The new owner of URALSIB agreed not to sell NPF Tinkoff Bank

Moscow. November 23. Businessman Vladimir Kogan owning 82% of the Bank “URALSIB”, decided not to sell non-state pension Fund (NPF) “Uralsiba” Tinkoff Bank announced on Monday, the newspaper “Vedomosti” referring to its sources.

The former beneficiary Bank Nikolay Tsvetkov has agreed the sale of Fund Tinkoff Bank, the proceeds of this transaction were to go to the Bank. However, the deal fell through. By the time when control of “URALSIB” has switched to Kogan, the deal with Tinkoff Bank was far from closing, and then her refused – the parties have not agreed on price.

The source of “Vedomosti” reported that Kogan felt that the business of the NPF he is interested in, and decided not to sell the Fund. This was confirmed by the representative of the businessman.

Kogan on 9 November became the owner of 82% of the Bank “URALSIB”. The Board of Directors of the Bank of Russia approved the participation of the Agency for Deposit insurance in measures aimed at prevention of bankruptcy of Bank “URALSIB”. The investor with the reorganization of the Bank was selected Kogan, who offered “the most favorable financial conditions”.

Flowers kept minoritary stake in the Bank.

NPF “URALSIB” is 100-percentage “a daughter” Bank of the same name. The Fund is admitted to the system of guaranteeing pensions. The assets of NPF “URALSIB” at the beginning of July 2015 was about 7 billion rubles, of which 6.6 billion rubles of pension accumulation.

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”.