"Growth Bank": problems (2014). OJSC Rost Bank, Rostov-on-Don

OJSC ROST Bank, which experienced problems as early as 2014, is currently a successful financial institution, which is actively supported by the Russian government. The central office of the bank is located on the territory of Moscow. Branches are available in different parts of the country, including in Rostov-on-Don and Orel, Murmansk and Ryazan, in Tver and Saratov, in many other settlements. The authorized capital of the Institute is 2,375,139,760 rubles.

Let's go back to the story

"Bank ROST" appeared back in 1994 and was known at the time as the "Kazan" bank. In 2004, the legal form of the financial institution was changed from LLC to OJSC. In 2013, as a result of the merger of the banks "Rost" and "Kazan", a financial institution, known today as "Bank ROST", was formed. On the account of the credit institution today there are about 40 thousand individuals and 3 thousand legal entities. The number of people who chose an institution as a partner is systematically increasing. The credit and financial institution operates on the basis of the general license of the Central Bank of the Russian Federation with the right to open branches in the country and abroad.

Financial policy and priorities of the banking institution

OJSC ROST Bank (the problems of 2014, unfortunately, were very serious) throughout the history of its existence as the main priority has always chosen the interests of clients. This financial institution was one of the first in the market to offer its partners the best banking products and innovations. The course was taken for a long cooperation with each client.

The development strategy of the organization is marked by strict conservatism. The work is carried out exclusively in the real sector of the economy. The bank's service is in constant dynamics, as technology advances, it is modernized and improved. The financial institution conducts an active credit policy, constantly and confidently increasing its portfolio.

Reliable partner

ROST Bank, Rostov-on-Don, as well as branches in Moscow and St. Petersburg, is a participant in the REUTERS and SWIFT systems. This opens the possibility to provide clients with the service of international transfers, which indicates the reliability of the enterprise. The main financial partners of the Institute are OJSC URALSIB and OJSC Rosbank. The Bank maintains correspondent relations with such foreign institutions as:

• Deutsche Bank Trust Company Americas in America.
• Deutsche Bank AG in Germany.
• Commerzbank AG in Germany.
• VTB BANK in Denmark.
• AG in Germany.

OJSC "Bank ROST" is a member of the Moscow International Currency Association and an association of Russian banks, is a participant in international payment systems Visa International and MasterCard International, participates in trading on the Moscow Currency Exchange and on the MICEX.

What happened in 2014?

The ideal history of the bank did not always develop smoothly and quietly. Most recently, there was a real scandal, which, fortunately, with insignificant losses managed to cope with "GROWTH Bank." Problems with the Central Bank began when, in 2014, the introduction of a limit on the issuance of deposits was fixed. The financial institution paid its depositors not more than 30 thousand per month. People went day by day to branches to collect their savings.

The situation attracted the attention of the Central Bank of the Russian Federation due to the fact that ROST-Bank of Rostov-on-Don fell sharply in the rating of the international agency Standard & Poors, and not to a few positions, but to the level of the pre-default state. The DIA appointed a regulator to the financial institution, which in the course of assessing the situation revealed the facts of illegal lending, which entailed very serious problems.

What was the prerequisite for the problems of 2014?

In addition to the fact that "Bank ROST" liquidity problems in 2014 were very acute, in parallel there was a decrease in assets and illegal lending related to one of the shareholders. According to experts, the financial institution was engaged in actively withdrawing assets to the side through fictitious lending to one of the owners.

As reported by the media, one of the owners of the shares, namely Oleg Karchev, practiced the "curve import" of his own company Merlon, intensively applying the scheme of lending to one-day enterprises. According to preliminary estimates, the amount of unpaid customs payments and taxes was measured in billions of rubles. Missing assets have become a black spot on the reputation of OJSC ROST Bank in Rostov-on-Don, Moscow and branches in other parts of the country. The lack of assets in the amount of 10 billion rubles put not only the institution itself in jeopardy, but also the banks of its type: Tveruniversalbank OJSC and SKA-Bank OJSC, Kedr OJSC and BaikalInvestBank OJSC.

Who is responsible for the problems?

Almost officially the originator of the collapse of the financial system was named Alexei Korneshov. The shareholder of OJSC "ROST Bank" initiated the problems with its schemes of fraud. About his father, who was previously the head of the Moscow State Technical University, and about him has repeatedly written in the domestic media, including state media, as individuals who do not just destroy financial institutions, but also put the entire financial system of the state at risk. The shareholder of OJSC ROST Bank, whose problems appeared not without reason, had previously been a co-owner of Sibeconombank, which lost its license due to various violations in 2007, and a shareholder of Bank BFT, which also has no license since 2013.

Despite the rumors, the sanation took place

After the introduction of Rostov-on-Don in the "ROST Bank" and the offices in other cities of the provisional administration, active conversations about sanitation began. Reports on the liquidation of the financial institution appeared in the media. According to the latter, all the banks of the group will be rehabilitated: OJSC AKKOBANK and OJSC Tveruniversalbank, OJSC SKA-Bank and OJSC Kedr, OJSC BaikalInvestBank.

At the conference, the representative of OJSC "ROST Bank" did not paint the problem in detail, but only stated that there will be no sanation. The Bank conducts fruitful cooperation with the Central Bank and considers active measures for independent improvement. In addition, it was reported that the "ROST Bank" problem in 2014 will be addressed intensively, and first of all in order to fulfill all obligations to customers, the total amount of deposits as of November 1, 2014 was about 40 billion rubles. Despite the statement of the representative of the financial institution, sanation and strict adherence to the liquidity recovery plan began. Today the financial institution blossoms again, and already in 2017 it is planned to bring "Rost Bank" Rostov-on-Don and branches in other cities to a higher level.

How did the bank's clients suffer during the problems in Rostov-on-Don?

At the time of problems with the Central Bank, clients were suffering not only in the Moscow branch, but also in all branches. For example, people cooperating with OJSC ROST Bank in Rostov-on-Don did not have the opportunity to make money transfers. All settlement operations were suspended. I could not even process incoming payments. It is quite obvious that there could be no question of withdrawing cash. OJSC ROST Bank Rostov-on-Don, however, like other branches, remained suspended until the decision was made by the regulator and the interim administration. Customers did not even know if they could ever return their deposits. People could not withdraw even the salary from the cards and could not get their hands on transfers from abroad. Practically all the services of the financial institute were blocked. Nobody gave any forecasts. Fortunately, the sanation institution on certain conditions engaged in "Bin Bank", which, in accordance with the rehabilitation plan of the bank, will absorb it in 2020. "ROST Bank" does not experience any problems now, it is consistently trying to pay all of its depositors their savings.

Realization of sanitation

As stated above, the sanation of the financial institution was entrusted to "Bin Bank". He will be responsible for the 5 banks of the group, mentioned above. It should ensure not only the elimination of difficulties, but also the further development of OJSC ROST Bank.

Problems are planned to be eliminated at the expense of financing in the amount of 35.9 billion rubles. Of this amount, 18.4 billion will be provided at 0.51% per annum for a period of 10 years. Another 17.5 billion were issued at 6.01% per annum for a period of six years. "ROST Bank" of its problems undertakes to solve not only through refinancing, but also through a complete restructuring of the government apparatus. All actions will be tightly controlled by the Central Bank's commission. A rigid framework for banking operations is an indispensable condition for rehabilitation. We can say that ROST Bank has solved the problem with the Central Bank almost completely, now it remains to justify the trust placed on it.