Investtorgbank

AKB Investtorgbank (OJSC) was established in March 1994. Investtorgbank is a universal commercial bank whose clients are enterprises and organizations of various forms of ownership, representing a wide range of sectors of the economy.

2025: DIA will sanitize Investtorgbank without participation of TKB group

In August 2025, the Deposit Insurance Agency (DIA) announced that TKB-Bank would cease its participation in preventing the bankruptcy of Investtorgbank (ITB) as an investor. This decision was made by the Board of Directors of the Bank of Russia. The report notes that the DIA itself will continue to implement measures to improve the bank, and the credit institution will continue to fulfill all its obligations. Investtorgbank has been reorganized since 2015 according to the so-called old scheme with the involvement of a private investor and DIA.^[1]

2021

American investment fund sues Deloitte for collusion with co-owner of bank

In November 2021, the Moscow court registered the claim of the American investment fund Starr Russia Investments III BV (Starr Foundation) against the auditor Deloitte. The amount of claims is more than 8 billion rubles. The Fund blames the company for collusion with the client - with the co-owner of the bank Vladimir Gudkov. The auditor, as an intermediary in the negotiations, convinced Starr Russia Investments III B. V to invest in the bank, assuring it of its reliability.

In the summer of 2008, the investment fund became the owner of a 19.99% stake in Investtorgbank. Deloitte became the bank's auditor after former auditor KPMG pointed out the bank's high-risk policy in a 2012 opinion.

The court sentenced the ex-board of the bank Vladimir Gudkov to seven years in absentia

In July 2021, the court sentenced the former board of Investtorgbank Vladimir Gudkov in absentia to seven years in prison and a fine of 800 thousand rubles..

Gudkov has been on the international wanted list since 2017, in 2018 he was detained by the Monaco police. In Russia, he was found guilty of embezzlement of more than 7 billion rubles. from Investtorgbank, the reorganization of which the Central Bank announced in September 2015.

Gudkov was the organizer of a criminal scheme that included issuing loans to fictitious borrowers. Gudkov "together with accomplices" shortly before the reorganization withdrew 3.6 billion rubles. The bank transferred this money to the accounts of counterparties - MGIS, IK Stolitsa, TD Finance and IK Crown. However, instead of liquid securities, the buyer received garbage papers issued by a certain Imperial-Torg. Read more here.

2019: Three employees sentenced to five years in prison

Former head of mortgage lending development at the bank Tatyana Zotina, director of the credit operations department Olga Zubkova and Investtorgbank freelance Elena Lukyanova were sentenced to five years in prison in 2019.

2015: Central Bank introduces temporary administration in Investtorgbank

The Deposit Insurance Agency will act as the interim administration of Investtorgbank and Vokbank, which is part of the same ITB Holding, the regulator said in a press release on August 27, 2015.^[2]

"The introduction of the interim administration of the DIA is aimed at obtaining operational control over the activities of the bank. This measure will ensure the protection of the interests of depositors and creditors of the bank, "the Central Bank said in a statement. The provisional administration will check the financial situation of the bank, as a result of which proposals for its further activities will be developed.

On August 23, the rating agency Moody's lowered the long-term ratings of Investtorgbank deposits to the pre-default level Caa3 with a negative forecast due to a deterioration in the bank's liquidity and reserves due to a loss in the first half of the year (2.3 billion rubles). The bank's liquidity reserve fell sharply - to 7% of the total assets as of August 1 from 12% as of July 1, Moody's said in a release. In August, bank depositors in the Ivanovo region seized more than 2 billion rubles at once. The bank's current liquidity may not be enough to withstand further stress given the volatility of deposit financing, analysts at Moody's wrote.

According to Interfax's ranking, according to the results of the first half of the year, ITB ranked 56th (123.26 billion rubles) in assets and 72nd (9.9 billion rubles) in equity. As of August 1, according to the Central Bank, the amount of funds of individuals placed in the bank amounted to 58.8 billion rubles. The bank's shareholders are five individuals and three companies.

2014

The bank's capital as of May 1, 2014 is 16,615,365 thousand rubles, the balance sheet currency is 210 728 910 thousand rubles.

Long-term credit rating "B +" (agency Standard & Poor's). The bank ranks 50th in terms of assets in the ranking of the largest banks in Russia (February 2014, Profile magazine). The bank is included in the list of the Central Bank of 76 banks, under the guarantee of which the Bank of Russia issues loans. The Bank is included in the list of 51 banks of the Government of the Russian Federation for opening accounts to secure applications for government purchases from January 1, 2014. According to the Банкир.ру version, the bank ranks 34th in the ranking of Russian banks for ruble loans to enterprises (as of May 1, 2014). The bank ranks 10th in the ranking of the largest banks in terms of SME loan portfolio as of January 1, 2014 (Expert RA). According to Rusipoteka, ITB Bank ranks 24th in the ranking of leading mortgage Russian banks in 2013.

2010

The bank's capital as of August 1, 2010 is 10,433,141 thousand rubles, the balance sheet currency is 87,598,983 thousand rubles.

In August 2010, Moody's left the Bank's ratings at the existing level, as well as forecasts for them: financial stability rating (RFC) - at the level of E +; long-term and short-term ratings on deposits in national and foreign currencies - at the level of B2 and NP (Not-Prime), respectively; long-term credit rating on the national scale - at the level of "A3.ru"; the forecast for all ratings is "stable."

2009

In July 2009, the National Rating Agency assigned an individual credit rating of Investtorgbank JSCB (OJSC) at the A + level (high creditworthiness, first level). In August 2010, the National Rating Agency confirmed the individual rating of creditworthiness of Investtorgbank at the level of "A +." The forecast is "positive."

2008

In July 2008, Moody's changed the rating of Investtorgbank JSCB on long-term deposits in local and foreign currencies from stable to positive. Moody's confirmed the financial stability rating (BFSR) of Investtorgbank E + and Not Prime short - term deposit rating. At the same time, Moody's upgraded Investtorgbank's (NSR) national rating from Baa1.ru to A3.ru.

2004: Receiving Moody's Interfax Rating Agency

Since 2004, the Bank has been rated by Moody's Interfax Rating Agency.

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