Knockout game: why the Central Bank has saved «the Opening» who next

© RIA Novosti / Vladimir Astapkovich in photomontages Bank Opening on Bolshaya Yakimanka street in MoscowKnockout game: why the Central Bank has saved «the Opening» who next© RIA Novosti / Vladimir Astapkovich the image Bank

MOSCOW, 30 Jul — RIA Novosti, Natalia Dembinski. The situation around the Bank «Opening» has allowed more than positive: the Central Bank decided to sanitize the largest private player in the Russian financial market, apply for a completely new mechanism. The restructuring of the Bank for the first time will be conducted through the newly established Fund for the consolidation of the banking sector (VCBS) controlled by the Central Bank.

Thus, the turnaround will act as the Bank of Russia — he will get 75% of shares of «Open» and become its controlling shareholder. According to observers, the regulator has taken such a step to preserve confidence in the banking system and to avoid crisis that would have automatically provoked the failure of a systemically important player. About how the eighth largest Bank in the country almost collapsed, what will happen to him next and who could be the next — in the material RIA Novosti.

«Trust» as a feeling

The problem of «Discovery», the fall of which, according to the newspaper The Financial Times, was «as swift as the rise» in the Bank associated with the failed solutions of the past three years. State of the organization crippled the rehabilitation of the Bank «trust» (in the top-30 in Russia), to improve which asked the FC «Opening».

Powerful outflow of liquidity

The catalyst of the deterioration of the Bank was the acquisition of «Rosgosstrakh» — the costs incurred in connection with this transaction far exceeded the expectations of the owners of the group.

This summer at «the Opening» hit and a powerful outflow of client funds after Analytical credit Agency (ACRA) has downgraded the rating of the Bank. Analysts pointed to «weak credit the ability to generate their capital», as well as a negative impact on its liquidity and capital adequacy on the part of the parent structure.

According to the Bank, since the beginning of July to end of August, a legal entity was taken from the «Discovery» 389 billion rubles, and the physical — 139 billion rubles.

The Bank has become increasingly dependent on operations of refinancing of the Central Bank and the result is applied to the regulator for support.

Information attacks

Finally crippled the fragile «Discovery» and the recent «information attacks». In mid-August of fuss about the letter of the criminal code «Alfa Capital» sent to their customers. In it, the company warned four banks at risk, the issue which «will be finally resolved» by the autumn. In the black list were Bank «Opening», Binbank, Moscow credit Bank (ICB) and PSB.The Bank of Russia explained: a new mechanism applied by the Central Bank in relation to the «Opening», will be more effective and will take much less time than a sanitation credit scheme, which can last 10-15 years.

For investors these changes in the fate of «Open» have no inconveniences: the Bank will continue to work as usual.

CB will support the work of financial institutions and services belonging to the group of the Bank. It is the insurance company «Rosgosstrakh», the Bank «trust», «Rosgosstrakh Bank», NPF «LUKOIL-Garant», «NPF Elektroenergetiki», NPF «RGS», «Opening Broker» and projects a «Point» and mobile Bank Rocketbank.© PJSC Bank «FC Opening»Debit card «Open rocket»Knockout game: why the Central Bank has saved «the Opening» who next© PJSC Bank «FC Opening»Debit card «Open rocket»

In Rosebank already stated: the fact that the Bank became a state, they are very happy. «Rocketbank has now become even safer. The Central Bank will be the investor of «Opening», and we continue to work and develop as before,» said service to users of its mobile app.

Interestingly, Rosebank that «Discovery» I bought in April 2016, to the predicted collapse. Over unprofitable startup for a long time bantered a well-known entrepreneur Oleg Tinkov in social networks. For example, he once offered to buy Rocketbank for one million dollars so that his children could «play Bank».

«Discovery» acquired the service for $ 4.5 million.

What awaits the «Opening» and who’s next

The Central Bank has a set of tools to solve problems falling and about to fall banks and the revocation of the license, and rehabilitation in one form or another, and bail-in. Therefore, the current decision of the regulator in relation to the «Opening» would be an exception for the market, not the rule, observers believe.

«Opening» is too big player that could pull other banks, so the Central Bank decided to sanitize it yourself, quickly and efficiently with this decision», — says the Putilov.

However, according to analysts, as soon as the situation stabiliziruemost — and the regulator has promised to have six to nine months to bring the Bank’s ratings at good levels, the Central Bank will rush to sell «Open» with hands.© RIA Novosti / Vladimir Astapkovich in fotobounce Bank «Opening» on Bolshaya Yakimanka street in MoscowKnockout game: why the Central Bank has saved «the Opening» who next© RIA Novosti / Vladimir Astapkovich in fotobounce Bank «Opening» on Bolshaya Yakimanka street in Moscow

«Once the state Bank nor the Central Bank nor the Finance Ministry does not need» — said Razuvaev.

As suggested by the expert, «Discovery» may purchase some of the Russian state-owned banks or one of the companies-exporters.

Now all tormented by the main question — who will be the next candidate «to take off» after «Open» and all the attention, of course, drawn to the banks of the infamous letter «the alpha-the Capital». The analyst recommends BankoDrom to rely solely on the ratings assigned to these entities, they allow you to judge their credit quality.

Razuvaev, however, confident: the next will be exactly the Bank from the ill-fated list, and who it will be, we’ll know in September.