Vanguard of joint stock bank

Owners

For April, 2019 Kirill Minovalov controls 99.2% of bank shares through "Alkor holding of Groups" and 0.7% — directly, the rest is held by minority shareholders.

The bank always had small free-float, for April, 2019 it makes 0.0028377% of bank shares. "I always had 99% of bank shares" — Minovalov said Forbes in 2013. Any other shareholders (among them there were Rosshina, AMO "ZIL", the Magadan gold mining GOKI) were always present at authorized capital rather nominally anybody had even no 1%.

"In the 1990th it was wrong to have bank with shareholders no name, and I even itself was interested that the known names sounded in the press" — the banker said. At the same time officially he recognized that he is the owner of Avangard, in 2002.

Assets

JSC JSB AVANGARD is the universal commercial bank having the developed branch network.

For March 1, 2019 Avangard takes the 56th place among the Russian banks by the amount of assets (133.1 billion rubles) and the 43rd — on the capital (23.3 billion rubles).

History

2019: Rise of share value at the exchange

On February 13, 2019 bank shares at the Moscow Exchange jumped up in the price for 42.1% — biddings opened from 570 rubles for an action, and at the time of closing paper cost 810 rubles, next day biddings opened from the price of 860 rubles for an action. The following jump was on March 12 — almost for 31%, from 700 to 920 rubles for an action at the time of closing of biddings.

Such growth happened at the expense of large (for this bank) volumes of transactions. From January 30 to February 12 transactions with stocks of Avangard it was not carried out in general, on February 13 there passed transactions for 450,000 rubles, on February 14 — already almost for 2 million rubles. In the following jump on March 12 the volume of transactions was 5.5 million rubles, on March 13 — 1.2 million rubles. The normal day trading volume bank shares is less than 100,000 rubles.

In a case with such illiquid papers as bank shares Avangard, rather absolutely small volume that "disperse" its capitalization. As a result market capitalization of bank at the Moscow exchange at 3 p.m. on April 12 made 61.3 billion rubles — about 2.6 capitals. Any Russian bank can envy such indicator. For example, Sberbank bargains at the exchange slightly more, than for one capital.

At the same time in the bank recognize that, considering that less than 1% of bank shares and small volume of turnovers are in free circulation, "capitalization of bank at the exchange is not an indicator of capitalization of bank". By assessment Nigmatullina, proceeding from RAS of net profit of bank for 2018 (less than 1 billion rub) its market capitalization should make at most 10 billion rubles, most likely, it would take place if shares were traded at the large volume of free-float.

2004: Share placing at the exchange

In 2004, shares of Avangard began to be traded at the exchange.

1994: Kirill Minovalov creates bank

Kirill Minovalov created Avangard bank in 1994, having spent then, according to his stories, $400,000 from which borrowed $300,000.