The Bank of Russia and Agency on insurance of contributions (ASV) has agreed to transfer to the Bank of new expensive office Agency — business center Mosfilmovsky (part of the complex “House on Mosfilmovskaya”), located on the Sparrow hills in Moscow. This was told at once some sources close to both sides of the negotiation process.
Part of the Agency’s employees know that the management plans have changed. “Recently, we announced that the building will go, the Central Bank”, — said one of interlocutors of the edition. This information was confirmed by two sources from the number of realtors that are not associated with stakeholders.
According to the interviewees , formal agreements with the Central Bank was formalized at a recent meeting of the Board of Directors of ASV.
In the DIA reported: “on March 4, 2017 the Board of Directors decided to transfer the building and Parking office at Mosfilm Bank of Russia”.
The Central Bank said that the Board of Directors of the Bank of Russia will consider the issue of the use of a regulator of a building owned by the DIA. “This building on the decision of the Board of Directors of ASV will be transferred by the Agency to the Bank of Russia to repay part of the debt on earlier loans,” — said the representative of the press service of the Central Bank.
Forced negotiations
The transfer of the office of ASV, the Central Bank became for the market a surprise. ASV was going to use the office exclusively for themselves. According to sources close to the DIA, it was planned that the new building will house staff offices on the Forest, Letnikovskaya the streets, office South of the port and partly from the head office on the street Vysotsky. The result was supposed to be a cost saving on rent and improving the efficiency of ASV by combining in one unit, now scattered all over Moscow.
The reason for the refusal of such attractive plans forced, told the interlocutors . The office may be transferred to the DIA to pay the debts to the Central Bank. The fact that the deficit of Deposit insurance Fund depleted due to active withdrawal of Bank licenses, for several years covered by credits of the Central Bank to the Agency. “To return these funds as a necessary, and the transfer of the building, for example in the order of compensation, one of the ways you” — indicates one of the sources . In addition, it is in line with the Central Bank lobbied for the reduction of functions of the Agency, in particular transfer functions of financial rehabilitation of banks from the Deposit insurance to the Bank, he continues: “In this situation, more areas DIA not need.”
“The building and Parking spaces are transferred at a cost equal to the amount of capital investment that can be offset against the repayment of debt Agency credit provided by the Bank of Russia”, — reported in the ASV.
Still this kind of relationship — reckoning assets for the debts between the Central Bank and ASV was not.
According to the initiative about transfer of the building was made by the Central Bank and the DIA supported the idea.
Debt
The Deposit insurance Fund, traditionally updated due to quarterly contributions of banks is scarce in 2015, after a year and a half since the beginning of the clearing of the banking sector. Officially this is the moment were not recorded by the Agency. It simply ceased to disclose on its website data on the volume of the Fund. Since then, the Fund was financed by the Central Bank.
Initially the credit limit ASV from the Central Bank for replenishment of the Fund amounted to 110 billion rubles In October 2016, the Bank of Russia will increase the limit on the loan of 220 billion rubles “for the purpose of ensuring financial stability of system of insurance of contributions”. Then a few more increases in the limit: in March 2016 — up to 420 billion rubles, in 2016 — up to 600 billion rubles credit line limit of the Central Bank is 820 billion rubles, the Central Bank provided these funds on a revolving basis.
As noted senior Director of financial institutions at Fitch Alexander Danilov: “whatever the office, the cost is only a small part of the existing debt of the DIA to the Bank. Moreover, it is clear that the clearing of the banking sector is still not finished, so the debt will only increase. Given this, to reduce it good by any means.”
“Moving to a new office it is reasonable to do at a time when the organization is profitable. Currently the DIA is operationally unprofitable, and very fit to ask, to somehow reduce the liabilities,” says one of sources .
New home
Office at Mosfilm class A. According to the extract from the Unified state register of March 22 (the data in the register are issued with a week delay), business center Mosfilmovsky total area about 15 thousand sq. m currently owned by the Agency on insurance of contributions. According to the materials of the Agency, a nine-storey building was purchased for 3.94 billion RUB from “don-Stroy invest” in October 2014. Later, the Agency built a new and modern office building, has been increased several times, including due to the growth of the cost of finishing the premises they are in 2015 increased by 1.9 billion rubles. Thus, collectively, the Agency paid him about 5.8 billion rubles As stated by the newspaper “Vedomosti” representative of the Agency, the financing of works was carried out at the expense of own funds of the Agency.
The materials of the public procurement specified that the design, construction and installation work and work on the creation of engineering systems and communications of its new building was to be completed by November 2016. Meanwhile, in early March, 2017, the Agency announced a new tender for the purchase from a single service provider to ensure conformity to the object of construction and Assembly works of technological, urban and architectural, stylistic and other decisions contained in the project documentation. These services must be provided until the end of may.
The new owner of the building can also be important and the capacity of the business center. According to estimates member of the Board of Directors of Cushman & Wakefield Michael Mindlin, for one employee, you usually need 10 sq. m of total area. Thus, in the business center on Mosfilmovskaya will be able to move a little more than 1,5 thousand employees of the Central Bank, estimated .
Office the deficit
For the CB question of the extension of payments is very relevant. “As a result of reengineering of business processes has been the centralisation and transfer of responsibilities from territorial institutions of the Bank of Russia Central office, has created a new unit, moreover, the problem of placement of employees is quite acute already, since the creation of mega-regulator. The Bank of Russia a few years forced to use a lease area for a number of units,” — said the Central Bank. Thus, to date, internal resources use of office space in the buildings of the Bank of Russia, located in Moscow, does not exist, said the representative of the press service of the Bank of Russia.
Sources familiar with the discussions on these issues say that as a result of the ongoing reform of supervision, the number of jobs in the Bank of Russia will increase in Moscow. “First, the creation of a new Department of risk assessment, and secondly, in the framework of centralization of the supervision of jobs in the regions are closed and to open in Moscow, and all those workers need somewhere to sit,” explained one of the sources. Now current employees of the Central Bank to actively move from one belonging to the regulator of the other buildings in order to give more effective Seating and the release of some areas, say sources.
According to one of them, given the urgent need of the Central Bank in new areas, the potential price of the transfer of office may be formed with a smaller discount.
Not yet decided which departments the Bank of Russia can move on Mosfilmovskaya. The interlocutors do not exclude that, considering the quality and location of the office, it can be managers of the highest level.
