Svetlana Bastrykin will head the URALSIB

MINSK, 5 November. Member of the management Board of Bank URALSIB Svetlana Bastrykin was replaced by Airat Gaskarov, the post of the acting head of the Bank. This was reported in the credit organization.

Airat Gaskarov has held the position of Deputy Chairman of the Bank since March 2013, in April 2015 after retiring from the Bank Ilkka Salonen he was appointed acting Chairman of the Board.

As previously reported, the head of the group “Neftegazindustriya” Vladimir Kogan entered into an agreement with the major shareholder “UralSiba” Nikolay Tsvetkov on the acquisition of 82% shares of the Bank. The new owner will provide to the Bank an amount sufficient to ensure smooth operation and compliance with mandatory standards, in the form of loans amounting to 14 billion rubles for a period of 6 years and $ 67 billion rubles for a period of 10 years. This plan was submitted to the Agency for Deposit insurance and approved by the Board of Directors of the Bank of Russia.

Bank “URALSIB” occupies the 27th place in Russia’s banking system in terms of net assets. Last year, the Bank received an IFRS loss in the amount of 9.5 billion rubles, which is 6 times higher than the loss 2013. In the first half of 2015 “URALSIB” has received a loss in the amount 10,23 billion.

The main reasons for these indicators are the creation of reserves for problem loans and the increase in interest expense. This summer shareholders of the Bank held its capitalization to us $ 17.6 billion.