Tatfondbank

History

2021: Ex-head of Tatfondbank Robert Mussin sentenced to 12 years in prison for abuse of authority

On September 28, 2021, the Vakhitovsky District Court of Kazan sentenced Robert Mussin to 12 years in a general regime colony. The former head of Tatfondbank was found guilty under Art. 201 of the Criminal Code of the Russian Federation (abuse of authority). Read more here.

2020: Investigative Committee opened a new case due to the loss of 41.2 billion rubles by Tatfondbank

On May 21, 2020, the Investigative Committee (IC) of Russia announced the initiation of a criminal case against the former leaders of Tatfondbank after the statement of the Deposit Insurance Agency (DIA). According to investigators, in 2015-2016. the then top managers of the credit institution caused her damage in the amount of more than 41.2 billion rubles.

The bank's assets were formed by technical loan debt, market assets were replaced by technical debt, shares of technical issuers were purchased, proper security for the technical debt of borrowers was removed , the UK said in a statement.

A case of embezzlement of 41 billion rubles was opened against the leadership of the bankrupt Tatfondbank

The case was opened under the articles "Waste" (part 4 of article 160 of the Criminal Code of the Russian Federation), "Falsification of financial documents" (part 2 of article 172.1 of the Criminal Code of the Russian Federation), "Intentional bankruptcy" (article 196 of the Criminal Code of the Russian Federation) and "Abuse of authority" (part 2 of article 201 of the Criminal Code of the Russian Federation).

The TFR recalled that another criminal case related to Tatfondbank is in court by May 21, 2020. The former board of directors of the bank and the ex-deputy of the State Council of Tatarstan are being tried on charges of abuse of authority, which resulted in more than 53 billion rubles of damage to the bank.

In addition, according to the RF IC, at the final stage there is an investigation into the case against five ex-employees of the investment company TFB Finance, who stole money from 1,739 citizens in the amount of more than 2.3 billion rubles and turned them into Tatfondbank and controlled legal entities. The accused get acquainted with the materials of the criminal case, its volume is 534 volumes.

In mid-May, the DIA announced the sending of an additional 1.55 billion rubles from the sale of the bank's property, as well as those collected from the bank's debtors, to settlements with Tatfondbank creditors. The DIA explained that after the allocation of additional funds, the share of satisfaction of the requirements of the creditors of the first stage of Tatfondbank will increase from 40.27% to 42.46%.^[1]

2017

Tatfondbank declared bankrupt

The Arbitration Court of Tatarstan satisfied the claim of the Central Bank to declare Tatfondbank bankrupt. "To declare Tatfondbank bankrupt and open bankruptcy proceedings against him for a period of one year," TASS quoted the judge as saying in April 2017 .

The creditor in the case was the Central Bank of the Russian Federation. The lawsuit was registered on March 16, 2016. The day before, on April 10, the court declared another Tatarstan bank, Anchor Bank, bankrupt at the suit of the Bank of Russia.

Earlier it was reported that the Bank of Russia revoked banking licenses from Kazan Tatfondbank, Intekhbank and Anchor Bank from March 3, 2017. According to the reporting data, as of February 1, 2017, Tatfondbank occupied 42nd place in the banking system of the Russian Federation in terms of assets, Intekhbank - 138th place, Anchor Bank - 231st.

All three banks are participants in the deposit insurance system. On April 5, the regulator revoked the license from another local credit institution - Tatagroprombank (400th largest assets in the country as of March 1, 2017).

Tatfondbank stripped of its licence

By order of the Bank of Russia in March 2017, the license for banking operations was revoked from the credit institution Public Joint Stock Company Tatfondbank PJSC Tatfondbank (reg. No. 3058, Kazan) with 03.03.2017.

In terms of assets, PJSC Tatfondbank in 01.02.2017 ranked 42nd in the banking system of the Russian Federation. By order of the Bank of Russia in March 2017, the license for banking operations was revoked from the credit institution Public Joint Stock Company Tatfondbank PJSC Tatfondbank (reg. No. 3058, Kazan) with 03.03.2017.

In case of unsatisfactory quality of assets, PJSC Tatfondbank inadequately assessed the accepted risks. A proper assessment of credit risk and an objective reflection of the value of assets in the statements of the credit institution led to the complete loss of its own funds (capital). The management and owners of the bank did not take effective measures to normalize its activities.

Due to the poor quality of assets, the implementation of the financial recovery procedure of PJSC Tatfondbank with the involvement of the state corporation DIA and its creditors on reasonable economic terms was not possible. In the current circumstances, the Bank of Russia, on the basis of Article 20 of the Federal Law "On Banks and Banking Activities," has fulfilled the obligation to revoke a banking license from a credit institution, the regulator reports.

In accordance with the order of the Bank of Russia, Tatfondbank PJSC appointed a temporary administration until the appointment of a bankruptcy trustee in accordance with the Federal Law "On Insolvency (Bankruptcy)" or appointment of a liquidator in accordance with Article 23.1 of the Federal Law "On Banks and Banking Activities." The powers of the executive bodies of the credit institution in accordance with federal laws have been suspended.

The revocation of the banking license, carried out before the expiration of the moratorium on satisfying creditors' claims, does not cancel the legal consequences of its introduction, including the obligation of the state corporation "Deposit Insurance Agency" to pay insurance compensation for deposits.

2016: Central Bank introduced a temporary administration in Tatfondbank

In December 2016, the Bank of Russia introduced a moratorium on satisfying the claims of Tatfondbank creditors for a period of three months and appointed a temporary administration for a period of six months from December 15. This was reported on the regulator's website.

The Central Bank added that the moratorium is an insured event, so payments to depositors of the bank will begin no later than 14 days from the date of its introduction. At the same time, the interim administration was appointed due to the unstable financial situation of Tatfondbank and the presence of a threat to the interests of its creditors and depositors.

period of the interim administration, the powers of shareholders related to participation in the authorized capital, as well as the powers of the management bodies of PJSC Tatfondbank, have been suspended," the regulator said in a statement.

In addition, Kommersant, citing its sources, said that this decision of the regulator leaves a chance for the reorganization of the bank, since the DIA, as a rule, is attracted to assess the feasibility of rescue. Since December 14, the bank has suspended settlement and cash services to customers in order to restore the bank's liquidity. Earlier, the bank limited the issuance of deposits to individuals. In ATMs, the limit on cash withdrawals was 15 thousand rubles, when withdrawing more than 50 thousand rubles at the branch, the funds had to be ordered zaraneye.​

On the eve of Tatfondbank's long-term rating on deposits in national and foreign currencies was lowered by the rating agency Moody's. He dropped to Saa1 with V3. According to the agency, over the past three weeks, the bank has lost 10% of its deposits. Credit ratings of the bank were also downgraded by S&P Global ^[2].

2015

National Rating Agency confirms Tatfondbank's credit rating

The National Rating Agency confirmed in March 2015 the rating of JSC "AIKB Tatfondbank" at the level of "AA-" (very high creditworthiness) on the national scale. The confirmation of the current level of rating assessment is due to the stable positions of the bank in the Republic of Tatarstan, as well as the expansion of the resource base by attracting new customers in other regions of operation, which led to an increase in the volume of assets and diversification of the resource base.

The agency notes that the bank demonstrates the ability to quickly respond to changing macro indicators, maintaining a balanced structure of assets and liabilities in terms of terms, a high level of solvency, as well as high quality of assets.

According to the agency, the bank has a modern organizational structure, as well as a high quality of the risk management system and corporate governance, which make it possible to minimize the risks of business processes and respond in a timely manner to changes in external macroeconomic factors.

The bank's liabilities are stable and well diversified. The basis of liabilities is the funds of individuals, assets - a loan portfolio.

Assets 166.7 billion rubles

As of March 1, 2015, the bank's assets amount to 166.7 billion rubles, equity - 20 billion rubles. License of the Central Bank of the Russian Federation No. 3058 dated 15.10.2012.

Tatfondbank confirmed the compliance of its cards with the international security standard

Tatfondbank has passed the annual certification according to the PCI DSS standard - a standard in the field of security of processing, storage and transmission of data about payment card holders. The PCI DSS payment card industry data security standard regulates the requirements of international payment systems, including Visa and MasterCard, for card information security. The PCI DSS certificate is a confirmation of the bank's reliability, as well as special attention on the part of the bank to the safety of customer funds.

2014: Inclusion in the list of banks in which the opening of accounts of military-industrial complex enterprises is allowed

In November 2014, the Bank of Russia published a list of credit institutions in which they can open accounts, letters of credit and company deposits of strategic importance for the military-industrial complex and security of the Russian Federation. Tatfondbank was included in the list of 136 credit institutions that meet the requirements of Article 1 of Federal Law No. 213-FZ, which entered into force on July 21, 2014. In accordance with this document, credit institutions that meet a number of established requirements, including the amount of their own funds (capital), can serve strategic companies. As of October 1, 2014, assets amounted to 152 billion rubles, equity - 18.4 billion rubles.

2011:90 divisions in the bank structure and 18 thousand corporate clients

As of March 1, 2011, the bank serves more than 18.4 thousand corporate clients, among which leading enterprises and organizations of the republic occupy a prominent place.

As of March 1, 2011, more than 340 thousand plastic cards of the bank are in circulation. Tatfondbank has the status of Principal participant of two international payment systems at once - VISA and MasterCard. The service network, with which you can withdraw cash without commission, has more than 1,000 ATMs.

The Bank pursues a flexible policy in the field of raising household funds in deposits, the amount of deposits of individuals as of March 1, 2011 exceeded 22 billion rubles.

Certificate of compliance with the PCI DSS standard, which confirms a high level of information security when processing, transmitting and storing information about the owners of plastic cards.

The key co-owner of the bank is the Government of the Republic of Tatarstan. Tatfondbank is engaged in the development of retail business: it updates and constantly expands the line of credit products, pursues a flexible policy in the field of raising public funds in deposits, provides services for money transfers and receiving payments.

The bank's structure includes 90 divisions, including branches in Moscow, St. Petersburg, Novosibirsk, Surgut, Cheboksary, Perm.

JSC AIKB Tatfondbank is a member of:

• Banking Association of Tatarstan;
• Associations of Russian Banks with 20.06.2006 No. 1539;
• Moscow Interbank Currency Exchange;
• Chamber of Commerce and Industry of RT;
• SWIFT International Interbank Financial Telecommunications System;
• Russian National SWIFT Association;
• Self-regulatory organization "National Stock Association";
• ABISS [Association for Banking Information Security Standards]

The Bank is also:

• principal participant of the international payment system "VISA";
• principal participant of the international payment system "MasterCard Worldwide";
• member of the deposit insurance system.

Notes