Kogan will receive 82% of the Bank “URALSIB”

Moscow. November 4. Businessman Vladimir Kogan concluded with the main shareholder of Bank “URALSIB” Nikolay Tsvetkov an agreement to acquire 82% shares of the credit organization, said in a press release “URALSIB”.

As reported, on Wednesday, the Central Bank announced the approval of a plan of financial recovery of “URALSIB” with Kogan. On the restructuring of the Bank the Agency on insurance of contributions (ASV) will provide two loans for a total amount of 81 billion rubles.

“We plan to conduct a number of reforms aimed at strengthening the capital base and increase lending. The Bank will ensure continuity and timeliness of all types of payments and funds transfers, the implementation and execution of contractual relations with clients and contractors, the smooth execution of payment documents,” said Kogan, whose words are in the press release of “URALSIB”.

Also in the message it is said that Flowers have kept minoritary stake in the Bank. Since before the transaction the major shareholder controlled 97,2% of the shares, the size of its current package will be not less than 15.2 per cent.

52-year-old Kogan now owns a group of “Neftegazindustriya” (in its composition, in particular, is the Afipsky oil refinery in Krasnodar territory), but he has rich banking experience. Fame Cohen purchased as co-owner of industry and construction Bank St. Petersburg (in 2004, was sold to VTB) and the head of “Banking house “St.-Petersburg”. St. Petersburg Promstroibank has been a leader in the local market, and Vladimir Kogan is one of the few private bankers, udostaivalsya personal meeting with the President of the country. From 2005-2012 V. Kogan remained in the civil service, then returned to business. Was a minority shareholder of Bank Vozrozhdenie, some time ago the businessman was called one of the contenders for the purchase of Uralkali and state-owned “Novorossiysk sea trading port”.

Bank “URALSIB” in the first three quarters of 2015 was held on 26-th place by assets among Russian banks in the ranking “Interfax-100” prepared “Interfax-CEA”.