2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
PJSC "MezhTopEnergoBank" was among the top 110 Russian banks in terms of capital in 2017. But in July 2017, the Central Bank revoked the license from the Moscow lender, which came as a surprise to tens of thousands of Moscow residents. The revocation of the license of MezhTopEnergoBank resulted in the dissatisfaction of customers who did not have time to withdraw funds from the accounts of the bankrupt.
A little about the history of the bank
Formerly known as JSC "Interregional Fuel and Energy Bank", "MezhTopEnergoBank" acted mainly as a creditor to enterprises in the fuel and energy and gas-industrial regions of Russia. The bank's activities in the field of lending to customers in the energy industries continued from 1994 to 1998.
Later, the Moscow "MezhTopEnergoBank" began to expand its activities. The beginning was the introduction of new products to the retail market. Since 2007, additional offices of MezhTopEnergoBank began to appear inMoscow region and other regions of the country (for example, Novosibirsk).
From 2010 to 2011, Bank Alemar OJSC gradually infiltrated the MezhTopEnergoBank group. In 2017, six months before the revocation of the license of MezhTopEnergoBank, the lender ranked one hundred and eighth in the country in terms of assets. In the capital, MezhTopEnergoBank was one of the hundred largest banks in the region.
Beginning of difficulties
MezhTopEnergoBank began to experience problems with assets only in 2017. At that time, he was already one of the hundred best banks in Moscow and the region. The MezhTopEnergoBank brand was recognizable among the residents of the capital. Branches functioned until July 2017 and in other regions.
The difficulties that became known to the public began on June 29, 2017. Information appeared in the media about delays in transactions through MezhTopEnergoBank. Bank officials denied problems, but customers began to worry about their money invested.
On June 30, the number of applications for withdrawal of deposits increased thirteen times. Due to the influx of customers, MezhTopEnergoBank's servers really began to experience technical problems, which increased the mass unrest. From July 4, the branches began to refuse to issue cash to customers. ATMs of MezhTopEnergoBank stopped issuing cash to cardholders.
What does management say?
Comments from board members"MezhTopEnergoBank" in connection with its bankruptcy is extremely interested in depositors who were left without their investments and are now forced to return the funds through insurance compensation from "DIA". According to the management, the reasons for revoking the license of MezhTopEnergoBank PJSC were:
- Deterioration of the situation in the construction and investment sectors. MezhTopEnergoBank was heavily dependent on the market economy, like all banks that lend to corporate clients. The decline in activity in the construction sector led to a decrease in the volume of loans issued, which affected interest income.
- The increase in the volume of overdue debt from a number of large borrowers led to a deterioration in liquidity.
- The transfer of refinancing of significant projects of MezhTopEnergoBank.
As the leaders of MezhTopEnergoBank pointed out in their interviews, the reasons led to the loss of reputation and customer confidence. This provoked mass appeals for cash withdrawals from ATMs. Clients began to close accounts in offices.
The sharp decrease in own assets reached a critical level (less than 2 percent), but this did not prevent MezhTopEnergoBank from fulfilling its obligations in full until July 2, 2017. The license of MezhTopEnergoBank PJSC was revoked 18 days later, on July 20, 2017, by decision of the Central Bank.
Opinion of economists and independent experts
Experts disagree with management comments"MezhTopEnergoBank" about the reasons for the bankruptcy of the organization. Citizens who wrote reviews about the situation with the bank support the position of experts.
The revocation of the license from MezhTopEnergoBank is not connected with the market situation in the country as much as the heads of the financial organization tried to prove. The problems of a market economy in Russia did not begin in 2017, but immediately after the crisis in 2012. The banks that managed to overcome the wave of the crisis between 2012 and 2016 are now in the top 100 in terms of assets in Russia.
MezhTopEnergoBank ranked one hundred and eighth in the rating of Russian assets at the beginning of 2017. But already in March 2017, the company's financial problems became apparent. Experts from the Central Bank are sure that the reason for revoking the license of MezhTopEnergoBank was, first of all, investments in low-grade assets.
Reasons for license revocation
Violations of Russian legislation, in particular evasion of financial monitoring and fraud with large loans, also played a significant role in the collapse of the bank. Systematic failure to comply with the requirements of the legislation of the Russian Federation in the field of banking (non-compliance with the level of liquidity of assets, for example) led to the revocation of the license in 2017.
From the beginning of 2017, MezhTopEnergoBank periodically had problems in the credit sector. The absence of a high proportion of own assets forced the management to issue loans for money that the organization did not have.
Working at a loss, the lender hoped to return the level of liquidity at the expense of interest. This led to an irrational credit policy. It is distinguished by a high percentage of approval of applications. "MezhTopEnergoBank" issued loans even to those companies that did not provide certificates of financial activity. The issuance of loans to unreliable borrowers led to an increase in the volume of overdue debts, which aggravated the negative financial situation in the bank.
Measures of the state regulator
The Central Bank has repeatedly introduced the procedure for monitoring MezhTopEnergoBank. But preventive measures did not lead to an improvement in the situation with the assets. According to the state regulator, the management is responsible for revoking the license of MezhTopEnergoBank.
During state inspections, cases of withdrawal of large financial sums abroad were revealed. They could influence the interests of creditors. The illegal withdrawal of MezhTopEnergoBank's assets is equated with fraud (Article 159 of the Criminal Code of the Russian Federation).
The result of the investigation of the bank's activities throughout 2017 was the revocation of the license of MezhTopEnergoBank by the Central Bank on July 20, 2017. The insurer, the Deposit Insurance Agency, acted as a bankruptcy trustee.
Consequences for customers
The fact that the bank is experiencing financial difficulties, more than 4/5 customers found out only on June 30, when he suspended operations with individuals and legal entities. This led to active attempts to withdraw cash from the accounts.
But depositors could no longer receive funds at MezhTopEnergoBank offices. Problems arose with the issuance of finances at ATMs of the network.
Since the lender has been a member of the deposit insurance system since 2005, the bank's clients need not worry about amounts up to 1.4 million rubles. They are insured by the government.
Depositors of the ruined "MezhTopEnergoBank" can pick up cash in agent banks. The list of banks is on the official website of the Deposit Insurance Agency.
How do I get a refund?
If the bank, which was part of the DIA deposit insurance system, collapsed, customers should not despair. Amounts up to 1.4 million rubles will be reimbursed to them in full under the supervision of the state insurer.
Revoking the license of MezhTopEnergoBank forced Muscovites and residents of other regions to look for banks that became agents of the bankrupt creditor. Representatives of:won in the "DIA" contest for the payment of deposits of "MezhTopEnergoBank"
- Sberbank;
- "Rosselkhozbank";
- Uralsib Bank.
In the branches of these financial institutions, borrowers can pay the loan without commission and count on the reimbursement of the sum insured.
In Novosibirsk, customers can receive reimbursement, including in additional branches of Otkritie Bank. License revocation information"MezhTopEnergoBank" in Novosibirsk posted on the official page of the branch. Rosselkhozbank and Otkritie are listed as agents.
Repayment of debt on a loan at MezhTopEnergoBank
Borrowers of bankrupt banks are required to fulfill obligations under loan agreements in a timely manner. Otherwise, they face fines, pen alties and bad credit history.
Borrowers of MezhTopEnergoBank are no exception. They must repay loans issued before bankruptcy according to the payment schedule. Details are presented on the website of the "Deposit Insurance Agency". When changing the data on the "DIA" page, payers can find out where to transfer funds online.
Payment without commission can be made at Transcapitalbank.
Office addresses in Moscow:
- st. October, 36;
- trans. Dokuchaev, 5, building 3;
- st. Regimental, 3, p. 4;
- st. Ryabinovaya, 55, building 1;
- sh. Warsaw, 138a.
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