LOCO-Bank

LOKO-Bank is one of those banks that are usually called "strong middle peasants." It was created in 1994 to serve the financial flows of its founders, after 1998 it was decided to transform it into a universal credit and financial institution. In 2003, the Bank began to create a network of branches, the number of which is currently 35, excluding the Head Office. In 2004, the Bank adopted its development strategy, which included lending to SMEs as a priority area of activity.

The bank's main business areas are lending to small and medium-sized businesses, as well as retail. The Bank has a developed network of branches, which includes more than 60 offices in 21 regions of Russia. The bank's clients are over 95 thousand individuals, as well as 23 thousand enterprises representing dozens of sectors of the Russian economy.

Information Technology at Loko-Bank

2020: Appointment of IT Unit Managers

Loko-Bank on November 19, 2020 informed TAdviser about new appointments in the leadership of the IT team.

In order to implement the strategy with a focus on digital development of the bank, changes were made in the composition of the IT management of Loko-Bank. Andrei Savoskin was appointed to the position of Chief information officer, who replaced Roman Yakovlev, who left his post in April 2020. Rinat Galiyanov was appointed Advisor to the Chairman of the Management Board of Loko-Bank. Read more here.

History

2024: Robbery of a branch in the center of Novosibirsk

The gunman stole ₽9,5 million from a Loko-Bank branch on Gogol Street in Novosibirsk. The robbery took place on December 12, 2024 at about 8:30 a.m., when employees were opening an office for the start of the working day.

According to Novosibirsk Online, an unknown person entered the building with the bank's employees, carrying an object similar to a weapon. The robber tied up three workers in the office, after which he forced the fourth employee to take him to the cash area, from where he stole money.

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CCTV camera recording frame

The prosecutor's office of the Novosibirsk region opened a criminal case under paragraph "b" of part 4 of article 162 of the Criminal Code of the Russian Federation (robbery). Investigation is put on control by prosecutor's office of the Central district of Novosibirsk.

Several patrol cars and dog handlers with dogs worked at the scene. Law enforcement agencies are studying recordings from CCTV cameras, which recorded the moment the suspect escaped from the bank building.

Loko Bank is a universal commercial bank founded in 1994 with its head office in Moscow. In the summer of 2023, the credit institution was included in the US sanctions list. The department under attack is located in a busy area of ​ ​ the city at 38 Gogol Street.

According to the publication, the Novosibirsk police are conducting a set of operational-search measures to establish the identity and arrest of the criminal. Investigators interview witnesses and eyewitnesses of the incident, study all possible routes of departure of the robber.

At the time of publication, representatives of the bank did not provide official comments on the robbery. The investigation continues, law enforcement agencies are taking all necessary measures to capture the attacker and return the stolen funds.^[1]

2023

US sanctions

On July 20, 2023, the US Treasury Department imposed new sanctions on Russian citizens and companies. In particular, Loko-Bank fell under restrictions.

Death of Vice President While Falling Out of Window

On the night of June 24, 2023, 28-year-old Christina Baykova, vice president of Loko-Bank, fell out of the window in Moscow. The girl died from her injuries. The case is being dealt with by the Investigative Committee. Read more here.

2020: Shareholders

As of November 2020, Loko-Bank's shareholders are:

• Boguslavsky Stanislav Iosifovich - 35.56%
• Davydik Vladimir Yulyanovich - 9.67%
• Danilov Viktor Vladimirovich - 9.95%
• Boguslavskaya Yana Stanislavovna - 8.67%
• Davydik Ilya Vladimirovich - 1.43%
• Mezhibovsky Artem Veniaminovich - 4.05
• "Ay. Dee. Seifgard Cyprus Limited (I.D. Safeguard Cyprus Limited) - 3.7% (beneficial owner - Alexander Alekseevich Mineev)
• Vios Holdings Limited - 14.78% (beneficial owner - Mikhail Daniilovich Rabinovich)
• Palamedos Corporation Limited - 4.79% (beneficial owner - Andrey Vladimirovich Severilov)
• Mavelin Holding Ltd - 2.45% (beneficial owner - Ischuk Oksana Valerievna)
• Palmeva Investments Ltd, 4.96% (beneficial owner - Denis Rusanov)

2015: Owners

For 2015, the owners of Loko-Bank were:

• East Capital Group - 11%
• Davydik Vladimir - 20%
• Boguslavsky Stanislav - 20%
• International Finance Corporation - 15%
• Rabinovich Mikhail - 13.3%

2014

As of January 1, 2014, the bank is one of the TOP-100 banks in Russia (70th place in terms of assets and 63rd in terms of net profit). According to the results of 2013, the bank's assets increased by 11%, amounting to 79.7 billion rubles. Net profit increased by 17% and reached 1.5 billion rubles, the Bank's capital amounted to 10.4 billion rubles, an increase of 24%.

In the spring of 2014, Fitch Ratings confirmed the long-term issuer default rating (IDR) and the stability rating of Loko-Bank at the level of "B +," the forecast is "Stable." Fitch's fixed capital ratio was 17.2% at the end of 2013. The regulatory indicator of total capital was 12.5% at the end of Q1 2014. Fitch estimates that the bank has the ability to increase regulatory provisions for loan impairment to 10.5% from the current 6.4%, which is generally an acceptable margin of safety to cover loan losses. Loko-Bank demonstrates the profitability and good quality of assets adequate for a universal commercial bank.

Loko-Bank in the Fitch Ratings rating:

• Long-term IDRs in foreign and national currencies confirmed at "B +," outlook "Stable"
• Short-term IDR confirmed at "B" level
• Stability rating confirmed at "b +" level
• Support rating confirmed at "5"
• Long-term IDR support level confirmed as "no support level"
• National long-term rating confirmed at "A- (rus)," outlook "Stable"
• Priority unsecured debt: rating confirmed at "B +," asset recovery rating "RR4"
• Priority unsecured debt: National long-term rating confirmed at "A- (rus)"
• Subordinated Debt: Rating confirmed at "B (exp) "/Asset Recoverability Rating" RR5 "and revoked
• Priority unsecured debt: rating confirmed at "B + (exp)," asset recovery rating "RR4"
• Priority unsecured debt: National long-term rating confirmed at "A- (exp) (rus)."

2009

2009: LOKO-Bank signs agreements with the German development bank KfW to raise a loan in the amount of 15 million US dollars and with the Russian Development Bank (OAO RosBR) to raise a loan in the amount of 476 million rubles. The funds received will be used to further develop the lending program for small and medium-sized businesses, as well as to increase the volume of lending to small enterprises in regional branches of LOKO-Bank. At the end of the year, the Bank ranks 10th in the ranking of RA Expert in terms of the portfolio of loans issued to small and medium-sized businesses.

The dynamics of LOKO-Bank's net profit in 2009 exceeded the previous one (2008) by more than one and a half times: 625 and 400 million rubles, respectively.

2008

2008: LOKO-Bank improves business processes and standards within the framework of its development strategy. Euromoney announces LOKO-Bank as the "Leading Bank of Central and Eastern Europe in the field of corporate governance in 2008."

2007

In 2007, LOKO-Bank began implementing To Moscow retail banking development programs. In the same year, LOKO-Bank successfully placed the debut issue of Eurobonds, thus gaining access to the international capital market. The volume of Eurobonds issue is 100 million. dollars UNITED STATES. At the end of the year, the Bank ranks 7th in terms of the loan portfolio in the ranking of RA Expert.

2006

In 2006, the Swedish investment group East Capital Group acquired 11.06% of the Bank's shares and became the second international shareholder of the Bank.

2005

In 2005, Fitch Ratings assigned the Bank a long-term credit rating of B-, and in the same year the Bank signed an agreement with the European Bank for Reconstruction and Development (EBRD) on the accession of LOKO-Bank to the Assistance Program (to trade TFP).