On 2 November 2012 the Central Bank of the Russian
Federation Makhachkala Dagestan , in the Northern Caucasus . As justification for its decision the Central
Bank stated that the bank’s capital adequacy ratio had fallen below the
statutory limit of 2% and that the level of the bank’s own funds (equity) had
fallen below the established minimum.
Source: Об
отзыве лицензии на осуществление банковских операций (2012-11-02)
According to Art.
20 of the Federal Law on Banks and Banking Activities, the Central Bank
is required to revoke a bank’s license in a number of cases, such as 1) if the
capital adequacy ratio of the bank falls below 2%, and 2) if the amount of the
bank’s own funds (equity) falls below the level of paid-in capital:
(as amended through 2012-07-28)
[...]
Статья 20. Основания для отзыва у кредитной организации лицензии на
осуществление банковских операций
[...]
Банк России обязан отозвать лицензию на осуществление банковских
операций в случаях:
1) если достаточность капитала кредитной организации становится ниже 2
процентов.
2) если размер собственных средств (капитала) кредитной организации ниже
минимального значения уставного капитала, установленного на дату
государственной регистрации кредитной организации. Указанное основание для
отзыва лицензии на осуществление банковских операций не применяется к кредитным
организациям в течение первых двух лет со дня выдачи лицензии на осуществление
банковских операций;
[...]
For the various performance
ratios mandated by banking regulations in Russia
In a possibly
related development, it was revealed on the preceding day, 1 November, that the
Interior Ministry Department of Dagestan was investigating the head of one of
the bank’s branches for having allegedly submitted false documents in order to
obtain 4.26 bln RUB in funds, ostensibly for potential loans to individuals.
According to the database
of the Central Bank, TransEnergoBank LLC was founded in 1994, and since 11 August 2011 has had paid-in capital of
300 mln RUB (€ 7.4 mln). As of 1 October 2012 the bank had the following
levels of deposits and loans (1 EUR = 40.3943 RUB):
Amount in rubles
|
|
Deposits
|
|
- by physical persons:
|
|
Demand deposits
|
107,240,000
|
Maturity 31-90 days
|
700,000
|
Maturity 91-180 days
|
13,550,000
|
Maturity 181 days to 1 year
|
291,940,000
|
Maturity 1 year to 3 years
|
48,815,000
|
Loans
|
|
- to non-commercial
organizations owned by state governments rather than federal gov’t
|
|
Maturity 1 year to 3 years
|
3,000,000
|
- to physical persons
|
|
Maturity 1 year to 3 years
|
1,818,000
|
Maturity > 3 years
|
99,450,000
|
Related:
·
Table of the 12 shareholders of the bank as of
2011-09-14, with a diagram showing relationships among them: Список лиц, оказывающих
существенное (прямое или косвенное) влияние на решения, принимаемые органами
управления банка - ООО «ТРАНСЭНЕРГОБАНК»
·
TransEnergoBank’s website: http://transenergobank.ru/
·
Copy of bank’s certification of participation
in the deposit insurance system as of 10 February 2005 : http://transenergobank.ru/images/lic_big/lic1a.jpg
In a separate order,
on 2 November the Central Bank appointed an interim administration for the bank
until such time as a court may determine the bank to be in bankruptcy and
bankruptcy proceedings may be initiated.
The interim administration will be headed by Ardaev Kamil Maksimovich,
chief economist for the licensing of credit institutions at the Office for
Banking Supervision of the National Bank of the Republic of Dagestan
Source: О
назначении временной администрации (2012-11-02)
Finally, on 2
November the Deposit Insurance Agency (Агентство по страхованию вкладов) recognized
an insured event in the case of TransEnergoBank, and initiated procedures for
effectuating payouts. Payouts will begin
within two weeks, i.e., no later than 16 November 2012, but before the payments
begin the Agency will post on its website and publish in the local press information
about where, when, and how claims can be presented. Because TransEnergoBank was a member of the
deposit insurance scheme (registration no. 621), all deposits by individuals are
insured at 100% up to a maximum of 700,000 RUB (€ 17,330). Amounts that are not compensated by the
insurance scheme will be repaid in the first stage of the liquidation of the
bank.
Source: О наступлении страхового случая в
отношении ООО «ТРАНСЭНЕРГОБАНК» (2012-11-02)
Mark Pleas
[contact]
