Problems of Mosoblbank: license revocation. What will happen to the bank?

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

Back in 1992, a bank was established in Dagestan under the name "Vatan", which was subsequently bought out and moved to the city of Fryazino, Moscow Region. At the same time, it was renamed Mosoblbank. In November 2011, the Central Bank of the Federation banned it from accepting deposits from individuals who are not shareholders of the bank for six months. But this financial institution bypassed the specified instruction. It gave each depositor its own share, without explaining to anyone what was happening with Mosoblbank.

Beginning of problems

Improvement of the bank's liquidity, which was achieved thanks to the attracted funds, attracted the attention of the Central Bank of Russia and the agency that guarantees the safety of deposits. In January 2012, a large-scale inspection began there, which helped to identify these frauds. Subsequently, the bank continued to attract clients' funds, offering them some of the most attractive rates. In 2013, Mosoblbank, according to one of the reputable print media, was able to enter the top 30 reliable banks.

But at the beginning of May 2014, the press reported that about 60billion rubles, fraudulent schemes were used for this. Despite the fact that the management filed a lawsuit in order to protect its reputation, problems with Mosoblbank have already begun. On May 19, it became known that the Central Bank had decided that it was necessary to intervene in the affairs of the bank. Already on the 21st of the same month, it was decided to carry out the procedure for his recovery.

Bypass sanctions

Even at the beginning of 2013, Mosoblbank was issued an order to restrict activities - it was not allowed to open new branches for three months, and activities with individuals and cash were limited for six months. Despite this, the management of the financial institution created a special system, thanks to which two accounts were kept, there were two parallel balance sheets. That is, all activities were hidden from the Russian Central Bank, the problems of Mosoblbank were hidden for a long time.

As a result, this financial company was able to attract 100 billion from individuals to their accounts. True, only 1/5 of this amount was visible in the reports provided. It is almost impossible to figure out where the rest of the funds are. Money was invested in utility companies, clinics, various enterprises. The bank had almost 70 thousand square meters. m of real estate in the capital and regions, large plots of land, mansions in the very center of Moscow.

Reasons for sanitation

At that time it seemed to many that there was no point in sorting out all the problems of Mosoblbank, it was much easier to revoke its license. But the owners of thisinstitutions invested stolen funds in assets that are difficult to sell. The agency, which is engaged in the return of deposits of individuals, would have to return to depositors a fairly substantial amount in rubles - 100 billion, and it would hardly be possible to compensate for it.

That is why, in order to save money, it was decided that it would be better to sanitize Mosoblbank. Revocation of the license was not able to solve all the problems. But in the process of recovery, the management was obliged to return the assets to the real balance.

Rehabilitation procedure

According to the decision of the Central Bank of Russia, SMP-Bank should deal with the procedure for rehabilitating a troubled financial institution. He will work in tandem with a deposit insurance agency. By the way, SMP-Bank was entrusted not only with the specified financial company, but also with Inresbank and Finance-Business Bank. The owners of all these institutions were the Malchevsky family.

To carry out the rehabilitation procedure, SMP Bank, owned by the Rotenberg brothers, was planned to receive a loan of 98.6 billion Russian rubles for a period of ten years. According to the CBR plan, all problems of Mosoblbank were to be resolved after SMP-Bank had enough shares to make key decisions.

Of course, the sanatorium would like the bank's liquidity to be better at the beginning of the recovery procedure, because the bank had a huge number of liabilities and doubtful assets, the cost of many of which turned out to be overstated. But, on the other hand, SMP-Bank had written guarantees from some formershareholders of Mosoblbank about their property, which can cover part of the obligations.

The fate of customers

Of course, having learned about the problems, depositors began to wonder what would happen to Mosoblbank. Having invested at an attractive rate, they became afraid that they would not be able to return their deposits. Most of all, the newly-minted shareholders began to experience. When opening deposits, bank employees offered to buy shares of this institution, about 3% of their total number were sold according to this scheme. And 97% is owned by SMP Bank. Citizens are most frightened by the fact that no one is obliged to redeem shares purchased by individuals.

But ordinary depositors have no particular reason to worry. Mosoblbank's problems are being gradually resolved, payments in this financial institution have already begun.

Stop activity

The main reason why clients became interested in what was happening with Mosoblbank was the temporary suspension of payments and issuance of deposits. However, it did not last long, in June operations were resumed. True, many customers are unreasonably worried about the closure of a number of AKB offices. It doesn't matter in which branch of the bank the deposit was opened, the money will be returned to the corresponding attached departments.

Moreover, the client should not be bothered by problems at Mosoblbank, they can choose any office that suits them (although it must be located within the same branch). Every citizen, upon application, may change the place of hisservice.

Regulations of activities

To normalize the work of the sanatorium, a special program was developed, which should guide Mosoblbank. Problems today, of course, still remain, but the recovery procedure will help this financial company to remain on the market. The bank has introduced a special work regulation, which provides for how and in what amounts money can be issued to depositors.

With a predetermined deposit procedure and daily payout limit, the government wants to prevent panic and prevent citizens from withdrawing all available funds from their accounts. Also, the problem bank stipulates a list of documents that must be provided in order to receive a payment. So the management wants to protect the controlled financial institution from possible claims from unscrupulous citizens who want to take advantage of the critical situation in which Mosoblbank is now located. The problems of 2014 affected many, because in total it has more than 300 thousand depositors.

Procedure for receiving funds

Interim management of Mosoblbank says that money is paid at the cash desks of offices on the day of treatment. But in practice, it turns out that for payment it is better to leave a request and agree in advance on the amount and date of its receipt. You can receive no more than 100 thousand per day. Larger amounts will be issued in installments.

To receive a payment in rubles in the amount of up to 100 thousand, it is enough to present a passport. To receive an amount exceeding the specified limit, you must provide the original of the agreement that was concluded with the bank, and documents that can confirm the deposit of money. But in the event that a client wants to withdraw more than 700 thousand from bank accounts, then he needs to prepare all the documents described above, submit an application and be ready to wait a few days. You should not worry about what will happen to Mosoblbank and think why it does not issue the entire deposit at a time. Large amounts are issued gradually, to receive funds in full, you will have to come to the bank several times.

Peculiarities of activity during the crisis period

Taking into account the fact that the Central Bank decided to improve the said financial institution, customers continue to actively use the services of the bank. Fortunately for the sanators, many did not panic and did not urgently break deposit agreements, thereby worsening the situation in which Mosoblbank is located. The problems of 2014 did not affect the main activity too much. It also continues to attract deposits from individuals, however, interest rates have been revised down by the new administration. Also, since June, a commission for accepting utility payments was introduced in the amount of 1%.

Currently, loans are issued to individuals, and in June 2014 they were issued by 35% more than in the same period last year. True, the issuance of loans to legal entities has not yet been resumed, although settlement and cash services are carried out in the samevolume, as before the problems started.

In the future, the provisional administration expects to expand the client base of Mosoblbank. The revocation of the license does not threaten them with the continuation of competent reorganization. The bank plans to improve the quality of services for various categories of both individuals and legal entities, increase the total volume of transactions, reduce possible costs and increase the level of its manageability. But it is not planned to carry out the procedure of joining other structures or merging with other banks.