Bank "Legion": license revocation. The Central Bank deprived Legion of a license

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

The issuer of Russian, landscape, monochrome miniatures and a master of balancing act with the portrait gallery of American presidents realized a couple of years ago that the printing press is not a panacea. Tough measures are required. Only the regulator takes measures after the fact, when the army of indignant depositors of the bankrupt institution hopelessly asks: “Where is our money?”

Such a complication struck in the summer of 2017 on various clients of Legion Bank. The revocation of the license hit the well-being of depositors in ten cities of the country and destroyed 832 jobs in the financial sector. The register of creditors' claims was closed on November 29. The external administration is taking measures to liquidate a financial market participant.

Portrait of a hero

The organization is being prepared for exclusion from the Unified State Register of Legal Entities. The company has been operating in the financial services market for 23 years. LLP and LLC, CJSC, OJSC and, finally, JSC - a chain of organization states.

The state has never been listed as a shareholder. Completely private company. Statutorythe fund is divided between the majors in the form of a management elite with a share of 85.31% and minority shareholders with a share of 14.69%.

Labour victories in case of declared bankruptcy are absolutely of no interest to anyone. Talk about revoking the license of the Central Bank. Legion Bank was in the register of the Deposit Insurance Agency. Individual depositors are guaranteed compensation within the limits of the money placed on the accounts, but not more than 1.4 million rubles.

The Bank attracted free cash from working people and pensioners. It was difficult to work with Legion cards. There were two dozen own ATMs at KFU. Rescued "Uralsib" with an extensive technological network OBB "Atlas".

Loans were issued without proper risk calculation. Therefore, by January 2016, debts of 22 borrowers in the amount of 7.2 billion rubles had accumulated. Strange projects like the purchase of jeans in Turkey for 1.5 billion rubles were a cover for obtaining loans with the subsequent redistribution of money into private pockets.

Rubles and people

The amount of deposits of individuals is fixed at the level of 12 billion Russian rubles. In addition, legal entities have entrusted 2 billion acquired by overwork. The agency checked the KFU forms and estimated the amount of assets at 5.2 billion. In total, according to the initial audit, the difference between liabilities and own assets amounted to 8.8 billion Russian rubles. Depositors' money flew away forever.

Co-owners of JSCB "Legion" are two dozen people. Five people were on the board of directors. Five people worked inBoard. Among the staff managing the work there were individuals whose track record contains the concepts of “theft of funds”, “embezzlement of funds” through fictitious contracts. One of the leaders was the founder of a research and production association with a sad past - the director of this NGO was deprived of property in another country by a court verdict.

Reasons for deprivation of authority

The regulator made attempts to direct the person involved in the legislative direction. Strictly threatened and forbade promising individuals mountains of gold in exchange for placed deposits.

But attempts to rein in were unproductive. In the midst of the summer holidays, they arranged for Legion Bank to revoke the license of the Central Bank.

A private office has the right to independently plan areas of work. A group of persons connected with the bank started investment projects for the attracted funds of depositors in the interests of shareholders - majors.

Investments are long-term investments. And the return of the investment is not an instant matter.

The dynamics of the financial result is as follows:

2014 is in positive territory with a profit of 91 million rubles.

2015 is still in positive territory, 9.5 million rubles

2016 - in deep red, losses of three hundred million rubles.

2017, end of June - problem with issuing deposits to numerous clients.

If the bank is represented by a ship, then on July 7, a Delta flag would be appropriate over the entrance - stay away, I can hardly manage. The revocation of the Legion bank license is based on three reasons:

1. Statutorycapital amounted to 973,068,400 rubles. During the audit, it was found that the amount of own funds is below the minimum value of the authorized capital, fixed at the time of entering KFU into state registers.

2. Special parameters of the category "adequacy of own funds" as of the date of the audit fell below 2%.

3. Repeated violation of the instructions of the Central Bank and the provisions of the Federal legislation on banking activity.

Self-employment of a private financier

Legion Bank entered the list of 45 CFUs that survived license revocation in 2017 in July.

Private lending financial institution did not plan to submit the authorization form to the regulator. The financiers provided a standard set of services:

• monetary intermediation as the main type of work;
• dealer operations;
• securities management;
• broker functions;
• depository;
• luggage storage.

Licenses have been issued for the listed types of work. But in the last couple of years, the results of operations have remained negative. The odious expression "hole in the pocket" describes the situation of KFU in the best possible way.

Dark Hollow of Violations

Fixed at the time of verification:

1. Shortage of cash in the amount of 360 million rubles.

2. Disappearance of material assets worth 370 million rubles.

3. Loss of accounts payable.

When an institution enters bankruptcy, possible escape routes are:

1. Sanitation under the wing of the Central Bank. Only large, backbone companies can appear here, as happened with KFU Otkritie and Binbank.

2. The license is not revoked, they give a period to search for investors.

3. Bankrupt financiers appeal to shareholders with a request to donate funds to the authorized fund.

But it is difficult to talk about the trust of shareholders when the activities of the company's management are qualifiedly reflected in the Criminal Code. For example, participation in the withdrawal of large sums abroad under false contracts with Turkish businessmen.

Presence in Vladimir

By the end of 2017, the location of the regulator lost 350 banks. The most common reason for liquidation is participation in the shadow economy, laundering of capital obtained in violation of Russian laws.

In Vladimir, the revocation of the license of Legion Bank did not surprise, but brought trouble to depositors. The average monthly accrued salary in the city is 27.1 thousand rubles. Less income remains 23.5 thousand. But even with these incomes, people manage to open deposits and deposits. In addition, a thin layer of the middle class receives above-average incomes. Investors are upset. According to the law, the funds of individuals are insured in the DIA, but in the amount not exceeding 1.4 million rubles.

Business starts usually with good intentions. Branches and additional offices are opened to expand the client base. Corporate clients have long been divided. Hope remains for individuals, lending and on-lending.

In the cityVladimir Bank Legion used the same license as in the other eight cities. When the regulator issued the order, a notice of bankruptcy was sent to the branches and placed in mass information publications. Depositors from Vladimir wrote applications for a refund, stood in line and waited in the same way as depositors from Yekaterinburg, Penza and Moscow.

It was in Ivanovo

In the city of brides, a branch and three additional offices were opened to meet the needs of customers. Feedback on the quality of KFU work was polar. Some clients noted professionalism and loy alty to the client, accelerated processing of a package of certificates and contracts. Other clients expressed unpleasant surprise at the refusal to make payments to the bailiffs.

In the city of Ivanovo, the revocation of the license of Legion Bank brought grief and hassle to customers.

Be that as it may, loans were issued, deposits brought interest, maternity capital was accepted to repay loans.

The hand that manages debts

Legion bank's license was taken away. The current leaders have lost confidence and have come under the care of the Investigative Committee of the Russian Federation and the Prosecutor General's Office. The regulator appointed a temporary administration to the organization.

Designated provisional administration in the face of the disappearance of the original loan agreements conducted its own investigation. The results were staggering: loans were issued to firms with no real production activity and no proven solvency; without assessing the risk of non-return. Subjectseparate contracts formulated as an assignment of rights of claim. There was a withdrawal of assets.

This is how it usually happens. At first, the management makes a mistake, and the mistake goes unnoticed by the supervisory authorities. Then there is a temptation to repeat, since the "mistake" brings profit into your own pocket. The wave of such events becomes uncontrollable. In the end, the man decides to grab big before the inevitable end.

So it happened in the Legion bank. The revocation of the license in 2017 was replenished in July with another person involved. The expected end, because the hired personnel will responsibly assess the risks of lending to projects will not even think if the project is promoted by the owner of the office. More precisely, employees will not be allowed to voice this risk.

Savers to the left, creditors to the right

Problems with the Legion bank license have become a headache for thousands of people. Significant persons stole 11.9 billion rubles from the working people and pensioners. And along the way, they took 3.1 billion money from legal entities.

“Physicists”, albeit partially, but under state protection. Companies and individual entrepreneurs who opened accounts for production activities said goodbye to money forever.

Lessons of other people's rake

The matter is already in the past, but it is useful for clients of other CFUs, especially those not from the top ten, to know the procedure.

Check if the client is on the DIA list for reimbursement. If the surname is not found, or the client is included, but the amount to be reimbursed is less than the amount of the deposit, then urgently write an applicationto the Agency for disagreement. It must be written on paper and sent by registered mail with notification. Just one statement is not enough. It is necessary to make certified copies of monetary certificates at the notary: a deposit agreement and payments with the amount of transactions on the account. Attach paperwork to the application. It is better to keep the originals until the issue is positively resolved.

Deprivation of the license of the Legion Bank does not cancel the depositor's right to apply to the DIA for a refund, even if a part of the due was returned to the person. Except through the Agency, money can be claimed from the debtor in court. It is appropriate for the user of the services of a bankrupt to file an application with the court, to support the application with evidence; demand to restore the amount of the deposit and pay compensation on it.

Should file a complaint with law enforcement about fraud by financiers when accepting a deposit.

Bankruptcy of a creditor does not relieve borrowers of obligations to repay debts. Until September, the office accepted payments to repay loans. Further, Alfa-Bank took over the acceptance of payments to pay for loans issued in dollars and euros.

Site closed, everyone went to the financial front

The website of the financial institution is unavailable. In the register of the Unified State Register of Legal Entities, the company is still listed under the PSRN 1097711000100. Useful information about the timing and addresses of the payment of deposits to affected individuals is opened when contacting the website address. The order of actions of creditors is scheduled - after all, individuals, having placed free cash on accountsoffices actually lend to the organization.

Repeat the past

Clients of KFU are useful to know that every fifth bank in the country has been unprofitable for two years. Even in the top 100, 20% of companies recorded a net loss in 24 months. CFU with a state guarantee look more reliable. The financial policy of systemically important institutions operates with lower interest rates for loans and refinances loans issued by an unexpected bankrupt, lowering the rate. You can trust such companies.