Wildberry Bank formerly Standard-Credit Bank

Performance indicators

2022: Losses of 8.9 million rubles

Net losses of Wildberry Bank in 2022 amounted to 8.9 million rubles, having decreased relative to cash losses a year ago at 31 million rubles. Such data are contained in the reports of the credit institution, which was published in early May 2023.

According to Kommersant, citing materials from Wildberry Bank, in 2022, the organization's operating expenses increased 1.4 times and reached 136.5 million rubles. The publication notes that marketplaces do not see problems in such results of their banks and associate them with the fact that credit institutions are at the stage of active development and require investment.

Wildberries bank ended the year with losses

According to experts interviewed by the newspaper, banks in the ecosystem of Marketplaces services are not key in profitability. They act as a tool that should make the main services of the ecosystem more profitable and attractive, said Yegor Krivoshey, head of the blockchain and fintech laboratory at the Skolkovo School of Management.

The general director of Infoline Analytics Mikhail Burmistrov explained the loss-making of banks in Russian marketplaces by the fact that they have not yet left the investment stage. In his opinion, in 2023 they will also not leave it.

At the same time, Yegor Krivoshey is confident that the business of financial areas in non-financial companies will only grow. Fintech services are represented not only by marketplaces, but also by telecom operators, retailers, he notes. Non-financial areas are created for the development of the main business. This could increase competition between such banks and classical financial institutions. And, in turn, lead to intervention by the regulator in the event of an active growth in the volume of non-financial companies.^[1]

2021

According to the results of the 2nd quarter of 2021, Standard-Credit Bank ranks 323rd in terms of assets (742.43 million rubles) in the Interfax-100 ranking. The equity capital of the credit institution is 337.99 million rubles, net loss - 9.81 million rubles.

2020

By the end of 2020, Standard-Credit Bank took 348th place in terms of assets (706.86 million rubles) in the Interfax-100 rating. The equity capital of the credit institution at the end of 2020 reached 302.09 million rubles, net loss - 21.79 million rubles.

History

2021

Renaming to Wildberry Bank

In August 2021, Standard-Credit Bank changed its name to Wildberry Bank LLC.

Tatyana Bakalchuk - the new owner of Standard-Credit Bank

Логотип банка на момент смены владельца

On February 12, 2021, it became known about the change of owners of Standard Credit Bank. 100% share in it passed to the general director of Wildberries Tatyana Bakalchuk.

The fact that Standard-Credit belongs entirely to the entrepreneur, Interfax reported with reference to the data of the SPARK-Interfax system. There, the change of ownership was reflected on February 11, 2021. Previously, the owners of the credit institution were Alexander Sinelnikov (31.9%) and Alexander Badimov (27%), the agency notes.

The head of Wildberries Tatyana Bakalchuk became the owner of Standard-Credit Bank

The ownership structure also indicated the 4A-LAB LLC owned by Alexander Sinelnikov, which had 16% of the credit institution, and LISKA LLC with the same share - Badimov controls this company. The remaining shares of 6.9% and 2% belonged to Nikolai Repin and Vladimir Baranov.

According TASS to Wildberries, the retailer bought Standard Credit Bank to further develop existing services for buyers and entrepreneurs, as well as to launch new services.

The integration of the financial organization will help us further develop the existing payment service, as well as generally improve the quality of service for buyers and sellers, in particular, improve the speed and convenience of settlements with the site for them, the company said without specifying the value of the transaction.

Interviewed by Kommersant, experts assessed the deal as a logical development for the Russian online retailer: large groups of companies often create or acquire banks in order to pay off suppliers with their help. This allows you to keep under control all operations and achieve financial independence.^[2]

Notes