Share Tsvetkova in Bank “URALSIB” was sold at a symbolic price

Moscow. November 10. The share of the former principal shareholder of Bank “URALSIB” Nikolay Tsvetkov in 81% stake was sold to businessman Vladimir Kogan at very low prices, said the Chairman of the Central Bank Mikhail Sukhov.

“Fundamentally symbolic, because the market valuation of the Bank’s capital is about the same – symbolic”, – Sukhov told journalists on Tuesday.

According to him, the Central Bank for a long time sought from the former majority shareholder of measures to strengthen the Bank, and they were realized: not less than 20 billion roubles have arrived in the capital in the past year.

“Meaningful for us is the choice of the most effective money supply, which was in full done in the decision about financial rehabilitation of the Bank. From the point of view of the write-off of capital up to the ruble or purchase it for a few thousand rubles – this is not the main issue for us”, – said the Chairman of the Central Bank.

As reported, the Agency for Deposit insurance (DIA) as part of the measures for financial rehabilitation of the Bank “URALSIB” will give him from the funds of the RF Central Bank credits amounted to 14 billion rubles for a period of six years and 67 billion roubles for 10 years. Investor to participate in the activities on prevention of bankruptcy of the selected businessman Kogan, who bought 81% of the shares of the credit institution.

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”.

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”.