Non-Core Assets Bank Trust National Bank Trust

Bank of Non-Core Assets Trust (JSC National Bank Trust, formerly PJSC) is a Russian financial institution with majority state participation, created as part of the activities of the Central Bank of the Russian Federation to improve the banking system.

It was founded in July 2018 on the basis of TRUST Bank (PJSC) by consolidating non-core assets of rehabilitated financial organizations. The bank's activities are aimed at effective asset management in order to improve their recovery, increase market value and sell at the maximum price. The sale of these assets will compensate the state for the costs of reorganization of the largest banks.

Performance indicators

2023: Annual net profit - 86.2 billion rubles

Bank of non-core assets "Trust" at the end of 2023 recorded a net profit under RAS in the amount of 86.2 billion rubles. Alexander Sokolov announced such data from the board of directors of the organization in mid-February 2024.

As Kommersant notes, in terms of net profit at the end of 2023, Trust took eighth place among Russian banks. According to the chairman of the board of Trust Alexander Sokolov, high profits were obtained thanks to large transactions for the sale of assets at prices "significantly higher than the estimated value." Among such deals:

• the sale of JSC Tochka (the difference between the estimated value at the beginning of work with the asset and at the time of its sale amounted to 25.1 billion rubles);
• sale of Baltic Leasing (13.2 billion rubles);
• sale of Inga and Trans-Oil (19.2 billion rubles).

Bank of non-core assets "Trust" at the end of 2023 recorded a net profit under RAS in the amount of 86.2 billion rubles

Taking into account the sale of Kama Pulp and Paper Mill, asset transactions brought the bank more than 100 billion rubles, but Trust sold the United Wagon Company (UWC) with a loss of about 20 billion rubles.

As noted by Alexander Sokolov, for 2019-2023. Trust returned about 650 billion rubles to the country's economy, including repayment of the Central Bank's deposit and tax deductions. By the end of 2023, assets remained in the group's portfolio, the fair value of which amounted to 55 billion rubles. Taking them into account, the bank increased the fair value of assets transferred under management by 2.5 times: from 233 billion to 574 billion rubles.

Settlement agreements, restructuring of liabilities and asset management, as well as the sale of real estate, provided the bank with 87% of five-year fees. The share of judicial recovery accounted for 13% of the total amount of fees, Sokolov explained.

By the end of 2023, the bank continued to own preferred shares of Russneft (16.52%). In addition, Trust had 3.61% of the ordinary shares of the oil company.^[1]

2022: Reduction of assets by 62.1 billion rubles

In March 2023, Trust, a bank of non-core assets (BNA), disclosed its reporting according to Russian standards (RAS) for 2022. At the end of this period, the bank's assets decreased by 62.1 billion rubles. In 2022, Trust withdrew from a number of assets, in general, receiving revenues of 74 billion rubles from transactions. So, he sold Inteko for 38 billion rubles, Geotek for an indefinite amount, ZernoDon, the Atakaycement plant and others.

According to Kommersant, Trust disclosed in an abbreviated form the statements, in the open lines of the asset structure, the reduction amounted to 29.3 billion rubles, classified accounted for 32.8 billion rubles, these include derivative financial instruments, investments in subsidiaries and affiliates and "other assets."

Trust's net profit exceeded 1 billion rubles against 50.5 billion rubles a year earlier. The newspaper notes that the main indicator for BNA is fees from non-core assets, which in 2022 amounted to 113 billion rubles.

The bank also showed a sharp increase in risk-weighted assets by 387 billion rubles per year, to 1.4 trillion rubles, while there was no comparable increase in the line of assets, and reserves for loan losses generally decreased by an order of magnitude: at the end of 2022, the bank accrued 12.5 billion rubles against 290.9 billion rubles a year earlier.

The change... related to the peculiarity of their accounting and reporting of income and expenses. These changes do not affect the final financial result, the bank explained.

The managing director of Expert RA, Yuri Belikov, is inclined to interpret the situation as rather a transfer of part of the losses to future periods due to the Central Bank's concessions regarding the formation of reserves. It is also reported that in 2022, Trust showed a sharp increase in sources of additional capital - from 547 million to 9.3 billion rubles.^[2]

History

2024

Ownership of 100% M2M Prime Bank

In September 2024, Trust Bank became the main creditor of the M2M Pryvet Bank going through the bankruptcy stage, having received 100% of the credit institution ownership. This is evidenced by the data of the Unified State Register of Legal Entities. Read more here.

Sale of the Moscow department store "Youth" for 1 billion rubles

In September 2024, it became known that Trust Bank sold the Moscow department store Molodezhny for ₽1 billion. The transaction was completed after several years of unsuccessful attempts to sell the object, which passed to the bank after the bankruptcy of Binbank. The new owner of the asset, an area of ​ ​ 11.6 thousand square meters. m, became the owner of the microfinance company "Seimer" Sergey Sedov. The department store is located on the Mozhaisk highway in the western part of Moscow. Read more here.

Plan to receive 850 million rubles from the sale of 4 retail premises in Moscow

Bank of non-core assets "Trust" found buyers for 4 retail premises in Moscow. The value of assets at open trading amounted to 849.1 million rubles. Their total area is more than 10.7 thousand square meters. m.

Previously, the premises housed Bill supermarkets. The objects came under the control of Trust following the results of debt collection from the Cypriot company Retail Chain Properties Ltd (RCP).

2023

Sale of interest in UWC

In mid-February 2024, Alexander Sokolov, chairman of the board of the Trust non-core assets bank, spoke about some details of the deal to sell a stake in the United Wagon Company (UWC). According to him, the credit institution left the capital of UWC with a loss of 20 billion rubles. Read more here.

Mikhail Gutseriev paid off the debt to Trust under an agreement for 130 billion rubles

President and founder of the Safmar group Mikhail Gutseriev prematurely paid the Trust bank ahead of schedule to pay the bank non-core assets about 130 billion rubles under two amicable agreements. This was announced in December 2023 by the chairman of the board of the bank Alexander Sokolov. Read more here.

Sale of UWC shares to a core investor

Bank of non-core assets Trust sold its stake in the United Wagon Company (UWC) to a profile investor, Alexander Sokolov, CEO of the credit institution, told RBC in December 2023. According to him, this was a direct sale without announcing the bidding that Trust usually conducts when selling assets. Read more here.

An independent oil and gas company bought oil production companies in the Khanty-Mansi Autonomous Okrug from Trust for 20 billion rubles

On December 12, 2023, it became known that the Independent Oil and Gas Company (NOC) acquired the oil-producing structures of Inga JSC and Trans-Oil JSC at an auction from the bank of non-core assets Trust. The transaction value is approximately 20 billion rubles. Read more here.

Increase in share in UWC to 93.6%

Bank of non-core assets Trust increased its stake in the United Wagon Company (UWC) from 27.76% to 93.6%, having bought back its shares by 25 billion rubles. The press service of the largest manufacturer of freight trains in Russia of increased carrying capacity announced this on November 22, 2023. Read more here.

Sale of the confectionery factory "Bogatyr" in Zelenograd for 1.2 billion rubles

On October 13, 2023, it became known about the change of the owner of the Bogatyr confectionery factory. The asset was acquired by Elma Group. Read more here.

Sale of Baltic Leasing to Profitable Investments

In early October 2023, it became known about the sale of Baltic Leasing to Profitable Investments (part of Control Leasing Group of Companies). The seller in the framework of this transaction was the bank of non-core assets (BNA) "Trust." Read more here.

Sale of the Premier shopping center ex-head of Tavrichesky Bank

At the end of August 2023, it became known about the conclusion of an agreement on the sale of the Premier shopping center in Moscow to businessman Anton Agafonov, who had previously been chairman of the board of directors of Tavrichesky Bank. Details are quoted by the Vedomosti newspaper. Read more here.

Sale of 90% of Tochka Bank for 41.5 billion rubles

On July 10, 2023, Trust, a bank of non-core assets (BNA), announced the sale of 90.01% of Tochka Bank for 41.5 billion rubles. It is planned to close the transaction in the third quarter of 2023, the name of the buyer in the press release of Trust was not disclosed. Read more here.

Recovery by the court of 17.9 billion rubles from Mikail Shishkhanov

In early June 2023, the Moscow Arbitration Court, at the suit of Trust Bank, recovered more than 17.9 billion rubles from the former main owner of Rost-Bank Mikail Shishkhanov, as well as from four of his co-defendants. The decision was made in the framework of the proceedings related to the transaction with shares of the Yasenevo trading house. Read more here.

Sale of Gutseriev's former warehouse in Mytishchi for 1.35 billion rubles

On May 5, 2023, information appeared that the bank of non-core assets Trust found a buyer for the former warehouse of billionaire Mikhail Gutseriev in Mytishchi. This property was bought by Elma Project, a company associated with Elma Group. The transaction amount is approximately 1.35 billion rubles. Read more here.

Sale of Kama plant

On January 9, 2023, it became known that the Federal Antimonopoly Service (FAS) approved the sale of Kama, which combines the pulp and paper mill of the same name (pulp and paper mill), Kamabumprom and Kama Carton. The assets were acquired by the structure of the co-owner of Pharmstandard, billionaire Viktor Kharitonin. Read more here.

2022

Prevention of bankruptcy by the Bank of Russia

At the end of March 2023, the Central Bank of the Russian Federation, as part of its reporting, named the banks whose bankruptcy was prevented in 2022. We are talking about the Bank of Non-Core Assets (BNA) Trust, Promsvyazbank and MINnBank. Read more here.

Redemption from Otkrytie of requirements for ex-beneficiaries of Binbank and RGS for 375 billion rubles

At the end of December 2022, Trust bought from Otkritie the requirements for ex-beneficiaries of Binbank and RGS, as well as Otkritie FC for 375 billion rubles. Among the purchased, including the rights of claim against Vadim Belyaev, Mikail Shishkhanov, Mikhail Gutseriev and Danil Khachaturov. Read more here.

Sale of assets for 87.6 billion rubles

From January to mid-December 2022, Trust Bank sold atkivas worth 87.6 billion rubles. Until the final goal of 482 billion rubles set at the beginning of 2024, it remains to help out less than in 2022 - about 66 billion rubles, the Kommersant newspaper notes in the issue of December 19, 2022.

Notable transactions of the bank in 2022 were the sale of the agricultural holding Rostagro"" for almost 19 billion rubles, Atacaicement"" for 4.4 billion rubles, the agricultural holding "ZernoDon" for 4.3 billion rubles. Also, Trust has two new assets from the bank Opening"" - Baltic Leasing"" and. JSC "Tochka"

The point is estimated at 20 billion rubles, says the source of the newspaper. Trust can receive an equally large amount of money for preferred shares of RussNeft (16.52% stake). Among the large assets, a fairly large pool of real estate also remains - in particular, Kaluga shopping and entertainment center and department stores Yasenevo, Dobryninsky, Molodezhny, Riviera shopping and entertainment center, Baltic Leasing and UWC.

The original version of the Trust model assumes the completion of work by 2024, but more than once the organization admitted that part of the work could be postponed to 2024-2025.

Some assets are sold at a significant discount, sometimes less than their real value, said FBK partner Anastasia Terekhina. According to her, it is not necessary to count on previously planned profits from the sale of non-core assets.

The sale of large and medium-sized non-core assets, except for agricultural enterprises and Tochka, will be much more difficult in 2023. The effect of sanctions will fully manifest itself, the depressive situation in the business sphere will affect, "says Anna Avakimyan, chief analyst at RegBlok.

In her opinion, the largest state-owned companies may be tempted to take advantage of the situation and receive assets at a symbolic price, as VTB Bank intended to do in March 2022, having issued a kind of petition for the takeover of Otkritie Bank^[3]

Recovery from its former owners 9 billion rubles

The Trust recovered from the former owners of the bank non-core assets Ilya Yurov, Sergei Belyaev and Nikolai Fetisov a total of 9 billion rubles (about $142.4 million) two years after the court won against them (then the court decided to pay the bank $900 million). This was announced to Vedomosti in mid-December 2022 by the chairman of the bank's board, Alexander Sokolov. Read more here.

Sale to Geotech

Trust sold the oilfield service company Geotek. This was announced in mid-December 2022 by the chairman of the board of the bank of non-core assets Alexander Sokolov. Read more here.

Sale of Atakaycement for 4.39 billion rubles to Business-invest

On November 9, 2022, it became known about the sale of Atakaycement to Business-invest LLC, owned by Bryansk businessman Aleksei Filin. The transaction cost amounted to 4.39 billion rubles, the press service of the bank of non-core assets "Trust," which acted as the seller of the assets of one of the largest cement producers in the Southern Federal District. Read more here.

Otkritie sold Tochka Bank to Trust

On June 9, 2022, it became known about the sale of 90% of Tochka Bank to the national bank Trust. The sellers of assets were FC Otkritie. Read more here.

Ex-co-owner of Trust Bank received 8 years in prison for embezzlement of 14.5 billion rubles

In mid-April 2022, the Basmanny District Court of Moscow sentenced Ilya Yurov to 8 years in prison. The former co-owner of Trust Bank was found guilty of embezzling more than 1.5 billion rubles and almost $168 million from a credit institution. Read more here.

Receiving part of former Billa stores worth 3.84 billion rubles by court decision

As it became known in early February 2022, Trust Bank received part of the former Billa stores with a total value of 3.84 billion rubles by decision of the Moscow Arbitration Court. The credit institution secured the sale of premises as part of debt collection from their owner Retail Chain Properties (RCP). Read more here.

2021

Sale of 49% of "A101" to the Gutseriev family for tens of billions

On November 10, 2021, it became known that New Perspective LLC Bilan Uzhakhov (nephew of Mikhail Gutseriev) bought 49% of the Cypriot company Balamer Holdings Ltd from the state bank of non-core assets Trust, which, in turn, owns the A101 development group. Read more here.

New requirements for the Ananyev brothers for €315 million

On September 7, 2021, it became known about the new requirements presented by Trust Bank to brothers Dmitry and Alexei Ananyev. According to TASS, citing a statement from a credit institution, claims in the amount of 315 million euros were put forward in Cyprus in connection with the alleged illegal withdrawal of assets from Promsvyazbank and Avtovazbank. Read more here.

Cinema Park demands to revoke the license from the bank, but the court refuses

In July 2021, the Moscow Arbitration Court did not revoke the banking license from the bank of bad debts - the court refused to satisfy the requirements of the Cinema Park cinema network to the Central Bank on the forced revocation of the Trust bank's license. The plaintiff pointed out that the state bank Trust has essentially turned into a collection and trading organization that has nothing to do with the bank: Trust does not conduct ordinary banking activities, the Central Bank has not complied with the standards for about seven years, hiding behind a reorganization plan, shows the results for which ordinary participants in the financial market would have taken away the license years ago.

The plaintiff noted that the Trust is not a normal participant in the financial market and economic relations, greenhouse conditions have been created for the Trust, its main goal is exclusively debt collection, which affects banking consumers who unwittingly ended up in the Trust. The plaintiff considers the court to be the only form of protection in this case, since Trust is subordinate to the Central Bank, which in turn does not obey anyone.

The Central Bank considered that only he and no one else could determine the grounds for revoking the license, the courts could not be given such a right. An interesting position, especially given the position of the Bank of Russia in this matter, the Central Bank is at the same time a regulator of the banking market and a shareholder of Trust.

Interestingly, judging by the materials of the court, the plaintiff wanted to involve the Ministry of Finance in the case by a third party - the ministry is also entrusted with the obligation to regulate the banking market.

Sale of VTB 9% of the bank's shares

On May 19, 2021, it became known about the sale of a 9.08% stake in VTB by the bank of non-core assets Trust. The transaction took place based on the price of 4.27 kopecks for one ordinary security.

A total of 1.18 trillion securities were sold. The bookbuilding was organized by Citi Group, JPMorgan and VTB Capital. The total amount is about 50 billion rubles.

It is noted that the sale took place according to the procedure for expedited collection of applications. The deal took place with a 9% discount to the previous closing price, which at the end of May 18, 2021 amounted to 4.69 kopecks.

More than half of aggregate demand came from foreign investors, among whom investment funds from the UK dominated, said Boris Kvasov, co-head of the equity capital markets department at VTB Capital. According to him, the bid book was signed for the entire volume of the offer in less than an hour since the launch of the deal and attracted great interest from a wide range of investors.

According to Kvasov, the transaction was the largest offer of shares in a Russian bank in the last seven years and the largest accelerated secondary offer of shares in a Russian company in more than ten years. " In the Eastern European region, the placement was the largest in the banking sector in 3 years, he added.

After the deal in May 2021, Trust did not have any VTB shares left. A package of 9.08% of securities at one time was bought by Trust from Otkritie FC for 44.6 billion rubles.

By May 19, 2021, Otkrytie has a 5.75% stake in VTB. Bank General Director Mikhail Motorin says that the credit institution "does not plan to sell the shares of VTB Bank that it owns through an offer in the capital markets for at least three months after the completion of the offer of shares in VTB Bank, carried out by Trust Bank^[4]

Filing a lawsuit against the Ananyev brothers in the Avtovazbank case for 113 billion rubles

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

Sale of the Vyborg plant Linnafrost to Briskly

The Russian developer of the self-service platform Briskly bought a plant in Vyborg Linnafrost (Vyborg Refrigeration Plant LLC, VKHZT) for the production of smart refrigerators. This became known at the end of March 2021. According to RBC, the contract for the purchase of Linnafrost was concluded with the bank of non-core assets Trust. Briskly proved to be the sole contender for the venture. Read more here.

2020

Bank TRUST (PJSC). General License of the Bank of Russia No. 3279.

Purchase of VTB shares for 44.6 billion rubles from Otkritie Bank

On December 29, 2020, Otkritie Bank conducted a deal to sell VTB shares to Trust for 44.6 billion rubles. How many securities are in question is not specified. Read more here.

The court arrested the assets of the Ananyev brothers for €267 million in favor of Trust Bank

In early December 2020, it became known about the arrest of the property of the Ananyev brothers in the amount of 267 million euros. The corresponding decision in favor of the bank of non-core assets "Trust" was made by the district court of Limassol (Cyprus). Read more here.

Receipt of 79.8 billion rubles from the Central Bank for the purchase of non-core assets of Otkritie

On November 27, 2020, the Central Bank of the Russian Federation announced that it was allocating financing to Trust Bank in the amount of up to 79.8 billion rubles for the purchase of non-core assets of Otkritie FC. These measures are aimed at preventing the bankruptcy of Trust.

The Bank of Non-Core Assets (BNA), created on the basis of Trust, will redeem from Otkritie part of non-core assets, including VTB, both at the expense of the Central Bank's deposit and at the expense of its own free funds.

As the regulator noted, VTB shares are a non-core asset of Otkritie and are transferred to BNA in order to exclude the ownership of one systemically significant bank of more than 9% of the shares of a competing systemically significant bank with another controlling shareholder.

In addition, non-core assets must be removed from Otkritie's balance sheet in preparation for the bank's sale, the regulator's press service added. Initially, the deal was scheduled for the end of 2021, but due to the COVID-19 coronavirus pandemic, the Central Bank changed plans and now considers the spring of 2022 to be a more realistic date.

The amount of financing provided by the Bank of Russia will be determined taking into account the value of assets formed in the organized securities market on the eve of the transaction, and will not exceed 79.8 billion rubles, the regulator said.

A representative of Trust told RBC that the bank will decide on plans for these shares when they move to its balance sheet, and declined other comments.

We do not comment on the actions of our shareholders, while emphasizing that this decision will not affect the actual shareholder structure of our bank in any way, "a VTB representative told the publication.

Otkrytie considers this a market deal. The sale of assets will be carried out exclusively at market prices. Therefore, the financial result for Otkritie Bank will be neutral, said a representative of the credit institution.^[5][6][7][8]

The court arrested the assets of Shishkhanov and co-defendants in the claim of Trust for 329 billion rubles

On September 24, 2020, it became known about interim measures taken by the Moscow Arbitration Court in the form of the arrest of the defendants' property within the amount of the claim of Trust Bank to recover more than 306.5 billion rubles from the ex-head of Binbank Mikhail Shishkhanov and other persons who controlled him. Read more here.

Settlement agreement with Samphar after the claim of the Central Bank for ₽85 billion

On September 22, 2020, the Samphar group of Mikhail Gutseriev announced the conclusion of an amicable agreement with the controlled CENTRAL BANK OF THE RUSSIAN FEDERATION banks "" and Opening"Trust." It is connected with the lawsuit of the regulator against a businessman for 85 billion, the rubles requirements for which are related to reorganization, B&N Bank where Gutseriev had a minority share. More. here

London court ordered former owners of Trust to pay $900 million to the bank

On January 23, 2020, the High Court of London ordered the former owners of Trust Bank Ilya Yurov, Sergei Belyaev, Nikolai Fetisov and their wives to pay the bank $900 million.

According to the Trust, the court decided that the former owners of the bank were involved in a fraudulent scheme, and were responsible for the collapse of the bank in December 2014. Bank Trust then became the property of Otkritie Bank, which took up its reorganization. In 2017, Otkritie also fell under reorganization, both banks were owned by the Central Bank.

"During the trial, it was established that for many years Ilya Yurov, Sergei Belyaev, Nikolai Fetisov were engaged in fraudulent operations. In particular, they provided loans from the bank's funds to controlled offshore companies, "the[9] said in a statement[9].

Also, the former owners of the Trust did not notify the Central Bank when the bank was in a pre-bankruptcy state. They "implemented a scheme to attract deposits through an expensive advertising campaign involving Bruce Willis," the Trust added.

The trial lasted four years. In 2016, the Trust sued its former owners and their wives at the High Court in London. The bank demanded the return of $830 million in compensation for unserved loans issued to offshore companies controlled by them.

2019

Joining Avtovazbank

On March 11, 2019, it became known that Bank Trust had completed the accession of Avtovazbank. The carrying amount of assets transferred to the bank of non-core assets amounted to 340 billion rubles. Read more here.

The Bank of Bad Debts of the Central Bank promised to pursue the Ananyevs abroad

The Bank of Non-Core Assets (BNA) intends to prosecute in foreign courts the ex-owners of Promsvyazbank brothers Dmitry and Alexei Ananyev and the beneficiaries of the O1 Group - the family of Boris Mints. In February, with reference to the head of Trust Bank (BNA was created on its basis), Alexander Sokolov, following a press conference, told RBC^[10] the^[11]. Read more here.

2018

Buyout of non-core and problem assets in Binbank for 110 billion rubles

In July 2018, Nabsovet Binbank approved the sale of a pool of non-core and problem assets to Trust Bank in the amount of about 110 billion rubles. According to the press service of Binbank, the sale of assets will be carried out in several stages until the end of 2018.

As specified in the bank, problematic corporate loans and securities are subject to sale.

"This will allow Binbank to significantly improve financial performance: improve the quality of assets, reduce the share of overdue debt in the corporate loan portfolio and reduce reserves for distressed debts," the credit institution noted

.

For more details see Binbank

Reformatting bad and non-core assets into a bank

The Central Bank acquired additional issues of ordinary shares of the bank &# 171; Trust &# 187; in the amount of 300 million rubles, &# 171; Growth-Bank &# 187; &# 8212; in the amount of 350 million rubles. The regulator announced its decision to independently sanitize these banks in March 2018.

In early April 2018, Deputy Chairman of the Central Bank Vasily Pozdyshev said that on the basis of the &# 171; Trust &# 187; create a bank of bad and non-core assets that will operate as a private equity fund. He added that to &# 171; Trust &# 187; must attach the assets of &# 171; GrowthBank &# 187;, Avtovazbank and part of the assets after the division of the balance sheet of Promsvyazbank.

2014: CBR decides to reorganize TRUST Bank

On December 22, 2014, the Board of Directors of the Bank of Russia decided on the financial recovery of JSC National Bank TRUST, and also approved a plan for the participation of the Deposit Insurance Agency (DIA) in the prevention of bank bankruptcy. This is stated in the message of the Central Bank.

From December 22, 2014, the DIA will perform the functions of an interim administration to manage the bank. "For the period of the interim administration, the powers of the bank's shareholders related to participation in the authorized capital and the powers of the governing bodies have been suspended," the regulator said in a statement. The Central Bank also said that the DIA, through a loan from the Bank of Russia, will provide financial assistance to TRUST Bank in the amount of up to 30 billion rubles to maintain its liquidity. In the near future, an investor of OJSC National Bank TRUST will be determined.

The Central Bank emphasizes that the implementation of the approved participation plan will ensure the bank "TRUST" the possibility of uninterrupted settlements. All clients of the bank, including depositors, will be able to use its services as usual, conclude with the Bank of Russia.

2013: Conflict with R-Style Softlab

In April 2013, NB TRUST filed a lawsuit against R-Style Softlab demanding to pay it 9.74 million rubles. According to R-Style Softlab, their company performed a pre-design examination for NB TRUST for the bank, prepared and handed over the necessary documentation to the customer, however, "in violation of its warranty obligations, payment for the services already provided was not made, which became the basis for going to court." Details.

2010: In the 30 largest banks in Russia

National Bank TRUST (OJSC) is stably included in the TOP-30 of banks of the Russian Federation (according to the Central Bank of the Russian Federation), provides a full range of retail banking services, services in the field of lending to small and medium-sized businesses, corporate, settlement and cash services, investment services, etc.

National Bank TRUST (OJSC) is one of the 30 largest banks in Russia (data from the Central Bank of the Russian Federation) and has been dating back to 1995. NB "TRUST" provides a full range of services for private clients, comprehensive service to corporate clients, small and medium-sized businesses, is one of the leaders in the investment banking services market. The Bank has one of the largest regional networks: NB TRUST is represented in 170 cities located in 60 regions of Russia, customer service is carried out in 200 offices from Kaliningrad to Vladivostok.

2008: Merger of two banks under the NB "TRUST" brand

Until the end of 2008, 2 financial structures were operating under the TRUST brand, which were part of a single Banking Holding - National Bank TRUST and Investment Bank TRUST. In November 2008, the association of financial organizations under the brand of the National Bank TRUST (NB TRUST) planned by the shareholders of the Banking Holding was completed, while maintaining a strong investment team in the structure.

Notes