Yugra what's next. Bank "Ugra" Yuri and Alexei Khotin trying to hide their problems? A Sound of Thunder

The Prosecutor General's Office challenged two orders of the Bank of Russia concerning the Yugra Bank - regarding payments to Yugra depositors by another guarantor bank and the introduction of a temporary administration. About what is happening with the bank "Ugra" and what fate awaits him after the decision of the Prosecutor General's Office - in the material "360".

Last week, the Bank of Russia introduced a temporary administration and a moratorium on satisfying the claims of creditors of Yugra Bank, which is among the top 30 Russian credit institutions in terms of assets.

The moratorium will be in effect for three months, and the temporary administration - the Deposit Insurance Agency (DIA) - will manage the bank for six months. Such a measure, of course, is not taken as a preventive one - after the expiration of the term of the temporary administration, a decision will be made on the further fate of the bank - reorganization or revocation of the license.

The Central Bank made such a decision because, according to its data, in the past few months there have been “signs that the reporting provided by the bank itself is unreliable.” In addition, the regulator discovered a scheme to manipulate deposits in the amount of about 1.88 billion rubles.

On Wednesday, the Prosecutor General's Office protested the decision of the Bank of Russia, but the guarantor bank VTB 24 began paying Yugra bank depositors, and the temporary administration continues its work.

Vyacheslav Putilovsky, junior director of bank ratings at the Expert RA agency, told 360 why Yugra bank fell out of favor and how the dispute between the bank of Russia and the Prosecutor General's Office might be resolved.

“Yugra is a bank with a solid administrative resource. When the Bank of Russia introduced a temporary administration there, the media recorded a number of public figures who considered that the bank needed to be sanitized. There were official requests from the State Duma - from the LDPR and United Russia, the Prosecutor General's Office, the Central Bank, about what was happening in the bank, there were demands to sort it out. Apparently, the Prosecutor General's Office reacted and suggested that the Central Bank recall the temporary administration and stop payments, since the bank is in good condition," Putilovsky recalled.

According to him, the task of the interim administration is precisely to check the correct functioning of the bank. But on the other hand, they don't simply introduce temporary administration into large banks - apparently, there were serious reasons for sorting out the situation in this way. The case is unprecedented, probably very serious levers were involved.

The expert notes that so far the decision of the Prosecutor General's Office is rather formal. Now the Bank of Russia holds the fate of Yugra in its hands, but it cannot be ruled out that the situation will change.

The fact that VTB does not stop payments means at least that the Bank's position in this case turned out to be stronger - at least for the moment. In fact, it has yet to be refuted. If an order comes from the very top, perhaps the situation can be “rolled back”, but I think that it will not come - [Elvira] Nabiullina (Chairman of the Central Bank of the Russian Federation - ed.) has a certain carte blanche, which is confirmed by the recent extension of the deadline its powers

Vyacheslav Putilovsky.

Putilosky said that there is no conflict as such between the regulator and the Prosecutor General's Office on this issue, it's just that each of the bodies performs its tasks. Another thing is what will be done under the influence of various power centers. Yugra is a credit institution and is under the jurisdiction of the Bank of Russia, as well as the Deposit Insurance Agency (DIA) - the temporary administration of Yugra. The DIA is also a de facto division of the Bank of Russia.

The prosecutor's office here can conduct investigations, but they have no right to tell the Bank of Russia what to do and how

- Vyacheslav Putilovsky.

He said that Ugra's reputation had been ambiguous for a long time, so, probably, the situation around the bank did not surprise anyone, rather it was even expected.

It was expected, and the main motive for refusing to reorganize could be the low quality of assets on the bank's balance sheet, analysts from Fitch, S&P Global Ratings and ACRA explained to RNS. And the risk of withdrawing assets from the bank has ceased to be hypothetical.

“The Central Bank's decision to revoke the license from Yugra Bank was completely predictable. As far as I understand, the decision was made due to the fact that the Bank of Russia did not see any prospects for the bank in terms of reorganization and its subsequent development, taking into account the assets that Yugra Bank had on its balance sheet, ”said S&P Global analyst Ratings Dmitry Nazarov.

According to the expert, the bank's business model, almost entirely based on lending to owners' projects, increased the risks for depositors and creditors, which was what the Central Bank feared,

“The Central Bank commented quite fully on its decision. In fact, the activity of the bank "Ugra" was reduced to attracting deposits from the population and issuing loans to organizations associated with the shareholder. This increased the risks for all creditors and depositors of the bank, in particular, the risk of asset stripping, even if the projects and companies that were lent were viable. Judging by the comments of the Central Bank, this risk has ceased to be hypothetical recently. Taking into account the quality of assets and peculiarities of the bank's business model, the reorganization did not seem expedient. In addition, the Central Bank probably found the reorganization plan proposed by the shareholder to be inconsistent with the law and impossible to execute,” Nazarov summed up.

Fitch notes that the majority of Yugra's loan portfolio was likely "non-performing".

“The Central Bank is doing its job. Judging by the financial recovery plan proposed by the shareholders of Yugra Bank, most of the bank's loan portfolio is "non-working", and the reorganization was offered mainly at the expense of state funds (the money of the Deposit Insurance Agency), which replaced private depositors. Reorganization is a matter of economic feasibility, and in this case, taking into account the size of the “hole”, it (expediency. - RNS) did not exist, and predictably, the Central Bank did not support the plan, revoking the license from the bank,” emphasized the senior director of the analytical group for financial institutions Fitch Ratings Alexander Danilov.

“The Bank of Russia is guided by rational considerations, namely the prospects for financial recovery and economic feasibility, therefore, I believe this alone is enough to make such a decision,” says Kirill Lukashuk, head of the bank ratings group at the Analytical Credit Rating Agency (ACRA).

“I expected that there would be a reorganization of the bank. If the Central Bank made such a decision (to revoke the license. - RNS), it means that the quality of the assets does not allow it to make a different decision. The Bank of Russia has been analyzing for a long time (the situation in the Yugra bank. - RNS), there were many checks,” Aksakov said.

As Otkritie Broker analyst Timur Nigmatullin explained, with the start of insurance payments to depositors, the bank lost its source of liabilities, so the revocation of the license looks natural.

“After the recent introduction of an interim administration and the start of insurance compensation payments to bank depositors, revocation of the license looks to a certain extent a logical decision of the regulator. Nevertheless, this action actually means the refusal of the Central Bank from the plan for reorganization of the credit institution, previously proposed by the bank's shareholders. After the start of insurance payments, the bank has actually already lost a significant part of its depositors (including due to their transfer to DIA agents for payments) and, accordingly, a source of liabilities,” Nigmatullin believes.

On July 10, the Central Bank introduced a temporary administration into the Yugra bank and established a moratorium on satisfying the claims of creditors. On July 19, the Prosecutor General's Office issued a protest against these actions and proposed to suspend payments to bank depositors. The Central Bank decided to start payments as scheduled - July 20. During the week, the bank's depositors were paid 109.9 billion rubles, the total amount of payments is estimated at 169.2 billion rubles.

Today, the former chairman of the board of Ugra, Dmitry Shilyaev, said through his representative that the management and owner of the bank intend to "go all the way" in defending their position and assess the revocation of the license as "emotional pressure" on customers. Earlier, Shilyaev filed a lawsuit with the Moscow Arbitration Court challenging the introduction of an interim administration and a moratorium on satisfying creditors' claims.

Image copyright Donat Sorokin/TASS

The Central Bank, contrary to the requirements of the Prosecutor General's Office, did not begin to change its position on the Yugra bank, in which a temporary administration was introduced.

"On July 20, the Bank of Russia sent materials to the Prosecutor General's Office confirming the position of the Bank of Russia regarding PJSC Bank Yugra and the compliance of the actions taken by the Bank of Russia with both the goals of protecting the interests of the bank's depositors and creditors and the requirements of federal laws," the statement says. Central Bank.

On Wednesday evening, the Prosecutor General's Office tried to introduce a temporary administration in "Ugra" and demanded to suspend the payment of compensation to depositors. The problems of Yugra, which is one of the thirty largest banks in Russia, for the first time in Russia led to an open confrontation between the Central Bank and the prosecutor's office.

Case "Master Bank"

After the refusal of the Central Bank to cancel the instructions regarding Yugra, the Prosecutor General's Office remains to go to court, ex-head of the Central Bank Sergei Dubinin told the BBC Russian Service.

"I understand that this conflict can be legally resolved only in court. If the prosecutor's office insists, then it is necessary to go to court with this," he said.

There are already precedents for such a consideration - at the suit of the banks themselves, and not the Prosecutor General's Office - for example, the history of Master Bank, which has repeatedly managed to challenge the Central Bank's orders in court.

As a result, Master Bank's license was revoked altogether - at that time it was the largest insured event for the Deposit Insurance Agency.

“As a result, a very noisy bankruptcy occurred, and, unfortunately, the Master Bank was actually plundered. The withdrawal of assets, the loss of capital - everything became obvious, but later, unscrupulous people took advantage of this,” Dubinin explains.

According to him, based on cases with other banks, when the regulator's suspicions were eventually confirmed, if the case goes to court, it makes sense to expect the Central Bank to win.

What happened to Ugra?

Yugra is one of the largest Russian banks. In terms of assets, the bank, according to the portal banki.ru, became 30th in the country, and in terms of loans - 16th.

The total amount of deposits in Yugra, according to the deputy chairman of the Central Bank Vasily Pozdyshev, is 180 billion rubles. Of these, 170 billion rubles are insured, the official explained. Payments to depositors of "Ugra" for the DIA will be a record.

On April 25, there was a failure in Yugra, which the bank explained with problems with power supply. For two days, depositors could not withdraw money.

Some analysts, as well as Vedomosti sources close to the bank's owners, suggested that the failure could actually be due to a lack of liquidity. After that, an unscheduled check of the Central Bank began, Vedomosti writes.

Prior to this, the bank's business grew rapidly, as Yugra offered depositors higher interest rates than competitors. However, in April, the Central Bank introduced a restriction on the bank's ability to attract deposits from individuals.

Pozdyshev claims that the bank circumvented these restrictions by offering depositors one share of the bank, due to which they became its shareholders. Thus, according to him, the bank managed to attract 1.88 billion rubles.

According to Pozdyshev, more than half of Yugra's loan portfolio comes from loans to the bank's shareholders.

On July 13, three days after the decision to introduce a temporary administration in Yugra, the head of the Bank of Russia Elvira Nabiullina affiliated one of the main problems of the Russian banking system.

"I advise those whose business model is built on lending to the owners' business to change the model," she said.

After the provisional administration assesses the state of the bank, the Central Bank must decide what to do with Yugra next - revoke the license or begin the process of reorganization. At the same time, some experts believe that when making this decision, the regulator is allegedly often guided by the interests of lobbyists, which is why it overpays for saving banks.

Yugra is owned by the structures of Alexei Khotin and his father Yuri. According to Forbes, in addition to Yugra, the Khotins own various real estate in Moscow.

Experts: the probability of revocation of the license in the bank "Ugra" is very high

The shareholders of Yugra Bank declared their readiness to reorganize the credit institution at their own expense. However, according to experts, the probability of revoking the license in the Yugra bank is very high, and the giants of the domestic banking sector will benefit from this in the first place. Details - in the material of RIA "FederalPress".

Negotiations with shareholders

The day before, on Monday, Dmitry Shilyaev, ex-chairman of the board of Yugra Bank, told the Izvestia newspaper that the shareholders of the financial institution, where the Central Bank's moratorium on meeting creditors' claims was introduced in July, are ready to reorganize the bank at their own expense. “We need to give shareholders the opportunity to heal banks themselves, including by attracting additional market investors,” he said.

According to the former top manager of Yugra, the bank did not conduct dubious transactions, and all financial statements complied with international and Russian standards. As Dmitry Shilyaev noted, the bank's financial statements as of July 1, 2017 testify to the bank's compliance with the established standards and capital requirements.

“Shareholders are ready to support the bank until its full financial recovery, they are able to correct the situation in which Yugra is currently located,” stressed the ex-chairman of the board of Yugra Bank. – The most important thing is that we be heard and given the opportunity to save the bank, to fulfill all the requirements of the regulator in full and in a timely manner. Moreover, there is a legislative framework that allows banks to carry out the procedure of self-healing”.

In addition, at the disposal of Izvestia was a certificate from the authorized Central Bank of the Russian Federation dated June 30, according to which, the additional formation of Yugra's reserves did not lead to the emergence in the bank's activities of grounds for taking measures to prevent insolvency (bankruptcy).

Earlier, the president of Yugra Bank, Alexey Nefedov, repeatedly stated that the management of the financial institution "is constantly negotiating with the bank's shareholders, including on additional capitalization for a more progressive development of the bank."

Recall that PJSC BANK YuGRA was among the top 30 largest Russian banks in terms of capital. The majority shareholder of Yugra Bank is Aleksey Khotin, who controls 52.5% of the shares of the credit institution. At the same time, over the past two years, Yugra Bank has carried out additional capitalization several times: in 2016, the bank's capital was increased by 28.6 billion rubles, at the beginning of 2017 - by 4.75 billion rubles. In addition, in June of this year, after the requirements of the Central Bank to supplement the reserves of this credit institution, the bank's shareholder Alexei Khotin contributed another 20 billion rubles to the capital of Yugra. Moreover, at the end of June this year, Yugra Bank increased its capital by another 5.1 billion rubles. As FederalPress reported, these funds were provided to the credit institution free of charge by Aleksey Khotin's Radamant Financial, which owns a 52.5% stake in Yugra Bank. This decision to gradually increase the capital of Yugra Bank was agreed with the shareholders of the financial institution after the adoption of a new development strategy for 2017-2019.

Thus, the last additional capitalization of Yugra was carried out on June 23 of this year, after which the Central Bank again demanded that the bank's reserves be additionally created by 13.4 billion rubles. And despite the fact that the shareholders of the credit institution managed to find these funds in record time, the Central Bank on July 10 announced the introduction of a moratorium on satisfying creditors' claims in Yugra Bank, as well as the appointment of an interim administration of the Bank of Russia.

Save at any cost

As FederalPress previously reported, at the beginning of July this year, the Deposit Insurance Agency (DIA) announced the occurrence of an insured event against PJSC BANK YuGRA in connection with the introduction of a moratorium on satisfying creditors' claims, as well as the appointment in a credit institution provisional administration of the Central Bank, whose functions are assigned to the DIA. At the same time, the official statement of the state corporation emphasized that "the introduction of a temporary administration of the DIA is aimed at obtaining operational control over the bank's activities."

“This measure will ensure the protection of the interests of depositors and creditors of the bank. The interim administration will check the financial position of the bank, based on the results of which proposals for its further activities will be developed,” the DIA said in a statement.

Subsequently, agent banks were selected on a competitive basis, which should deal with the prompt acceptance of applications from depositors of the bank "Ugra", and then pay them insurance compensation on deposits. According to official information from the DIA, insurance payments to depositors of Yugra Bank will begin no later than July 24 this year. Moreover, applications from Ugra clients for the payment of reimbursements on deposits can be submitted before the expiration date of the Central Bank moratorium.

Recall that, according to the current legislation, the deposit compensation is paid to the depositor in the amount of 100 percent of the amount of all his accounts (deposits) in the bank, including those opened for business activities, but not more than 1.4 million rubles in total. At the same time, PJSC BANK YuGRA is a member of the compulsory deposit insurance system and is registered under No. 320 in the register. It is also important that the insurance compensation for deposits in foreign currency to Ugra depositors will be calculated in rubles at the exchange rate of the Bank of Russia on July 10, 2017 (the day the Central Bank moratorium was introduced in the bank).

Meanwhile, there was no complete revocation of the license from the troubled bank, which may indicate the intention of the Central Bank to reorganize this credit institution. Representatives of the country's banking sector also support this. In particular, the president of the Association of Russian Banks, Garegin Tosunyan, is convinced that the claims of the Bank of Russia against Yugra are much lower than against Tatfondbank, which was closed in March of this year.

Sanitation in a new way

However, according to financial experts, most likely, the reorganization of the bank "Ugra" will be carried out using a new mechanism, which was previously described by "FederalPress".

Recall that over the past few years, the Central Bank of Russia has been developing a new mechanism for reorganizing troubled financial institutions. In particular, the Central Bank expanded its presence on the Board of Directors of the Deposit Insurance Agency. In addition, at the suggestion of the government, the Central Bank is given the right to independently decide whether a management company will be created and who will manage it - the regulator itself or the DIA. According to representatives of the Central Bank, the Bank of Russia is interested in the transparency of the management of the reorganization, and when creating a management company, participation of government representatives in the supervisory board will be provided. Thus, the Central Bank will take personal control over the process of financial recovery of the country's banking system.

“In most cases, banks being rehabilitated need additional capitalization, which will allow it to restore full-fledged work. At the same time, the regulator considered the additional capitalization carried out by the shareholders of Yugra Bank to be insufficient and introduced temporary administration in the bank, - an analyst of the Finam group of companies explained in a commentary to FederalPress Bogdan Zvarich.- As a result, an insured event occurred and the DIA will have to pay funds to depositors of this bank. Under the current conditions, even if a decision is made to reorganize the bank, it is unlikely that it will be transferred to some third party organization or shareholders. Most likely, the reorganization will be carried out through a new mechanism, when the regulator enters the capital of the bank.”

At the same time, experts believe that reorganization is not a sentence, it's all about the price of the issue.

“The question is – what amounts are the shareholders ready to pay and in what terms? It is worth recalling that at one time Lukoil and Gazprom could not save Imperial Bank, - recalled the director of the analytical department of Alpari Alexander Razuvaev. - At one time, one of the most famous commercial banks of the 90s, Tveruniversalbank, went through the procedure of reorganization and financial recovery. Evil tongues said then that the crisis in the bank was artificially arranged by a pool of Russian oligarchs for supporting the candidate from the Communist Party in the 1996 presidential election. Today, representatives of the LDPR faction and United Russia initiated a number of inquiries to the Central Bank of the Russian Federation and the Prosecutor General's Office in order to find out what measures were taken earlier to prevent the current situation with the Yugra bank. We assume that the requests of the deputies will be satisfied, but the real situation with the banks will not be affected in any way.”

Moreover, according to analysts, the system of guarantees for private deposits, adopted in stable years of high oil prices and inflows of foreign investment, is now in urgent need of change.

“It is not very clear how depositors of commercial banks fundamentally differ from holders of bonds, bills of exchange and other debt securities. From our point of view, state guarantees for deposits should only be in Sberbank and, possibly, in other state-owned banks, - emphasizes financial expert Alexander Razuvaev. - In fact, the obligations of Sberbank to the Russians are the sovereign debt of the Russian Federation itself. For a new order of state guarantees, it is enough just to adopt the appropriate changes in the legislation. And the fate of Yugra is, first of all, in the hands of its shareholders.”

At the same time, Alexander Razuvaev is convinced that the probability of revoking the license at Yugra Bank is very high. “Of course, the giants of the banking sector will benefit from this event, since at cost they will be able to access the bank’s customer and borrower database, as well as the network of branches, processing and much more,” the director of the company’s analytical department explained in a commentary to FederalPress. Alpari.

“Revocation of the license or reorganization of the Yugra bank has long been expected by the market. Banks closed the limits on Yugra a long time ago - as of June 1, the bank did not attract interbank loans (interbank loans - editorial note). This bank did not issue bonds as of June 1. Therefore, the collapse of the bank did not cause a domino effect in the banking market, although its size was quite solid - the bank ranked 30th in terms of assets as of June 1 this year. Of course, problems may arise for enterprises that held funds in the accounts of this bank, due to the fact that they have lost these funds, the risk of non-repayment of loans to other banks increases. But here we are not talking about a critical amount on the scale of the entire sector - 36.9 billion rubles as of June 1, ”said the head of the analytical department of BKF-Bank Maxim Osadchiy.

FederalPress will observe and report on the development of this situation.

Bank Yugra, owned by father and son Yuri and Alexei Khotin, apparently had great difficulties. It turned out that the clients of the credit institution cannot withdraw their funds from their accounts. The funny thing is that in different departments the problems are explained in different ways: either by a server breakdown, or by the lack of the Internet. Practice shows that such situations are usually the precursors of bankruptcy. Of course, one should not rush things, but what is happening with Yugra has long been raising many unpleasant questions.

No money but you wait

What is happening at Yugra Bank fits well with the famous phrase attributed to Boris Berezovsky: “There was money, there will be money, but today there is no money.” Several publications at once from their own experience that depositors cannot receive their funds, even if they ordered the issuance of amounts in advance. Employees of Vedomosti in one branch in Moscow were told that the server had broken down, in another they were informed about a planned software update. And in one of the branches near Moscow, without further ado, they attributed everything to the “collapsed Internet”. At the same time, the call center does not know anything about the problems, and the St. Petersburg branch said that the failures affected the whole country.

RBC journalists brought new colors. They decided to check the official message of Yugra that due to technical failures, the work of the offices was extended until 9 pm. But the branch closest to the editorial office was already closed at 18.50, and the announcement read: the bank is working in “consultation mode”. In addition, bank employees said that deposits can be received no earlier than May 2nd. The press service of the credit institution did not comment on such a difference in the testimony, but only stated that on April 25, due to problems with electricity, there was a failure that affected the operation of the software and hardware complex of information systems. It remains only to take the word of the managers - modern technology may not present such surprises. The main thing is that the Central Bank does not participate in this, which tends to disconnect unreliable banks from the electronic payment system, which blocks their work.

In the morning - failure, in the evening - without a license

And such troubles occur, as experience shows, shortly before the license is revoked from the bank. You don't have to look far for examples. Most of the failed financial enterprises before the collapse refused to issue deposits to customers. From the latter: Rosenergobank (one of the first hundred credit institutions) first limited the issuance of deposits, and soon the Central Bank revoked its license and transferred the materials to the Investigative Committee. Now mentally change the word Rosenergobank in the previous sentence to Bank "Education", and get a similar result. And both banks chalked up problems to technical details. Note that this has all happened in recent weeks. We have absolutely no desire to draw such sad analogies with Yugra, but it is impossible not to notice that he has been experiencing serious problems lately.

Last year, Yugra turned out to be the most unprofitable credit institution in Russia, losing more than 32 billion rubles. Only BM-Bank (former Bank of Moscow) showed the worst results, but BM is still undergoing reorganization, therefore it is not a competitor for Yugra in the fight for the title of the most deplorable bank. Reasons for unprofitability on the surface: the Central Bank in "Ugra" a lot of violations, and demanded from the shareholders to urgently capitalize the organization. A little earlier, the regulator sounded the alarm, having found out that Yugra was too actively attracting deposits from the population. The technology is known as a "vacuum cleaner", when the bank raises deposit rates and depositors, of course, carry their money to it. It is known that this organization, which recently moved from Khanty-Mansi Autonomous Okrug to Moscow, has chosen just such a development strategy: the money of individuals makes up the bulk of the bank's assets. Again, there is no desire to call trouble on a bank in the top 20, but it is no secret that "vacuum cleaners" often end their lives with the loss of a license and criminal cases. They are also called "pyramids" - in general, greetings from the 1990s.

On this topic

banking secrecy

It would not be superfluous to recall how the media “leaks” documents that may indicate phantasmagoric violations in Yugra. According to the publications, the Bank of Russia discovered dubious transactions for more than 80 billion rubles. Everything is there, as they like in Russia - loans are issued to affiliated companies at extremely low rates, and after that the money goes to Cyprus. At the same time, borrowers are like shell companies that do not conduct real activities. The media then suggested that the owners of Yugra, Yuri and Alexei Khotin, were making plans for climate change and life in parts of the world remote from Russia.

However, Khotin is no stranger to moving. It is known that they once came to our country from Belarus, and very quickly managed to achieve great success in business here. Transparency, of course, leaves much to be desired. Khotins are the kings of the capital's real estate, the owners of the famous Gorbushka and the Moskva Hotel, the very one that is a step away from Red Square. At the same time, there is not even a confirmed photo of businessmen in the media. They generally conduct business in an atmosphere of great secrecy.

Welcome to your pocket

Bank Khotin constantly tried to make a "good face". What are the plans to enter the stock exchange worth, so far not implemented. And this is quite logical, what kind of publicity can a corporation have with such non-public shareholders? However, for the sake of the IPO, Yugra tried to get a rating from the S&P international agency. According to media reports, she was given such a rating, but the bank considered that it was too negative for him. Then Yugra turned to the National Rating Agency, which gave a more or less acceptable rating for the organization. But, here's the bad luck: this agency did not receive accreditation from the Central Bank at that time, which means that all its ratings at that time were worth nothing. Even though that's not the point. Raising funds in the market can be successful only under one circumstance: it is a reliable company with good results, or a company that will show these results soon. And here, you see, the placement was started by the most unprofitable bank in Russia. What normal investor would trust him with money? And plans for an IPO quickly curtailed.

But this is not the beauty of the moment. A striking feature of Yugra is that the bank, as already mentioned, actively attracted money from ordinary depositors. There is a very recent study by journalists, which shows that the bank has one of the most attractive rates on foreign currency deposits. Deposits of the population in the organization last year reached almost 180 billion rubles. And if the bank bursts, then the state will reimburse a tangible part of this amount from its own pocket. Here it remains only to once again borrow an aphorism from the unforgettable Viktor Chernomyrdin: "This has never happened before, and here it is again."