Will Russian Standard Bank be closed? Which banks will close soon
The portfolio of Russian Standard Bank, which issues unsecured retail loans, grew this October for the first time in several years, Vedomosti writes, citing a UBS report. Although the bank is doing much better, its sister company Russian Standart Ltd did not pay the $35 million coupon on the bonds. These securities are pledged to 49% of the shares of Russian Standard Bank, and in case of default they can be left to investors.
Konstantin Zusmanovich, CEO of Financial Mechanics:
Judging by the financial statements of the bank (the link to “information for investors” on the bank’s website did not work at 12:50 Moscow time; the analysis used data from the site kuap.ru, which provides the most complete information and analytics on bank statements), any noticeable growth is not planned for "": according to the results of the third quarter of 2017, there was, albeit a small, but still a drop in both assets as such (by 10.5%), and their income part, which also decreased by 15% since the beginning of the year.
This reduction is even more noticeable when compared with the indicators at the end of 2015 - since then, assets have decreased by 29%, and their income - by 39.7%. At the same time, the bank also demonstrated a drop in borrowed sources of financing by 13.4% since the beginning of the year and a slight increase in its own sources (capital) - primarily due to the profit still received. Which, however, based on the results of three quarters, is still not up to the size of last year’s losses: 5.54 billion rubles against 8 billion losses for 2016. Compared to the profit at the end of 2016 – 16.5 billion – the figures are also very modest.
The main source of profit for such a bank is net interest income (the difference between interest income and interest expenses), which for Russian Standard is quite high due to the chosen model - rather high-risk and, as a result, high-margin lending. Also, reserves for possible losses have a great impact on profits (they are large, more than 6 billion were accrued in just three quarters of 2017, which is also typical for a high-risk lending model) and personnel costs. The latter are of serious concern, since, with a reduced amount of income-generating assets, they tend to grow from the beginning of the year (characteristic, however, for 2016) and, if the dynamics continue, they may exceed last year’s figure of 7.85 billion.
As can be seen from the above figures, the bank is not in the best situation in its history. Regarding the bank’s plans to increase its loan portfolio and earn profits, I fully agree with the expert opinion cited in the Vedomosti article that it will not be easy to win a significant share in the highly competitive unsecured and high-risk lending market. Moreover, in most cases, attracting customers in this market is possible: 1) radically new products / technologies; 2) what is much simpler and at the same time more dangerous - lowering rates, entailing a decrease in the margins of the main business; 3) moving into an even more risky segment, which is closer in nature to microfinance, promising increased margins, but fraught (over time) with a delayed negative effect - an increase in the accrual of reserves for possible losses, which, again, will reduce profits. True, already in future periods.
An alternative tool for increasing profitability for a bank could be a reduction in the cost of sources of asset financing, but this means a reduction in rates on deposits - primarily for individuals, who account for approximately 3/4 of paid borrowing sources, and Russian Standard does not have an increased rate compared to other market players have a reputation as a highly reliable bank, that is, a noticeable decrease in the deposit rate will most likely lead to a decrease in the volume of deposits, which will have to be compensated from other sources, with a certain probability – more expensive ones. That is, this approach also has its drawbacks. In general, in my opinion, the situation at Russian Standard is complex, but far from hopeless: on the part of the owner open information observer, he is in a difficult, but not yet “deadly” situation, which theoretically can be improved by decisive and non-standard actions of management.
Rumors that Russian Standard Bank is closing are not unfounded - many branches have already disappeared from the streets of large cities, and employees are talking about the beginning of staff reductions. True, it is still premature to panic - for example, one of the RBC articles talked about the closure of 20 branches and the reduction of 6% of the staff, when the bank has 320 branches in total. At the same time, the bank’s performance has deteriorated considerably in recent years and this cannot be denied.
Thus, according to the Standard & Poor’s rating agency, the bank has not emerged from the negative B Nagative position. The bank's profit in recent years has decreased since 2008 from 8 billion rubles a year to 1.4 billion. IN best years Russian Standard received more than 14 billion rubles a year. Moreover, most likely, due to the financial crisis, the downward trend in profits will continue. This is due not only to the general crisis of the banking system, but also to a decrease in purchasing power and rising prices.
Of course, the bank's management is very smartly trying to maintain its positions and restore reserves. Thus, in 2014, the bank sold more than 20 billion rubles of overdue debt to collectors from SEQUOIA CREDIT CONSOLIDATION and the Swiss company DDM.
It is obvious that in 2015 the bank will continue to sell overdue loans to collectors and will try to reduce losses. It is also worth noting that the consumer lending sector has a greater chance of survival than mortgages, since it involves higher interest rates and short time payments. In the last months of December and the first months of 2015, due to the jump in the dollar and consumer hysteria, the bank earned quite well. But we must also recognize the other side - the number of deposits in such periods invariably decreases. And this despite the fact that Russian Standard offers deposits in dollars and euros at high interest rates - up to 17% per annum. Considering the upward trend in the dollar exchange rate, many people probably invested their savings at such interest rates.
Will Russian Standard Bank close soon?
Of course, it is extremely difficult to predict whether Russian Standard Bank will close in the near future. Judging by the financial statements posted on the official website, the bank is quite stable, although in 2014 there was an increase in market and other risks. There are no prerequisites for the bank's bankruptcy yet. The level of income consistently exceeds the level of expenses; thanks to the tightening of rules for issuing loans, it was possible to increase the quality of the loan portfolio. The net asset indicator increased by 3.75% compared to last year, Russian Standard ranks 19th out of 820 Russian banks.
Therefore, of course, it is premature to say that Russian Standard Bank is closing, although it is obvious that in the coming years it will reduce the number of branches and try to minimize costs as much as possible. Also, the group of this bank includes other financial institutions, including insurance ones, which are also profitable. Russian Standard has been quite good at conquering the Internet banking niche in recent years, introducing new technologies and standards. So it's not all bad, although I wouldn't say it's good. Today, depositors should only fear a total collapse of the ruble, which could collapse the entire banking system. But this, in principle, is unlikely.
Finance, 05 Sep, 05:26
Rostelecom will offer Russians to pay for purchases with their face ... in one of the retail chains. Rostelecom together with the bank Russian standard"In October of this year they will present technology for paying for goods and... a coffee machine. As Vedomosti notes, at the St. Petersburg International Economic Forum (SPIEF) “ Russian standard"demonstrated the possibility of paying for coffee in a coffee machine using a QR code... Credit card holders are more likely to buy food on credit ... they have become more active in purchasing products in installments, according to the bank’s estimates “ Russian standard" The only product that is purchased more often than groceries in installments is household appliances... . Such data are provided in a bank study prepared at the request of RBC “ Russian standard", which is among the top 5 credit institutions in terms of the volume of issued... installment loans are relatively new for bank cards " Russian standard", so their holders are simply testing functionality in those categories where... The court fined Russian Standard Bank ₽26.2 million for bribing a bailiff Bank « Russian standard"By order of the prosecutor of the Central district of Sochi, he was fined 26.2 ... appealed to the prosecutor's office with a statement, according to which one of the employees " Russian standard"offered the bailiff a reward of 5% of the seized funds if... Moody ""s withdrew ratings from Russian Standard Bank ... the bank's long-term deposit ratings had a stable outlook. In the press service " Russian standard» RBC reported that the bank decided back in December 2015... the agency was notified of this. "Moody's has since rated the bank " Russian standard» free of charge on your own initiative, without receiving from a data bank, based... with one international agency - S&P Global Rating. Now at " Russian standard» S&P Global Rating B-/B with a stable outlook. The leader in the vodka market has changed at the end of the year At the end of the year, Rustam Tariko's Roust holding turned out to be the largest vodka producer in Russia, overtaking Beluga Group and Tatspirtprom. This result was ensured by record sales of cheap vodka, which accounts for 50% of the market. At the end of 2018, alcohol factories included in Rustam Tariko’s Roust holding produced a total of 10.29 million dal of vodka, it follows from... The media learned about the negotiations of the Rothschild firm on behalf of Tariko with creditors ... « Russian standard"Bloomberg reported, citing two sources familiar with the situation. According to the agency’s interlocutors, the Rothschild company “acts on behalf of [the beneficiary “ Russian standard... investors would prefer to reach an agreement with the Eurobond issuer. The conflict between " Russian standard” and bondholders last almost a year. Tariko's representative refused...Finance, 13 Sep 2018, 18:31
Owners of Russian Standard bonds complained to the Central Bank about Tariko’s deal ..., according to creditors, RSL and the bank’s shareholders “ Russian standard" (OOO " Russian standard-invest" and CJSC "Company" Russian standard") do not respect their rights to vote on pledged... the regulator "does not comment on operating banks." Answer " Russian standard"A copy of the letter was sent by mail to the bank" Russian standard", confirmed the press service of the holding of the same name, adding...Finance, 07 Mar 2018, 13:57
Owners of Russian Standard default bonds presented an ultimatum to Tariko ... jar " Russian standardRussian standardRussian standardFinance, 06 Mar 2018, 23:49
Tariko company discussed bond default with investors ... jar " Russian standard" The restructuring scheme involved the exchange of bank securities for bonds issued by RSL. Formally, the bank and its direct shareholder are CJSC “Company” Russian standard"(KRS) - not related to RSL. According to the bank's statements " Russian standard» according to IFRS, RSL is controlled by Roust Holding...Finance, 21 Feb 2018, 13:42
Owners of 27% of Russian Standard bonds refused negotiations with Tariko ... pool of paper holders " Russian standard"(available to RBC). The collateral for Russian Standard Ltd securities is 49% of the bank's shares " Russian standard». Russian non-standard: how a default on bonds threatens the business of Rustam Tariko Details of the proposal Company of the main beneficiary " Russian standard"Rustama Tariko suggested...Business, 21 Feb 2018, 08:51
The media learned about two options for repurchasing defaulted Eurobonds of the Tariko company ... - 20% of the par value plus a conditional right to the value of the bank's shares " Russian standard", which served as collateral for the issue. In the second option, payments will be..., including through shares " Russian standard" Eurobonds, the collateral for which are shares " Russian standard", were issued by a Bermuda-registered specialized...Finance, 08 Feb 2018, 17:07
Tariko's creditors united to recover 49% of Russian Standard Bank ... the paper is completely illiquid.” Roust Holding and Bank " Russian standard"Refused to comment. Rust Holding and Bank Russian standard» belong Russian businessman Rustam Tariko (168 ... 85.47% of voting shares of CJSC "Company" Russian standard"(14.05% of the shares of this company belong to the bank " Russian standard"). Is it possible to recover the deposit “And the issue itself... Rustam Tariko's structure defaulted on Eurobonds ... $451 million. The security for the restructured bonds was 49% of the bank’s shares “ Russian standard». Russian non-standard: how a bond default threatens the business of Rustam Tariko In... November, a source close to the bank “ Russian standard", told RBC that the company does not plan to pay. In the press service " Russian standard"reported that investors were being "conducted... Russian non-standard: how a bond default threatens Rustam Tariko’s business ... (RSL) October 27, may cost the holding " Russian standard" and his beneficiary Rustam Tariko 49% of the bank's shares " Russian standard", pledged as collateral for this loan... the coupon is comparable to the size of the bank's annual profit " Russian standard", therefore, apparently, the task of the shareholder " Russian standard" - to make sure that investors agree to the next... Russian Standard began negotiations with holders of problematic Eurobonds ... this is unknown, several Eurobond holders told RBC “ Russian standard" In the bank's press service " Russian standard"specify that the issuer of Eurobonds is the Russian Standard company ... with an assessment of the financial condition " Russian standard", the analyst concludes. Reputation issue In assessing what consequences the situation with Eurobonds will have “ Russian standard"for the market, experts... Rustam Tariko Bank lost 2 billion rubles. because of his alcohol business ... a jar for him " Russian standard" In 2016 they increased almost 15 times compared to 2015 Bank " Russian standard", controlled by a businessman... and a Russian bureau credit histories « Russian standard" During 2016, in the DAM and credit history bureaus " Russian standard"The bank's share remained unchanged - 23 ... associated organization, taking into account currency revaluation, which had a significant impact." " Russian standard"is one of the leaders in the Russian retail banking market. He occupied... "Russian Standard" will be headed by a native of Pochta Bank ... Deputy Chairman of the Board of Post Bank. IN " Russian standard"He came in October 2016. Previously the head of Russian standard"Ilya Zibarev decided to leave the bank... on the website " Russian standard", Zibarev cooperates with the Konstantin Khabensky charitable foundation. In 2014 and the first half of 2015 " Russian standard"showed record... A technical failure occurred at Russian Standard Bank ... « Russian standard" RBC also failed to promptly contact the bank’s call center; the answering machine reported that all operators were busy. As the press service reported, “ Russian standard... with technical work in a bank. As the chairman of the bank’s board said, “ Russian standard» Ilya Zibarev, the cause of the failure is the reinstallation of equipment. “Currently, the majority... The media reported on the possible resignation of the head of Russian Standard Bank ... Rustam Tariko, and business development issues are supervised by the vice president of the holding “ Russian standard» Eldar Bikmarev. As sources noted, when Zibarev took office ... would he have agreed,” believes an acquaintance of Zibarev. Resignation of the current head of the bank " Russian standard"could take place in early 2017. Sources emphasize that Zibareva... Rustam Tariko will share alcohol assets with creditors ... to shareholders The most important changes in the structure will be the transfer of the vodka brand " Russian standard" - one of the main alcohol assets of the group - on the balance sheet of Roust Corporation ... is on the balance sheet of Roust Trading Ltd). According to CIFFRA, the share of “ Russian standard"in the premium vodka segment in Russia as of May 2016... Rustam Tariko's company will be additionally capitalized by $500 million ... clarified that the terms of the restructuring may include the consolidation of the group's alcohol assets " Russian standard» Tariko, which are not included in Roust. As the newspaper notes, Tariko’s only... not part of the Roust Corporation is a vodka brand “ Russian standard vodka". He, according to the general director of the Center for Research on Federal and Regional... S&P assessed the need for additional capitalization of Russian Standard Bank ..., capital reserves are holding back the recovery of most financial indicators, the agency notes. If " Russian standard"it will not be possible to restore business dynamics, improve margins and reduce... the bank was corrected through the restructuring of subordinated Eurobonds, which gave " Russian standard» additional $451 million. Also in 2015 to increase capitalization... Making money from the crisis: why consumer lending began to grow The reduction in lending rates and the stabilization of the Russian currency caused a revival in the consumer lending market. In July, the volume of loans issued by banks to individuals showed the maximum increase since the beginning of the year. Rates are lower - there are more loans. After a long decline in the consumer lending market, there are signs of revival, major participants state... Russian Standard will buy back part of the debts sold to collectors ... . In particular, at " Russian standard» the share of overdue loans to individuals as of July 1 was 43.6%. According to the banker, " Russian standard“is also thinking about buying out the obligations of its borrowers from other credit institutions. The newspaper notes that earlier “ Russian standard"actively sold... Rustam Tariko's company defaulted ... , When " Russian standard» bought from Roust Trading Ltd (combines Tariko’s alcoholic assets) 23% for 9.35 billion rubles. authorized capital of the company " Russian standard vodka" (producer of vodka " Russian standard"and the owner of the brand of the same name). Then the bank was in dire need of... which, based on the results of 2015, “ Russian standard» was able to make a profit of 16.5 billion rubles. In 2016 " Russian standard"returned to losses, having lost for... Rustam Tariko Bank reduced its loss by almost six times ... . Sidorova notes in the Sberbank CIB review a decrease in liquidity indicators for “ Russian standard": his own cash and equivalents decreased over the quarter by... rub. a year earlier. According to the reports, the instant liquidity ratio (N2) of " Russian standard“In January-March it decreased significantly - from 222.6 to 138... it would have minimized losses,” writes Sidorova. She notes that capital " Russian standard", which was replenished in 2015, including for... Rustam Tariko found a buyer for NPF Russian Standard ... the exchange businessman had to mortgage the non-state pension fund " Russian standard" Rustam Tariko put his financial structures up for sale - NPF " Russian standard" and Criminal Code " Russian standard" - in the fall of 2015. In November 2015, BKS gained control over the management company " Russian standardRussian standard ... "Russian Standard" again slipped into losses after a profitable year ... year. " Russian standard“continues to create additional reserves for problem loans, and this is reflected in its results,” he says. According to the reporting " Russian standard", in January... 2015 " Russian standard» was able to make a profit of 16.5 billion rubles. at the expense of its shareholder Rustam Tariko, who double capitalized " Russian standard» shares of its own...Business, March 30, 2016, 08:09
The media named a possible buyer of the Russian Standard pension fund ... Mikail Shishkhanov and Mikhail Gutseriev, whose collateral is “ Russian standard" According to Vedomosti, the participants are still only discussing the conditions before closing... provides exclusive access for the group’s pension funds to the network of bank branches “ Russian standard", this condition is included in the deal. Under similar conditions, O1 was previously... valued at 500 million rubles. UK " Russian standard” in November received the BCS financial group. NPF " Russian standard" ended up being pledged to the BIN group, so...Finance, 23 March 2016, 04:43
The media reported a record credit delinquency in Russian Standard ... the share of overdue loans as of March 1 was the bank " Russian standard" His share of such loans was 40%. In second place... As of March 1, the share of overdue loans in the portfolio " Russian standard"exceeded 40%, Vedomosti writes with reference to data from the balance sheet... rub. In second place after " Russian standard“Vostochny Express Bank turned out to be with 23% of overdue loans. "Russian standard reporting assumes that overdue items include... Tariko's pension business was pledged to Shishkhanov ... NPF savings " Russian standard"is placed through the management companies of the BIN Group," RBC's interlocutor close to the group knows. In addition, recently NPF Russian standard» switched to service at the OSD depository, which services the funds of the BIN Group. IN " Russian standard"and the BIN Group were refused... In 2015, BKS gained control over the management company " Russian standard" “As part of the transaction for the purchase of a management company “ Russian standard"Rustam Tariko and I agreed on a partnership... ... . The rights to issue the main line of cards in Russia belong to the bank " Russian standard", but this agreement does not apply to prepaid cards. AmEx... The specter of panic: how will the payment of $4 billion by banks affect the ruble? ... . Another bank in the top three in terms of foreign currency repo volumes is “ Russian standard" As of November 1, it had 428.3 billion rubles. liabilities... rubles, or 25%, accounted for currency repo with the Central Bank. Addiction " Russian standard"from the currency liquidity of the Bank of Russia, S&P analyst Sergei Voronenko... for different periods, " Russian standard“Uses these tools depending on the needs and market situation,” the press service reported. Russian standard" Where to keep your savings... Roust bondholders were given a reason to demand $700 million from Rustam Tariko ..., due to the purchase of a vodka distributor by a subsidiary of Roust " Russian standard", which is owned by the parent company Roust. Thus, the company violated two... Tariko already had problems with bondholders of the bank he owned “ Russian standard" In September 2015, the businessman had to pledge 49% of the bank to holders... who accounted for 5%. Otherwise, already in November this figure “ Russian standard"could drop to 4.5%, by the end of the year - to 2... Sberbank CIB warned about the possible write-off of Uralsib Eurobonds ... in the loss section” has already been used by Russian banks. In particular, the shareholder " Russian standard»Rustam Tariko in October restructured the subordinated debt for $550 million... Rustam Tariko - RBC: “I can see how you spend money” ... year, the holding’s specialists created their own premium vodka “ Russian standard", the production of which was undertaken by the company " Russian standard vodka". Initially, the drink was produced at the St. Petersburg distillery... money? - A very successful business - vodka " Russian Finance, 29 Oct 2015, 17:26 Rustam Tariko put financial assets up for sale ... « Russian standard“I wanted to get 15–20% of the value of assets (that is, about 1 billion rubles). As of July 1, 2015, the assets of the NPF " Russian standard"made up... capital " Russian standard» decreased to 0.64 billion rubles, which is less than 1% of the bank’s assets. In August, the bank’s shareholder Rustam Tariko additionally capitalized Russian standard"on...could only be provided that " Russian standard» will begin to generate profits for two consecutive quarters according to international standards reporting and/or will not start...As you know, the well-known bank “Russian Standard” is under the roof of some negativity of its clients or former clients, and for already recent years There are rumors that Russian Standard Bank is closing and everything like that. Therefore, in order to clarify the situation, it is necessary to understand it in more detail and draw certain conclusions about what will happen to the bank next against the backdrop of the banking crisis.
To understand the current situation with the bank and what is the bank’s stability at present, it is necessary to carefully consider the dynamics of the bank’s financial indicators, and also pay attention to the bank’s ratings from various rating agencies. Therefore, let’s get started and highlight the main problems in the bank as of December 2015:
- The bank’s liquidity is very low, it is unstable for the bank, both current and instantaneous liquidity, and also has a tendency to a clear decline (please do not confuse it with a simple decline). Moreover, it is also worth noting that liquidity ratios, to put it mildly, do not reach optimal values. In general, this suggests that the bank has virtually no first-class liquid funds
- There is simply a huge dependence on raised funds (the figure is not lower than 70%), that is, the bank exists mainly at the expense of clients’ funds, if they are not there, the bank will immediately go bankrupt
- Critical margin of safety (the bank will not be able to cope with any outflow of funds in the form of current liabilities, not for nothing, there are reviews on the Internet that the bank cannot pay out deposits immediately on the day of application, this suggests that “somewhere they are looking for money for payments ")
- The bank's reliability is unstable and constantly decreases without obvious signs recovery
- A high share of overdue loans, which increased in 2015. This indicates that the bank does not have this moment reliability for clients
- The bank’s share of provisions for loan losses is growing, and there are no signs of its decrease, and this once again shows that the bank is not reliable
- Inconsistency in the dynamics of attracting deposits from individuals, with outflows of deposits recorded in March, April, May, October and November 2015
- The bank has low ratings from accredited agencies Moody's and S&P with high exposure to credit risks and a weak level of creditworthiness. In general, forecasts from agencies are negative with the possibility of downgrades
- Low reserves for possible various losses on obligations, securities, loans
- High share of overdue loans - about 30% (approximately 60 million rubles out of a total loan figure of approximately 204 million rubles)
- The bank has a risky business policy (the bank specializes in retail sales, as a rule, consumer loans, and the bank invests almost 50% of its assets in securities)
- Russian Standard Bank has a very high refinancing ratio, which doubled in November 2015, which means the bank is dependent on interbank loans provided by other banks
- Low short-term liquidity indicator according to Basel 3. This suggests that the bank is critically unreliable. A noticeable deterioration in the situation was noticed in September 2015 and recovery has not yet been noticed
But do not rush to the conclusion that the bank is in a pre-bankruptcy state!
Despite the fact that the bank’s financial indicators, to put it mildly, are not very good, since the bank’s activities are unprofitable, the bank is kept afloat by providing it with solid financial support.
Thus, in August 2015, it became known that Russian Standard Bank would receive up to 5 billion rubles from the state through OFZ (federal loan bonds). The funds will be allocated from the National Welfare Fund (NWF). This was officially announced by the government of the Russian Federation.
In general, if the state had not provided support to the bank, its license would have been revoked at the end of 2015 or at the beginning of 2016, or the bank would have been sanitized by other banks. But there is support from the state and the bank is very large in Russia, because it is in the top 40 in terms of assets. And based on this, we can conclude that the bank will be kept afloat.
However, there is another side to the coin - a bank cannot be provided with state support all the time, and such a scenario is quite possible when the bank’s financial indicators do not improve better side and it will already be decided to either liquidate it through revocation of the license, or sanitize it. And most likely this will be the case - the bank will not be able to achieve positive dynamics in the form of profit and the Central Bank will begin to strictly control the bank’s activities. The only question is time. When exactly this will happen is difficult to say.
We advise you to close bank deposits and not make new ones, since the bank’s activities as a whole are in unsatisfactory condition and the assistance provided from the state does not count. This is especially true for large depositors who keep more than 1.4 million rubles on deposits. It is better to transfer funds to a more reliable bank.
However, if you have broad financial capabilities, then you can still keep a million rubles in a bank in the form of a deposit, since the bank is in the deposit insurance system and if bankruptcy of the bank does happen, an insurance payment of up to 1.4 million rubles will be made in in full.
If you didn’t know, then we will tell you that now, especially in times of crisis, bank deposits are opened only by people who are not on friendly terms, this is especially noticeable among pensioners, and there are also plenty of them among the working population.
When you go to a bank, especially with large sums, and make a deposit there, you immediately make one big mistake, putting your own capital at risk, and apparently not understanding that the risk of losing money is everywhere, even in any bank.
In addition, it is also worth noting that there are excellent alternatives to bank deposits on the market that have the same risk but with much higher returns. And it is precisely these alternative opportunities that we advise everyone to use, because capital from banks is gradually reduced to zero and sooner or later there will be no money left in the banks at all, and this process is happening at this time and will continue to happen until the number of banks decreases significantly.
If you didn’t know, now businesses don’t go to banks for loans; they simply don’t give them there. Business goes to people for capital through so-called crowd investing, when a business is financed by individuals and this is the future. Banks are gradually becoming obsolete and becoming a thing of the past.
For this reason, we recommend that you familiarize yourself with the information on “How to become an investor?”, since it is known that in the future no one will really earn money in banks, which means that you already need to study real investments to live on interest and receive constant passive income.
In addition, it should be noted and understood that more than 30% of the capital of millionaires is invested in business projects!
And it is precisely for these reasons that it is no longer necessary to cooperate with banks in terms of business development, as well as preserving and increasing capital.
Invest money in business and other financial instruments - it is much more profitable and reliable.
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Is Russian Standard Bank being closed and its license taken away? : 6 comments
Twice in a year, the BRS increased my credit card rate from 32 to 30 percent, then they admitted that they had done this unreasonably and returned the previous 32 percent. How can I sue them to have their license revoked for illegal actions?
Sergey Gennadievich, unfortunately, an individual cannot directly influence the revocation of a license from any bank, but it is possible and even necessary to sue for unlawful actions of bankers, especially in cases where you know for sure that the law is on you side. This is exactly what large bank clients do - various large companies Russian businessmen, that is, sue banks when they exceed their powers and violate laws, terms of agreement, etc.
In addition, in case of any unlawful actions on the part of banks, any of them, the client has the opportunity not only to sue, but also to file complaints with the banking regulator - the Central Bank of the Russian Federation. However, this most likely will not lead to the revocation of the bank’s license, but only to inspections of the bank for violations and possible imposition of penalties if truly massive violations are discovered in the bank.
Bastards, not a bank
It's time to close this bank. Fraudsters.
I have a deposit there, I renew it every year, it’s been like that for 5 years now. I haven’t encountered any problems. I didn’t take out loans.
But nevertheless, no matter what the bank is for the client, the banking crisis is and will continue to occur, which means the emergence of further problems for clients of many Russian banks. Moreover, there is a very high probability that there will be no banks left at all - not a single one, that is, all banks will disappear and another type of financial structure will appear in their place. Therefore, this is a reason to think now about where it is better to invest your money and savings, both existing and future ones.
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Central office of the St. Petersburg branch of the bank ""on pr..
At the help desk customers are told that the office is closed as of December 21st. “The bank does not currently have a legal address for the St. Petersburg branch, but it should be registered within a few days,” said one of the St. Petersburg offices.
The press service closes the office confirmed, but once again clarified that the bank is registered in Moscow, where, accordingly, the bank’s head office and legal address are located. In St. Petersburg, the bank still has 8 branches. In one of them, near the Leninsky Prospekt metro station, cash service has been suspended, the information service clarified.
Before closing the branch on Slavy Ave. was transferred to the status of an internal structural unit along with 8 branches in other regions.
Lawyers interviewed by the site expressed the general opinion is that this situation does not mean the closure of the branch, the bank simply had to notify the tax office and the Central Bank of the move. At the same time, according to market participants, banks rarely sacrifice the central office of a branch during optimization.
Previously, Russian Standard Bank carried out a significant reduction office network throughout the country. During 2014-2015, the number of bank offices decreased by 2, the press service clarified. In Russia as a whole, the bank has about 20% of its staff and 6% of its offices.
Problems at Russian Standard Bank, owned by a famous businessman (who also owns the Roust alcohol holding), began last year. The reason was the bank’s business model itself: it has a very narrow specialization - consumer lending, and this segment of the banking market, in turn, has declined the most this year. With the onset of the crisis, borrowers from Russian Standard and many other Russian retail banks began to experience difficulties in repaying loans. At the end of November, Russians missed the most payments on consumer loans(17.4% of the total volume of overdue debt).
In general, consumer lending in Russia sank very significantly: the volume of the consumer loan portfolio of Russian banks decreased by 12.5% over the past 10 months. A similar reduction in the portfolio was recorded at the end of the same period in 2009.
At the end of 2014, the bank received a record loss - 16 billion rubles, and in the first half of 2015 the loss was almost 1.5 times greater than for the entire 2014 - 22 billion rubles.
However, judging by the support It turns out that the bank's shareholders and the state seriously intend to save the bank. In 2015, Rustam Tariko invested 43 billion rubles in his own bank, including using his alcohol assets. Last week, the media wrote that Rustam Tariko even sold his yacht, which is estimated at 40-45 million euros (about 3.5 billion rubles at the current exchange rate).
And on December 14, the bank was rescued by state: the board of directors decided to include Russian Standard in the additional capitalization program, during which the bank will receive a subordinated loan from the DIA for 5 billion rubles.
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