As the owners of Binbank tried to save him

The events of recent months around the bank developed rapidly - checks of the Central Bank, a change of leadership, and the sale of assets. But emergency measures did not help: the Central Bank admitted that the owner of Binbank asked for reorganization.

Chairman of the Central Bank Elvira Nabiullina. Photo: kremlin.ru

Back in August, Mikhail Gutseriev hoped that he would be able to agree with Elvira Nabiullina. “We are talking with the Central Bank, we have constant meetings, are ready to comply with all the requirements of the regulator,” the Bell situation was described then by a source close to the owners of Binbank. The Central Bank wants to provide a capitalization, but it is impossible to endlessly invest money in the bank, the shareholders are ready that he will repeat the path of “discovery” - this is how he commented on what was happening the other day. Today, both the bank and the Central Bank confirmed that they are negotiating the reorganization.

“I did not calculate the business lines, the Problem“ Growth Bank ”taken for reorganization, and the Bank MDM turned out to be much more serious,” said the bank's co-owner and in the recent past, his leader Mikail Shishkhanov, also citing the falling market and the current economic conjuncture.

We tell how the events around Binbank developed in recent months have developed

• In May, Mikhail Gutseriev met with the first deputy chairman of the Central Bank Dmitry Tulin, at the meeting the problems of Binbank were discussed. After that, Gutseriev took up the bank - he removed his nephew Shishkhanov from the management, filed a petition to the FAS to buy a bank's control package (Gutseriev owned only 28.5% of the bank, the rest was recorded on Shishkhanov, which was engaged in operational management of financial assets) and began to hold constant meetings with the bank management.
• By the end of the year, shareholders were going to receive a capital Binbank for 15 billion rubles. Immediately after the sale of a share in M. Video at the end of July, for which Gutseriev helped out 17 billion rubles, our interlocutors said that if the bank’s pre-capitalization occurs before the end of the year, then a share in retailer was sold due to the requirements of the Central Bank. The share in M.Video was bought by the pension funds of the Safmar group and the NPF "Future" at the expense of pension savings. Thus, the bank could receive the bank at the expense of the money of future pensioners.
• At the end of July, an unscheduled check of the Central Bank in Binbank ended, its results were not reported. But it was after her that Gutseriev returned to the bank management, removed Shishkhanov, demanded that management collect debts as quickly as possible and sell non -core assets. They say that very convincing, with stories from personal life. “For him, a matter of honor to pay debt, and take what belongs to him,” one of their participants describes these conversations.
• Management was actively trying to sell everything that you can sell. For example, in early September, the head of the “mortgage housing lending agency”, Alexander Plutnik, said that AIZHK is negotiating the purchase of a mortgage portfolio of Binbank for 10 billion rubles. This is almost the entire mortgage of Binbank: its mortgage portfolio as of June 30, 2017, according to IFRS, is 10.9 billion rubles.
• At the end of August, Reuters reported that Safmar was selling real estate assets at $ 400 million “to support Binbank”. It was about 900 objects, including the only building in Moscow, Zahi Hadid Dominion Tower. Presentations for investors were held by Mikhail Gutseriev’s brother Sait-Salam.
• In Binbank, almost half of the balance is compiled by deposits of the population - 534 billion rubles (at the end of August). He is the sixth in this indicator in Russia (according to Banki.ru), in front of him-Gazprombank, Alfa-Bank, RSHB, VTB and Sberbank. The “discovery” has much fewer deposits - 388 billion rubles.
• About the same amount - 591 billion rubles - was issued by the Binbank as a loan, the “growth of the bank” (as of June 30, 2017). And this is again a little more than half of all the assets of the bank. This circumstance was very concerned about the auditor of Binbank Ernst & Young, who drew attention to this in the audit report to the bank report for 2016. Strengthen Bank will begin to extinguish these loans only in 2020.
• In June, the S&P agency in the rating report on Binbank wrote that he had two main risks - a “growth bank” loan and high -risk loans for construction and real estate, which accounted for 18.4% of the portfolio. And although the Bank growth balance is separated from the balance of Binbank, and Mikail Shishkhanov is engaged in its rehabilitation, and the auditors and analysts call the loan given to him one of the key risks of Binbank.
• In this regard, it is interesting to see what the “Bank growth” is inside, the loss of which for the first half of the year amounted to 4.3 billion rubles. From his reporting, one can find out that this bank owns, for example, Uralneftegazprom companies (oil and gas production and processing), 56% of which the bank bought in December 2016, a control share in the ZPIF Finams - Capital investments (170 thousand ha of the land in the Krasnodar Territory and other regions), Elite Estit, which builds a residential complex in Krasnogorsky the district and which the bank bought in February 2017, and so on. In general, the various assets of the Gutseriev-Shishkhanov family were on the balance of Bank Growth.
• Management in Binbank received significantly less than FC Opening management. As follows from the reporting, for the first half of 2017, the highest leadership of the group received 197 million rubles, but the management of the “discovery” for the same period - 1.2 billion rubles, and issues have already had questions about such remuneration.

Elena Tofanyuk ( Fun & Profit ), Irina Malkova