International Bank of St. Petersburg MBSP

Scope of activities, services:

• For legal entities: lending, cash settlement services, bank-client, documentary transactions, securities, salary projects, transactions with bills of exchange, deposits, trade financing operations, leasing.
• For individuals: bank deposits, current accounts, plastic cards, currency exchange, money transfers, rental of safes, securities.
• For financial institutions: transactions on the interbank market, banknote transactions, transactions with securities, correspondent relations.

History

2021: Criminal case on embezzlement of funds

In April 2021, in St. Petersburg, a case was opened on the fact of fraudulent theft of funds from the International Bank of St. Petersburg (MBSP), owned by former Senator Sergei Bazhanov. This happened two years after the Central Bank discovered the withdrawal of its assets through the transfer of rights of claims to counterparties and the acquisition of illiquid assets. In the criminal case, we are talking about several billion rubles.

2019

At the International Bank of St. Petersburg, runaway senator Sergei Bazhanov, premiums were paid before the collapse, which the interim administration wants to sue in August 2019.

Attempts are made to recover:

• from the owner of the bank Sergey Bazhanov -  36.1 million rubles,
• his wife Bazhanova Tatyana - 12.1 million rubles,
• Maxim Anishchenkov 23.7 million rubles,
• Elena Skvortsova - 12.2 million rubles.

The hole in the bank exceeded 15 billion rubles.

2018: License revocation

Since October 31, the Bank of Russia has revoked its banking license from two banks:  the International Bank of St. Petersburg and Incarobank. According to the reporting data, the International Bank of St. Petersburg occupied 116th place, and Incarobank 340th place  in terms of assets  in the banking system of the Russian Federation.

The decision of the Bank of Russia on the International Bank of St. Petersburg  was made  in connection  with the failure of the credit institution to comply with federal laws governing banking activities,  as well as Bank of Russia regulations, the significance of all standards of adequacy of its own funds (capital) less than two percent, the reduction of the amount of own funds (capital) below the minimum value of the authorized capital set at the  date of state registration of the credit institution, taking into account the repeated  application within one year of the measures provided for by the Federal Law "O  Central Bank of the Russian Federation (Bank of Russia)."

2014: Standard & Poor's confirms MBSP Bank's credit rating at "B"

The international rating agency Standard & Poor's confirmed in November 2014 the long-term credit ratings of MBSP OJSC on the international scale at the level of "B," on the national scale at the level of "ruBBB+," established in September 2012.

Among the positive factors of confirming the credit rating are a good base of corporate clients and stable positions in the market of the Northwest Federal District, the level of reserves above the average in the banking sector and low dependence on borrowing in the capital markets. The growth and significant size of the Bank's equity in the Russian accounting system was noted.

The forecast of the Bank's rating is due to the agency's general forecast for the Russian banking system, and confirmed at the "negative" level.

2013: Equity 7 billion rubles

As of January 1, 2014, the Bank's equity amounted to 7 billion rubles, net assets - 52.3 billion rubles, net loan debt - 38.5 billion rubles. Annual profit before tax exceeded 464 million rubles.

For 2013 year, MBSP increased its capital by 60 million rubles, which in 01.01.2014 amounted to 7 billion rubles. Net assets of the Bank increased from 51.0 to 52.3 billion rubles, and net loan debt increased from 37.5 to 38.5 billion rubles. After reflecting the events after the reporting date and before tax as of 01.01.2014, the Bank's balance sheet profit reached RUB 464 million.

The successful development of MBSP in 2013 was also reflected in the assessment of the rating agency Standard and Poor's, which confirmed the long-term credit ratings of the International Bank of St. Petersburg on the international scale at the level of "B," on the national scale at the level of "ruBBB+," the forecast of "Stable."