West Siberian Commercial Bank Zapsibcombank

PJSC Zapsibcombank, one of the banks of the Tyumen region, founded in 1990, is a universal commercial bank that carries out a full range of banking operations for both legal entities and individuals. The head office of the bank is located in Tyumen.  Currently, the bank serves more than 25,000 corporate clients and more than 580,000 individuals. Among the corporate clients are the largest industry enterprises, representatives of small and medium-sized businesses. Today, the bank is present in 15 constituent entities of the Russian Federation in 48 cities and settlements, is represented in almost all economically significant regions of the country: Moscow, St. Petersburg, Yekaterinburg, Chelyabinsk, Nizhny Novgorod, Novosibirsk, Omsk, Samara, Volgograd, Ufa, Kazan, Kemerovo and has 88 points of sale.

History

2022: Merger with BM Bank

On January 10, 2022, VTB announced the successful completion of legal procedures for the accession of Zapsibcombank to BM Bank. Integration lasted about four years.

During this time, according to the VTB press service, the office network and the product line of Zapsibcombank and BM Bank were combined, modern service standards and technological digital services were offered to customers. Zapsibcombank customers will be able to use the services of BM Bank, product reissue will not be required.

VTB joins Zapsibcombank with BM Bank

Old details of Zapsibcombank accounts will be valid for three months. Customers of this credit institution need to switch to the use of new details and inform counterparties about it within the specified period.

According to Anatoly Pechatnikov, Deputy President-Chairman of the Board of VTB, as part of the new strategy, VTB is creating a "universal bank with wide financial competencies."

Zapsibcombank is a recognized leader in the banking industry of Siberia and the Urals, so it was necessary to approach the integration of its business very carefully. We managed to unify all services and products, combine office and ATM networks, and most importantly, teams and customers of two large banks, "he explained.

VTB President and Chairman of the Board Andrei Kostin in an interview with Interfax said that the purchase of Zapsibcombank amounted to 10-12 billion rubles.^[1][2]

2021

Separation, transfer of employees

In December 2021, the publication Ura.ru, citing its informed informant, wrote that by the end of 2021 all employees of Zapsibcombank "(ZSKB) will either be dismissed or transferred to other VTB divisions. The brand itself will be liquidated. Work with problematic assets will be transferred to collection agencies, the publication said then.

VTB became the owner of 100% of Zapsibcombank

At the end of July 2021, it became known that VTB consolidated 100% of Zapsibcombank. Prior to this, VTB had 88.88% of the Ural credit institution, and 11.12% of the shares were owned by Zapsibcombank subsidiaries and affiliates.

According to Interfax, citing the VTB press service, the state bank plans to join its subsidiaries Vozrozhdenie, Zapsibcombank and Sarovbusinessbank to the rehabilitated BM bank after transferring their customers to the VTB platform. Subsequently, the combined BM Bank will be attached to VTB.

How much VTB cost the purchase of Zapsibcombank is not reported. Earlier, a representative of VTB in a conversation with Vedomosti said that the transaction is "monetary" and "beneficial to both parties."

Negotiations on its purchase lasted several years. The state bank began them in the spring of 2016, a person close to VTB Group and a financier engaged in mergers and acquisitions (M&A) transactions told Vedomosti. The parties could not agree on the price for a long time. DIA previously tendered M2M's stake in Zapsibcombank, but the bidding did not take place: there were no applications. 

According to Standard & Poor's analyst Roman Rybalkin, Zapsibcombank shareholders did not intend to cheaply sell the asset and VTB negotiated with them for a long time. The expert points out that this transaction stands out against the background of the purchase of Renaissance: that transaction was forced, the sale was at a large discount.

As Zapsibcombank specified, nothing will change fundamentally for customers after the transaction: customers can pay for loans in all ways available to them earlier, including through Zapsibcombank's remote service channels: Internet bank and its mobile application. Also, the VTB Bank ATM network is available to customers for these operations, which is more than 15 thousand ATMs throughout the country. In the future, it is planned to organize "remote jobs" in the offices of VTB Bank.

According to the results of the first quarter of 2021, Zapsibcombank took 81st place in terms of assets among Russian banks in the Interfax-100 ranking. VTB was on the second line of this list.^[3]

2019: Cashier stole millions of rubles

At the end of July 2019, a resident of Nefteyugansk, who worked in Zapsibcombank, stole 10 million rubles from the cash desk of a credit institution and disappeared, URA.RU reports citing a source in the city administration.

According to him, the woman was detained, but she did not have most of the stolen money.

It turned out that an employee of the bank lost this money in an online casino.

Her plan was to make a big bet, win, and in the morning return the stolen, left with a profit. But something went wrong, "the agency's interlocutor said with irony.

The regional department of the Ministry of Internal Affairs confirmed the theft to the agency, but specified that the amount stolen is much less - 5 million rubles.

2018: VTB acquires Zapsibcombank

In October 2018, VTB reached an agreement with Zapsibcombank shareholders to acquire more than 70% of the shares of one of the leading banks of the Ural Federal District. The relevant memorandum was signed by the parties. Under the terms of the agreement, VTB buys a controlling stake in Zapsibcombank. The final amount of the acquired share will be determined after a mandatory offer to minority shareholders on the repurchase of shares. The closing of the transaction is planned before the end of this year after receiving all the necessary regulatory approvals and corporate decisions of VTB Group.

The parties intend to preserve the key products and services used by Zapsibcombank customers - both physical and legal entities. The development of the product range and the improvement of its competitive advantages will be continued based on all technological, product and financial capabilities of VTB Group. The bank's team, which has extensive experience in the Tyumen region and other regions of its presence, will be preserved and strengthened by VTB Bank managers.

After the transaction closes, steps will be determined for the further integration of banks, which is planned to be completed in 2020, when Zapsibcombank will become VTB. Its development strategy will involve further strengthening the position of the combined bank in the Ural market.

2014

The amount of regulatory capital of the organization increased by 13.5% and amounted to 12 billion rubles. Net profit is 1.6 billion rubles (growth compared to 2013 - 21.2%). The amount of dividends transferred to shareholders amounted to 149.8 million rubles.

The bank's net assets as of January 1, 2015 amounted to RUB 101 billion. According to this indicator, Zapsibcombank OJSC ranks 72 among the largest banks in the country.

The provision for possible losses on loans, loan and equivalent debt, as well as accrued interest income, was created in the amount of 5.9 billion rubles, which is 0.5% more than the data at the beginning of the year.

The size of the loan portfolio of legal entities and individuals increased by 2.9 billion rubles and amounted to 71.6 billion rubles.

2012

Financial indicators of Zapsibcombank as of May 1, 2012

Zapsibcombank summed up its financial results for the four months of 2012. According to data as of 1.05.2012 assets on the balance sheet amounted to 102 billion rubles, which is 22% more than on May 1, 2011. The Bank's own funds (capital) show positive dynamics - over the past 12 months they increased by 11.5%, and as of the reporting date amounted to 7.9 billion rubles. Operating assets grew by 11 billion rubles, amounting to 65.2 billion rubles. Net profit for four months of work in 2012 amounted to 241.8 million rubles, which is 15% more than the same indicator in 2011.

For 12 months the raised funds of clients increased by 22% to RUB 59.1 bln as of 1.05.2012. The amount of funds of individuals amounted to 29.9 billion rubles. The size of Zapsibcombank's loan portfolio as of the reporting date was recorded at 52.2 billion rubles, which is 24.3% more than the same indicator as of 1.05.2011.

The authorized capital of Zapsibcombank remained at the same level - 1,122 million rubles.