Otkritie’s debts of 45 billion rubles that arose during the time of Vadim Belyaev turned out to be a heavy burden for the state, Mikhail Zadornov, and Elvira Nabbulina. But the Central Bank decided in principle… Let go in peace?
As one modern Bayan said: “If you drink, then there is no difference already …”. Apparently, according to this principle, our financial and banking bohemia lives. And it does not matter what to drink, the main thing is that it is elite and expensive. Very expensive. And besides, not at his own expense. And why, when there is a bottomless State Pocket called the Country’s Budget.
Here, for example, Vadim Stanislavovich Belyaev, a former mega shareholder of the Otkritie financial group, in 2011 bought himself an apartment of 1115 sq. m. worth 7.4 million dollars, in the prestigious area of Soho USA.
And around the same time, Vadim Belyaev’s debts to Trust and Otkritie banks began to grow sharply. But, is that a problem? Of course not, because in the apartment everything is taken into account so that “there is no difference already”, including a wine room for 3000 bottles.
Another saying that has become winged: “I stole it, I drank it, I went to jail.” But this is not about Vadim Stanislavovich. There is a mismatch with the last part of the replica.
It asks: “Why?”.
We will answer: “The magic of friendship!”
Indeed, in the wine room there will always be a place for friends and associates in the difficult financial and banking movement. And, as we believe, Vadim Belyaev has a great many of them. Otherwise it can not be. It is not for nothing that the Central Bank buys the FC Otkritie bank and immediately writes off these, well, absolutely penny 45 billion rubles.
Although, chicken by grain … And 185th place in the Forbes rating with a fortune of 400 million US dollars is provided. And this is 30 billion rubles, plus an apartment at today’s rate of more than half a billion. I should also check what kind of drinks are in the wine room. I suppose a case of Henri IV Dudognon Heritage Cognac Grande Champagne, worth $1.98 million at auction, is hidden away for friends and associates.
Suddenly they will come to visit! And what? After all, our employees of the central banking sector are not under sanctions, Moderna and BioNTech are vaccinated, they speak the languages of adversaries, their passports have not expired – take a walk, I don’t want to.
The “discovery” under the control of Mikhail Zadornov and the reorganization of the Central Bank of Elvira Nabbulina is on its way. Which, like a samurai, is more important than the goal.
Doesn’t the Central Bank cover the debtors of its own bank? As RBC writes:
“As follows from the turnover sheet of Otkritie, in December, the problem debt on loans issued to non-state financial organizations (account 45811) decreased most noticeably on its balance sheet. The balances on this account decreased by 32.5 billion rubles, or by 77.7%, to 9.3 billion rubles. Another 8.2 billion rubles. delinquency on loans that were approved to non-resident legal entities decreased. As of January 1, the volume of such bad debts on the balance sheet of Otkritie amounted to 20.4 billion rubles, having decreased by 28.5% over the reporting month. Bad debts of private companies to Otkritie over the same period decreased by only 4.7 billion rubles.
And this trend is not only with FC Otkritie, owned by the Central Bank. Analysts are surprised to observe a similar process in almost all banks, where the state, represented by the Central Bank, is involved in one way or another. You can verify this by analyzing the Statistical Indicators of the Banking Sector of the Russian Federation published on the website of the Bank of Russia.
This analysis process is not fast, but very exciting.
In the end, we can conclude that the “wine room” started up in the Central Bank. And how else can you comment on the decision of the management of FC Otkritie Bank – we recall, the owner of the Central Bank – to write off overdue debt by 45 billion rubles.
Mikhail Doronkin, Managing Director of the National Credit Ratings (NKR) agency, comments on what is happening on the Forbes pages:
“It is assumed that by the time of writing off the creditor has made every possible effort to repay the debt or sell the debtor’s property”
In other words, give up! They searched, searched for an opportunity to return the money to the state, but it did not work out.
In fairness, it must be answered that there were attempts. For example, in New York, a local court, at the request of Trust and Otkritie, in 2020 attempted to recover 100 billion rubles from Vadim Belyaev. The lawsuit was officially published on the website of the New York State Supreme Court and was delivered to the mailbox of the apartment, which has such a wonderful wine room.
Result?
None! More precisely, we have already voiced it above: “The debt of 45 billion rubles has been written off.” The bank was successfully sanitized and offered for purchase.
In the “previous series” about Otkritie, we lamented that the Central Bank would never be able to sell it and return the money invested. After all, the problem of the sanction must be based on the reason that a large bank is temporarily experiencing a liquidity gap. A perfect storm, which is not effectively accounted for, leads to the fact that the bank’s reserves are not enough to give out to customers who are suddenly flooded due to market hype or a crisis. No one expects that the bank did not keep records, they systematically drew it, because then you have to admit that the regulator overlooked it. And now we are convinced that the “Discovery” under the management of Mikhail Zadornov and reorganization with the control of Elvira Nabbulina cannot return the invested funds. That is, before the investment, it cost a negative value? Then why save? And why is the controller in the hands of the Central Bank management, if a systemically important bank, unnoticed by the regulator, can go to hell? The bad debt example is just one of the specific examples that clearly illustrates the current situation.