The ex-President of the Bank “Globex” was arrested on suspicion of embezzlement

Arrested in Moscow Vitaly Vavilin is accused of embezzlement in especially large size. According to “Kommersant”, it is suspected that he made unjustified loan of €15 million, the company the brothers Ananiev

Vitaly Vavilin

(Photo: Vitaliy Belousov / RIA Novosti)

Basmanny court of Moscow satisfied the petition of the Main investigation Department of the Investigative Committee (SK) on the detention of the former President and Chairman of Board of Bank “GLOBEKS” Vitaly Vavilina, reports “Kommersant”. According to the publication, the banker charged with embezzlement in especially large size (part 4 of article 160 of the criminal code), under arrest and he will remain at least until 14 January 2019.

In a press-service of the Basmanny court of RBC confirmed the arrest of Vitaly Vavilina.

According to “Kommersant”, the investigation Committee opened a case against Vavilina in connection with the statement submitted by the representatives of the Bank “Globex”, which he left at the end of 2016. From the statement of the Bank should, before leaving the “Globex”, Vavilin lobbied for the grant of a loan of €15 million controlled by brothers Alexei and Dmitry Ananyev company “Group “Technoserv”. The Bank argued that the money was not returned.

“FC Opening” gave the Bank a bad debt assets of almost 440 billion rubles.

“FC Opening” gave the distressed and non-core assets 438 billion rubles in bad Bank debts. Among these requirements are the former owners of the Bank, Utair group of companies is Alexander Mamut, the bankrupt “Transaero” and SU-155

Photo: Alexey Zotov / TASS

JSC “Bank “Opening Special” on November 15, attached to the Bank “trust”, told RBC Chairman of the Board of “Trust” Alexander Sokolov. The balance of “special” Bank “FC Opening” moved its distressed and non-core assets 438 billion.

According to Sokolov, JSC “Bank opening of the Special” will last one day only for the disposition of non-core assets “FC Opening” and created on the basis of “Trust” Bank non-core assets (SUA).

“FC Opening” transferred the rights of claims on distressed and non-core assets by around 200 of its customers. “A significant part of these requirements — to the “Discovery Holding” (the former majority shareholder “FC Opening”. — RBC), the group of companies is Alexander Mamut, airlines Utair and “Transaero”, SU-155 [the bankrupt developer] and so on,” — said Sokolov. What are these requirements, head of “Trust” is not explained.

Experts reported about large-scale hackers ‘ attack on Russian banks

According to Group-IB, phishing emails disguised as official communications of the Central Bank, received on Thursday more than 50 Russian banks. In “Kaspersky Lab” called the sending part of a targeted attack hacker group The Silence

Photo: Luke MacGregor / Bloomberg

Thursday, November 15, experts Group-IB company has recorded a mass mailing malicious emails sent by cyber criminals in several dozen Russian banks under the guise of official reports of the Central Bank.

“Letters with the theme “information of the Central Bank of the Russian Federation” offers to the recipient to read the ruling of the regulator “On the unification of the format of electronic Bank messages of the Central Bank of the Russian Federation” and to proceed immediately to the execution of the “order”, — stated in the message of Group-IB.

The company explained that the style and design of phishing emails was almost identical to the official communications of the Bank of Russia, however, was sent with a fake address of the controller.

Dim sum-placement: why “RusHydro” is offshore yuan

“RusHydro” became the first 2014 Russian Issuer to place bonds in offshore yuan. The company took 1.5 billion yuan under 6,125%. In Russia it was possible to take cheaper, but RusHydro overcharged for access to the Asian market

Photo: Alexey Filippov / RIA Novosti

Energy company “RusHydro” became the first Russian non-banking the borrower, which has issued “dim sum bonds” — Eurobonds denominated in offshore Chinese Renminbi (in circulation outside the Chinese mainland). As stated in the message of the company, the volume of placing of three-year Eurobonds amounted to 1.5 billion yuan (14.4 billion rubles), the rate of return — 6,125%.

Previously, Russian borrowers such Eurobonds were placed only banks — VTB, Gazprombank, Russian agricultural Bank and Bank “Russian standard” (six issues for a total of 6.75 billion yuan). The last location of the “dim sum bonds” held in the winter of 2014, the Issuer was Gazprombank. To date, they are all repaid.

Asian investors bought more than 82% of the Eurobonds ‘ issue of RusHydro, the Russian investors — 17% of the papers. The placement was organized by Gazprombank, JP Morgan and “VTB Capital”. The funds had 69% of the issue, banks bought 31%, said the head of debt capital markets “VTB Capital” Andrey Soloviev. He added that during the placement the volume of the order book at the height amounted to 2.5 billion yuan, so the benchmark yield was twice dropped from the original 6.25% to 6,125–6,15%, and then to the final 6,125%.

Nabiullina called methods of dealing with risks to financial stability

In the amplification of external shocks, the Bank of Russia to cope with them and prevent, if necessary, risks to financial stability, says Elvira Nabiullina. As the Central Bank plans to do this, she told the Congress in Kazakhstan

Elvira Nabiullina

(Photo: Evgeny Reasonable / statements / TASS)

Chairman of the Russian Central Bank Elvira Nabiullina said that with the possible strengthening of external shocks, the Bank of Russia, in its opinion, will be able to locate risks to financial stability. This position it expressed at the Congress of financiers of Kazakhstan, reports “RIA Novosti”. During his speech, the head of the Russian Central Bank also said the regulator plans to deal with possible difficulties.

“We have already used these tools and sure that you will be able in a timely manner to stop the risk of financial stability in a situation the possible increase of external shocks”, — said Nabiullina.

For example, one of the tools to maintain financial stability in Russia, said the head of the Central Bank, was suspending purchases of foreign currency in terms of the budget rules.

The Ministry of Finance placed OFZ in the background data about the delay of new sanctions

The Ministry of Finance for the first time in a month placed the declared volume of Federal loan bonds (OFZ) — two issues to 10 billion rubles. location of the public debt was helped by the information that the decision about new US sanctions against Russia delayed

Photo: Ramil Sitdikov / RIA Novosti

The Ministry of Finance in the course of the auction 14 Nov placed all planned volume of debt — two issues of Federal loan bonds (OFZ) for 5 billion rubles each. The volume of demand of the first issue maturing in November 2022 amounted to 12.2 billion rubles for the issue maturing in December 2021 — 15.5 billion rubles. Weighted average yield of longer bonds (floating coupon) was 7.86% per annum, and the shorter of 8.43%. It went without a prize.

Today for the first time since 22 Oct OFZ average yield came to 8.74%, according to the index of government bonds RGBI. In the last 20 days, they, on the contrary, have grown on negative sanctions rhetoric from the United States from 8.44 to 8.89% (to 13 Nov).

The head of the IMF called on Central banks to think about the release of their digital currencies

According to Christine Lagarde, the world is changing fast and money needs to change with it. The head of the IMF is confident that Central banks can provide modern digital economy safe and comfortable with digital money

Christine Lagarde

(Photo: Andrew Harrer / Bloomberg)

What is happening in today’s world change is change and the role of money, the demand for cash is declining rapidly, and it is possible that in some 20-30 years to pay them would be virtually impossible, warns the head of the International monetary Fund (IMF) Christine Lagarde. Speaking at the FINTECH conference in Singapore, Lagarde urged Central banks of different countries already, to think about issuing its own digital currency.

“We are the world of information, where data has become the “new gold.” And this means that the money itself must change. We expect that they will be more comfortable, perhaps even, will look not so serious. We expect that they will be integrated with social networking, available online and suitable for payments between individuals, including micropayments. And, of course, we expect that all this will be cheap, safe and protected from criminals and prying eyes,” said Lagarde.

According to her, the Central banks must be ready to fill the gap arising from the withdrawal from the market of cash, because only the state can provide a digital economy is not just convenient, but also guarantees the safety of users and society as a whole money. In particular, according to Lagarde, issued by the Central banks digital currency in the digital world could be “cheap and effective” alternative to payments by large private companies, and to prevent monopolies.

The Central Bank revoked the licenses of two banks of the top 300 and top 500

The regulator has forbidden to carry out operations of the MIND Bank, which in terms of asset size is 293 th place in the Russian banking system, and regional joint-stock commercial credit institution “Moscow” (431 -)

Photo: Alexey Zotov / TASS

The Bank of Russia withdrew the license of the credit organization “MIND Bank”, held at the beginning of November by total assets 293 th place in the banking system of the country. In addition, the regulator imposed a ban on operations in terms of regional joint-stock commercial Bank “Moscow”, which, according to statements of 431 took place in Russia.

Explaining his decision regarding the MIND-Bank, the regulator indicated that the credit organization took unfair the decision, namely the conduct of the transaction for the withdrawal of liquid assets to the detriment of the interests of creditors and depositors. Information about these operations, the Central Bank promised to send to law enforcement agencies, since they have signs of violations of the Criminal code.

In addition, the Bank:

Why the Central Bank intends to withdraw the savings Bank from-under restrictions on the mortgage

The Central Bank will ease restrictions on issuing mortgages with a down payment of 20% for banks, evaluating credit risk based on internal ratings. For a benefit claim savings, it will allow him unlike competitors not to raise rates

Photo: albert Garnelis / TASS

Central Bank develops a normative act, relevant to the particular application of the limits on mortgages with low initial payment (less than 20% of the loan amount) for banks that use the approach to calculation of credit risk based on internal ratings (ISD), told RBC in the press service of the regulator.

Its necessity stems from the fact that in the internal rating models of banks risks inherent in the allowances of the regulator may be partially taken into account, noted in the TSB. The only Russian Bank, which the Central Bank a year ago was allowed to go to PVR, Sberbank.

Indulgence for sensitive borrowers

S&P experts predicted the saturation of the market of retail loans

The growth of retail lending in 2019 will slow down due to saturation of demand and increasing rates, analysts predict S&P. But banks will still be more profitable to lend to people: on the corporate market in particular there are no prospects

Photo: Alexander Artemenkov / TASS

The retail lending market in Russia, demonstrated in the last two years, significant growth is nearing the saturation point, analysts of rating Agency S&P. Although the volume of issuance of mortgage and consumer credits in 2019 will continue to grow, the rate of growth will gradually slow down to 15-18%, said the study S&P Global Ratings. By the end of 2018 retail lending will grow by 20-22%.

To limit the growth of volumes of crediting of the population, according to S&P will contribute to the following factors:

  • gradual saturation of the demand for loans from consumers;
  • the weak dynamics of growth of disposable income;
  • adopted by Central Bank measures to curb growth of consumer lending;
  • the absence of factors that could lead to the rapid decline in interest rates.

The situation has changed