Photo: Yuri Belinsky/TASS

For the first time, a company from the non-financial sector will be involved in bank reorganization. The builder of energy facilities, Zarubezhenergoproekt, will take over Solidarity Bank, for the rehabilitation of which the DIA spent almost 20 billion rubles.

Unique rehabilitation

On Thursday, November 5, the Central Bank approved changes to the reorganization plan of the Samara bank Solidarnost (173rd place in terms of assets). The new plan provides for the merger of Solidarity with the Ivanovo Kranbank (346th place) and the transition to the control of the Zarubezhenergoproekt company, specializing in design in the field of construction of energy facilities.

The case with the reorganization of Solidarnost is unique; it is the first time that a bank has been transferred for reorganization to a company from the non-financial sector, says independent expert Pavel Samiev. “Although formally there is no prohibition on non-financial structures being involved in resolution, it has always been believed that banks and banking groups will be better able to cope with the task of resolution, since they know the market and can take on complex cases and deal with crisis management,” he explains .

This week it became known that a private person will be involved in the reorganization of Uralsib, this is also a unique case, but there will probably be more of them, says Samiev. “There is a feeling that the Central Bank has become disillusioned with bailouts through banks. Sanators often try to use reorganization to improve their own position, while using mechanisms that worsen the situation in the banks being rehabilitated, transferring their own problem assets to them, etc.,” he explains.

Ivanovo OJSC Zarubezhenergoproekt, according to the annual report, specializes in “creating design documentation and performing accompanying works and services for the construction of thermal power plants in Russia and abroad,” and has nothing to do with the banking sector. The company's assets at the end of 2014, according to reports, amounted to 4.4 billion rubles, which is two times less than the loan issued by the DIA for rehabilitation.

The main shareholder of Zarubezhenergoproekt with a share of 73.7%, according to SPARK, is the offshore Binum Securities Ltd, registered in the British Virgin Islands. As Kommersant wrote, this offshore is related to the former top managers of RAO UES of Russia, although formally it never belonged to them.

Kranbank, to which Solidarity will be merged, is a small Ivanovo bank, whose assets as of October 1 amounted to 5.8 billion rubles. - almost 4 times less than Solidarity. The largest shareholder of Kranbank with a share of 19.54% is former co-owner of Lenta August Meyer. In the first quarter of 2015, the bank changed owners - 24.4% was bought by the bank's management, including Chairman of the Board Vasily Belov (9.9%) and member of the Board of Directors Alexander Goncharov (9.8%). After the change of shareholders, the RAEX rating agency downgraded the bank's credit rating to B++ "acceptable level of creditworthiness", explaining this by doubts about the ability of the new owners to financially support the bank, deterioration in asset quality and a decrease in net interest income. The bank's loss for the nine months of 2015 amounted to 72.4 million rubles.

The DIA explains the choice of Zarubezhenergoproekt and Kranbank as sanatoriums by the fact that “it set out the most favorable conditions for financing measures to prevent bank bankruptcy.”

Three sanatoriums

For the rehabilitation of Solidarity, whose assets amount to 22.4 billion rubles, the DIA will allocate loans in the amount of 9.9 billion rubles. secured, the agency said in a statement. Loan for 8.8 billion rubles. allocated for 10 years to “cover the imbalance between the fair value of assets and the book value of the bank’s liabilities.” A loan for another 1.1 billion rubles. for a period of 6 years, Zarubezhenergoproekt will receive to maintain the bank’s liquidity.

Zarubezhenergoproekt will become the third sanatorium of Solidarity. At the end of November 2013, the bank introduced an emergency stabilization plan, which, in particular, provided for a limit on cash withdrawals by bank cards - no more than 20 thousand rubles. per month per client. The Bank of Russia, together with the DIA, developed a plan for participation in preventing bank bankruptcy; the Aliquit company, which owned a controlling stake in Probusinessbank, was chosen as the sanator. At the initial stage of financial recovery, 2.2 billion rubles were allocated to Aliquit for the rehabilitation of Solidarity, and another 6 billion rubles. was provided directly to the bank, the DIA said.

In August 2015, the Bank of Russia revoked the license of Probusinessbank, and the megasanator, Russian Capital Bank, was supposed to support the functioning of Solidarity. The money that was allocated to Aliquit for the reorganization of Solidarity was used “for its own purposes,” Mikhail Kuzovlev, chairman of the board of Russian Capital, told Kommersant. “When it became difficult for Probusinessbank, it began to close its holes, including at the expense of funds allocated for Solidarity,” Kuzovlev noted. After the license was revoked from Probusinessbank, the DIA provided Russian Capital with 3 billion rubles, which the megasanator placed in the bank to maintain its liquidity, the agency notes, adding that this loan will be returned within five calendar days after the provision of financial assistance as part of the reorganization “ Zarubezhenergoproekt".

Solidarity will be saved for the third time