Bank "National Credit", problems which culminated in 2014, came into existence in 1993. His first name "Shark" in 2000 was replaced by the "People's credit".Back in 2008, the financial institution has stepped up the procedure for changing the legal form.Limited Liability modernized joint stock company in 2009. In December 2010, the bank "National Credit", reviews of which had previously been very positive, bought 25% of shares of "Bank of Khakassia."A little later, the number of shares was increased to 76%.By 2011, the financial institution license Khakassia was fully canceled in connection with the merger.The bank "National Credit", problems which began because of the low liquidity, controlled Anton's family.
brilliant past
Bank operated under license from the Central Bank and was a partner of Moscow.The financial institution was a member of the Association of Russian Banks and the party structures of deposit insurance.Its registered share capital of the company was 1.8 billion rubles.The size of equity capital was equal to $ 4.2 billion.The Institute had the title of associate member of international payment systems VISA Inc.and Mastercard WW.Previously, the rating agency has always acknowledged the solvency of institutions and assigns it to a category A in accordance with national scale.
just two years before it began to appear reports that the bank "National Credit" is closed, the organization was awarded the "Financial Olympus".The structure of the regional network consisted of 9 main branches and some 35 additional offices.There were times in the history of the Institute, when he had not even fought for the tender on the state.Tight credit policy in the best of times allowed to reach the enormous liquidity.
What happened with the bank recently
In the last year the financial institution working under the instruction of the Central Bank, which limited the attraction of deposits of physical persons.This order was received in July 2013.Also, in addition to the limitations urged the CBR to activate all reserves to meet its obligations to depositors.Attention is drawn to the fact that the financial institution itself has never pursued an aggressive policy to attract deposits.Such measures have been taken as a result of the low liquidity of the institution.
first signals to the trouble
first malfunction was due to the fact that the bank "National Credit" began issuing deposits outside the regulation.When investors began to arrive for their deposits, they were informed about the daily limit of the Institute in the amount of 25 thousand rubles.People were not able to get your hands on all contribute in one day.We had to walk for weeks.Nevertheless, in comparison with other financial institutions, which have refused to make the payment at all, on the eve of bankruptcy of the bank "National Credit", comments which have always had a positive connotation, almost fully complied with its obligations.Despite the crisis, the workers call center steadily respond to all the questions and provide detailed information to each client.To avoid material collapses, bank employees are constantly notify clients that suspended some payments, and most accounts are not supported.
Attempts to rectify the situation
In an attempt to remedy the situation of JSC "Bank" National Credit "trying to increase liquidity by lowering interest rates on loans.The "folk" has become incredibly affordable.In the presence of collateral or guarantor interest rate on loans up to one year was only 16%.If the duration of the loan from one year to three years, the interest rate would be equal to 17% per annum.If the duration of the loan over three years, the rate on it was administered at a rate of 18%.Loans are available for customers who had no collateral or guarantor.However, in this case the interest rate was raised to 18%.When you run the partnership from 1 year up to three years, the interest rate would be 19% per annum.If the client has decided to take a loan for a period of five years, the percentage of the loan would be 20%.It offers to act in all departments, including in the city such as Abakan.The bank "National Credit" did not save even a desperate decision: the liquidity situation has not changed.
What decision was based on the elimination of the license?
decision to liquidate the license was made on the basis of reports of the new administration.The information said that the bank "National Credit" is experiencing the problem is not small due to the tightening of the credit to 50%, and the instant liquidity ratio was about 15%.The financial institution does not apply for state aid in connection with the fact that at the time held talks with investors, intends to make a contribution in the amount of $ 100 million.
beginning of the end
Following allegations by the NBU clients of "Bank" National Credit "about the impossibility to fulfill its obligations, the financial institution has been appointed interim administration.Beginning October 1, 2014, the interim administration conducted a financial analysis of the situation.In fact the total loss was recorded administration of personal capital.It was decided that to restore the solvency of the structure is not possible, and any infusion from the government will not make sense.The results of evaluation of the situation Provisional Authority became powerful grounds for termination of activities of the financial institution, the bank "National Credit."Revoke licenses only when an institution is no longer able, even with financial support from the government during the year to perform its obligations to depositors and creditors.The circumstances exactly accordance with the law.
Jobs rolled down an inclined
Immediately after the brilliant performance of liquidity the bank "National Credit" began to experience the problem is not small, in spite of the conservative activity, reflected in the service projects of housing and communal services.Loans to individuals accounted for only 3% of the loan portfolio, the dominant assets with a share of 70%.The funds of individuals accounted for only 23% of liabilities.The remaining funds for corporate customers' accounts amounted to only 22% of the capital.On stocks and bills of domestic banks accounted for only 19% of net assets.On the interbank market institution in most situations, it acted as a donor.With a high degree of concentration of assets to liabilities of an enterprise had low profitability.
Reduction statistics
According to statistics from the National Rating Agency, the bank "National Credit", which revokes the license due to low liquidity in 2010 was a net profit of 20.9 million rubles.In the previous year the figure was considerably larger and amounted to 107.2 million rubles.This situation has lowered the bank at 149 in the ranking, and attracted the attention of the Deposit Insurance Agency.Declines observed in all offices and small branches, was no exception and the city of Abakan.The bank "National Credit" began to lose ground, although outwardly nothing foretold troubles.
Rational completion stories
Bank "National Credit" closed without reason.In addition to the lack of liquidity, the interim administration has learned that the price of assets of a financial institution no more than 14.121 million rubles.With regard to the obligations to depositors and creditors, they are of the order of 16 854.8 million rubles.The reason for this discrepancy is hidden to issue pre-non-performing loans, which amounted to 10.2 billion rubles.Moreover, it was recorded the purchase of illiquid promissory notes in the amount of 1.8 billion rubles from the companies whose addresses are listed in the documents do not correspond to reality.There has been a disposition of the property of a financial institution in the amount of 0.2 billion rubles.From the regulator were reports that the management conducted their criminal operations.The result of these manipulations is more than obvious, and positive developments should not have expected.Despite the fact that the majority of investors back their savings in part, it left quite a number of those whose loss would compensate the insurance agency in the established rules of operation.
