Sotsinvestbank (SIB)

Assets

For 2015 the head office of bank is located in Ufa. By quantity of points of service and sales (126 divisions, including three offices in Moscow) Sotsinvestbank is one of the largest banks of Bashkiria. The bank offers users of plastic cards 40 ATMs and 30 terminals. Number of staff — about 800 people.

Among clients JSC Factory of Nonwoven Fabrics, Ishimbay Hosiery Factory Ltd, JSC Bashneftegeofizika, JSC Uchalinsky Thermal Networks were mentioned.

For 2015 on attraction sources liabilities of bank are poorly diversified. 25% of liabilities are the share of a share of own means (the capital and reserves). Means of individuals make 7 billion rubles and occupy 55% of liabilities. Customer base rather small. Payment dynamics stable, moderate, turnovers in a month vary in the range of 5,7─8,5 billion rubles. The dependence of bank on means of the population is estimated as the high^[1].

Assets of bank for 34% are provided by investment of funds in banks, the loan portfolio ─ 25%, the securities portfolio represents 19%, another 14% ─ the immobilized assets (including fixed assets).

34% of net assets are the share of investment of funds in banks. Almost all amount — short-term loans to the Russian banks.

The loan portfolio ─ 3.19 billion rubles ─ creates 25% of net assets. Loans to individuals occupy 75% of total amount. On terms a portfolio long-term ─ 90% of loans are issued for the term of more than one year.

Securities portfolio ─ 2.4 billion rubles, 19% of net assets. For 30% are provided by investments to state papers of the Russian Federation, for 37% ─ bank bills and bonds, for 28% ─ the papers transferred to a repo. Turnovers in a month moderately high that indirectly allows to consider a portfolio in large part liquid.

Practically does not work at the market of Forex bank.

Services

For 2015 except standard services, the bank offers corporate clients:

• crediting under the guarantee of Fund of development and support of a small entrepreneurship of the Republic of Bashkortostan,
• tender guarantees,
• corporate cards,
• salary projects,
• deposits (product line),
• transactions with securities,
• broker and depository operations,
• individual VIP-service.

Performance Indicators

At the end of 2013 the bank earned 28.5 million rubles of net profit.

According to the results of ten months 2014 profit was 14.3 million rubles.

History

2015

The bank passes under control of "The Russian capital"

On December 4, 2015 it became known that Sotsinvestbank (SIB) which sanitation since September was carried out by "subsidiary" of Deposit Insurance Agency — "The Russian capital" — passed under control of turnaround manager, follows from materials of the Ufa bank. As a result of the issue of shares on 10 million rubles placed in November for benefit of "The Russian capital" "subsidiary" of DIA received 99.99% in SIBE. Sergey Tabolin who possessed more than 90% of bank shares since December 3 has no control over organization^[1].

Earlier for 2015, according to the revealing data, as the main owner of Sotsinvestbank the chairman of the board Sergey Tabolin (94.9%), in the past the key owner of the Russian Bank of Business Cooperation (RBBC) acted.

The supervisory board for 2015 included:

• Vladimir Tabolin (chairman),
• Gennady Lobanov,
• Tatyana Ivanovna Tabolina,
• Tatyana Grigoryevna Tabolina,
• Sergey Kozlowski.

Board: Sergey Tabolin (chairman), Alexander Semochkin, Vladimir Tabolin, Dmitry Ovchinnikov.

The capital of Sotsinvestbank is reduced to 1 ruble

According to the order of the Bank of Russia of October 6, 2015 the authorized capital of PJSC Sotsinvestbank is reduced to one ruble. It is made according to Article 189.50 of the Federal Law "About Insolvency (Bankruptcy)". Besides, the additional share issue of public joint stock company which is carried out on June 2, 2015 is recognized cancelled, state registration of this release is cancelled.

The subsequent increase in the amount of authorized capital of PJSC Sotsinvestbank will be performed after registration of changes in the constituent documents of bank connected with reduction of authorized capital to one ruble. Additional issue of shares of PJSC Sotsinvestbank will be purchased by JSB ROSSIYSKY CAPITAL within the measures for financial improvement of credit institution approved by the Bank of Russia.

Loss of 8 billion rub in Motylev's banks, sanitation and accession to "The Russian capital"

In September, 2015 it became known that the Deposit Insurance Agency (DIA) is going to select 8 billion rubles for sanitation of the Ufa Sotsinvestbank (SIB) and published tender conditions at choice of turnaround manager on the website.

Made the decision on sanitation of SIBA Central Bank at the request of the authorities of Bashkiria. The regulator as a result selected more than 7 billion rub for these purposes^[1].

It was going to select the investor till September 11, but explicit applicants for sanitation did not appear. Sanitation was required to Sotsinvestbank because of revocation of license of Motylev's banks which in it were credited therefore his means hung up for 8 billion rubles.

Therefore the DIA is ready to select to turnaround manager this amount. To 7.1 billion rubles the turnaround manager will receive on a hole covering in the capital of bank and 0.9 billion rubles — on maintenance of liquidity. But the final amount of support in limits of 8 billion rubles will be determined after results of selection of the investor.

At the same time receiving a soft loan for turnaround manager will have a number of conditions. It is necessary to it in five days after the state help to return DIA the credit — 2 billion rubles, and it undertakes to pay off ahead of schedule DIA in process of return by the former owner Tabolin of the put several tons of the unprocessed amber stone belonging to bank.

There are no market applicants for Sotsinvestbank sanitation yet. The B&N Bank and Alfa-Bank do not participate in tender. Opening does not comment on a situation. Interest showed Sovcombank, but denies it. Relight does not answer yet. Therefore the most probable applicant the subsidiary of DIA — the Russian Capital sees each other.

On September 21, 2015 it became known that the turnaround manager of DIA Russian Capital bank will attach the sanified Sotsinvestbank, follows from the message of the Bank of Russia. "The plan of participation provides establishment by the investor of control over bank and also its reorganization in the form of accession to JSB Rossiysky capital, the statement says.

Activity of Sotsinvestbank which does not work since July 27, 2015 will be completely recovered within a week, the chairman of the board of Russian Capital bank Mikhail Kuzovlev promised in the middle of 2015. At this time Sotsinvestbank has 124 departments across all Bashkiria, means about 220,000 investors - individuals and about 12,000 enterprises are stored in it. The volume of deposits of natural persons exceeds 10 billion rubles.

2008: RDBS bank is a part of Sotsinvestbank

In April, 2008 the Russian Bank of Business Cooperation (RBBC) turned into maintaining Sotsinvestbank. A year later RBDS lost the banking license. However in 2012 for the first time in the history revocation of license was disputed by owners of bank, and RBDS continued work.

In August, 2013 "CB Russian Bank of Business Cooperation by reorganization was attached to JSC Sotsinvestbank.

1987: Creation of bank

The bank was created in 1987 based on the Bashkir department of Zhilsotsbank of the USSR. As founders seven organizations and the enterprises, including Ministry of Commerce and the industries of BASSR, republican management of Soyuzpechati, experimental-demonstrative state farm Flowers of Bashkiria, the Bashkir regional committees of DOSAAF and the All-Union Leninist Young Communist League, the All-Russian Society of Nature Conservation acted.

Also in the 1990s among major shareholders significant positions were taken by the largest petrochemical enterprises of the republic Ufanefteorgsintez and Ufaneftekhim.

In 1998 financial organization obtained the general license of the Bank of Russia and was transformed to open joint stock company.

The bank logs in deposit insurance since October, 2004.

Prior to the beginning of 2007 the native of Kvest bank (later — Svedbank), the former chairman of the board of Sotsinvestbank Dmitry Neverov owned almost 20 percent share block of credit institution.

Notes