The business model of the Bank «Ugra» not amenable «to treatment,» said Nabiullina

© RIA Novosti / Maxim to Aminopherase in photomontages Bank Yugra in Moscow. Archival photoThe business model of the Bank «Ugra» not amenable «to treatment,» said Nabiullina© RIA Novosti / Maxim to Aminopherase the image Bank

To carry out the rehabilitation of the Bank «Ugra», a business model which was based on aggressively attracting deposits of the population in the financing of business projects owners, it was impossible, said in an interview with TV channel «Russia 24» the head of the Central Bank Elvira Nabiullina.

The Central Bank since July 28, revoked the license of the «Yugra» that were included in top-30 largest Russian banks. The regulator said that the business model of the Bank is based on financing business projects of its beneficiaries at the expense of attracted funds of natural persons. A month later, the regulator announced a reorganization of the Bank «FC Opening» using a new mechanism — the Bank of Russia, investing established in the year of the Foundation of the consolidation of the banking sector will become the main shareholder of «FC Opening».

«In our view, such a business model this is to encourage aggressive deposits — I remind you that the deposits of the population grew up somewhere four years ago with about 12 billion to 170 billion rubles. Such aggressive attraction of contributions of the population in the financing of business projects owners, who, most likely, will not service the loans we already see in practice. This business model is not treated», — said Nabiullina.

«Indeed, each time a separate decision on the application or resolution mechanism, or revocation of the license. Why was taken such decisions in this case? First, different sizes. Although the Bank «Ugra» not a small Bank, it should be around ten times less than the Bank «Opening», — said the head of the Central Bank of the Russian Federation to the journalist’s question on why was taken different decisions on the «Ugra» and «FC Opening».

«Second, we evaluated the systemic importance of the Bank: it is not only the size but also the effect on other participants in the financial market. The Bank «Opening» — it really fulfilled the functions of a financial intermediary — raised the funds, placed them in a market way, not always successfully, is sufficiently diversified. And the Bank «Ugra», in the main, attracted deposits of the population — the share of deposits in Bank liabilities is much more than in the «Discovery» — placed funds, directly or indirectly, it is not always possible to prove it directly in business projects related to the owners of the Bank», — said the head of the Central Bank.The business model of the Bank «Ugra» not amenable «to treatment,» said NabiullinaReviews of licenses of banks of Russia

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