MOSCOW, July 31. /TASS/. Former President of the Bank “Ugra” Alexey Nefedov stated charges of the Central Bank at preferential lending by the Bank projects its main shareholder, Alexei Khotin. This is stated in the message, extended a press-service.
On Friday, July 28, the Bank of Russia withdrew the license for banking operations of the Bank “Ugra”, which July 10, was introduced a temporary administration. A controller including claims that the business model of “Ugra” was based on the funding of projects related to beneficiaries, at the expense of attracted deposits of physical persons. So, as of July 1, the share of loans to borrowers related to the business projects of the Bank’s owners, accounted for nearly 90% of the loan portfolio.
“This statement is unsubstantiated. To monitor the repayment of loans, shareholder of the Bank were in slight control of the borrowers that is not a violation of the requirements of the regulator. However, the control of borrowers was negligible and allowed the shareholder to monitor compliance with all financial obligations to the Bank,” says Nefedov.
On 24 July, the Bank “Ugra” has directed to Arbitration court of Moscow the claim to the CBA, challenging the decision on the appointment to the Bank of the interim administration and the moratorium on satisfaction of creditors ‘ claims. The court session scheduled for 15 August. Also hotina lawyers are preparing a lawsuit against the Bank of Russia an appeal against the revocation of the license, confirmed TASS in the press-service.