan portfolio, as well as in the form of highly liquid balances in the correspondent account with the Central Bank and nostro in non-resident banks.

In liabilities, about 60% of the total volume falls on deposits and balances in the accounts of individuals, 22% - balances in the accounts of enterprise clients, 11% - own funds. The customer payment dynamics is quite high, the turnover on customer accounts is 14-20 billion rubles a month.

In the market of interbank loans, JSCB Ugra is inactive, traditionally attracts small volumes of short-term liquidity, mainly from the Bank of Russia.

In terms of key performance indicators (net assets, loan portfolio, attracted household deposits), Yugra JSCB is confidently one of the five largest banks in the Tyumen region.

Financial rating as of January 1, 2014.

• Net assets - 55,278,093 thousand rubles. 92nd place in Russia, 4th place in the region

• Net profit - 3,896,650 thousand rubles. 23rd place in Russia, 1st place in the region

2013: Order of the Central Bank not to increase deposits of individuals

In mid-2013, the Central Bank ordered Ugra not to increase deposits of individuals. Then the bank began to advertise savings certificates in the Moscow metro, which, unlike deposits, are not insured. DIA Ignoring this recommendation will be a negative signal for the regulator - it means that the bank does not want or cannot abandon the aggressive policy of attracting deposits, explained the first deputy chairman of the Central Bank Alexei Simanovsky.

2012

Net profit of 121 million rubles

In 2012, the bank earned a net profit of 121 million rubles.

Additional issue of shares

In November 2012, the bank announced the start of an additional issue of shares in the credit institution and an increase in the authorized capital from 170 million rubles. up to 6.17 billion, after which the composition of the owners completely changed.

According to ami-tass.ru, the composition of the key shareholders of the credit institution, as of February 2, 2014: Vera Esionova (19.85%), Maya Alandzhiy (19.57%), Elena Laikova (15.36%), Natalya Ivanova (13.24%), Elena Belousova (7.73%), Anastasia Lebedeva (6.88%).

The credit institution has five branches - in Moscow, St. Petersburg, Yaroslavl, Krasnoyarsk, Tyumen, five additional sales offices and 3 operating offices. The bank employs about 500 employees.

2011: Net profit of RUB 7.6 mln

At the end of 2011, the bank received a net profit of 7.6 million rubles under RAS.

1996: Transformation into an open joint stock company

Since April 1996 - open joint stock company.

1992: Bank Corporation

The bank was incorporated in 1992.

1990: Establishment of a bank based on a branch of Promstroybank

The bank was formed on a mutual basis in November 1990 on the basis of a branch of Promstroybank. The founders are large enterprises of the oil and gas industry of the Tyumen region.

Notes