Central Bank of the Russian Federation (Bank of Russia)
Press service

107016, Moscow, st. Neglinnaya, 12

On the revocation of the banking license of the credit organization "Krylovsky" and the appointment of a temporary administration

By Order of the Bank of Russia dated 08/02/2017 No. OD-2190, from 08/02/2017 the license to carry out banking operations was revoked from the credit organization Joint Stock Commercial Bank "Krylovsky" (joint stock company) JSCB "Krylovsky" (JSC) (reg. No. 456, Krasnodar ). According to reporting data, in terms of assets, as of July 1, 2017, the credit institution occupied 360th place in the banking system of the Russian Federation.

The basis of the credit organization's resource base was the funds raised from the population. In 2017, the bank pursued an aggressive policy of attracting funds from individuals. The Bank of Russia has repeatedly applied supervisory measures against JSCB Krylovsky (JSC), including twice introducing restrictions and once a ban on attracting household deposits.

During an audit of the cash registers of a number of divisions of JSCB Krylovsky (JSC) carried out by the Bank of Russia on July 26, 2017, a large shortage of funds was identified. The formation of the necessary reserves for possible losses on actually missing assets revealed a complete loss of the credit institution's own funds (capital).

The managers and owners of the bank did not take effective measures to normalize its activities. Moreover, their actions showed signs of dishonest behavior, expressed in the submission of unreliable reports to the Bank of Russia and the withdrawal of assets to the detriment of the interests of creditors and depositors. Information about these facts will be sent by the Bank of Russia to law enforcement agencies. In the current circumstances, the Bank of Russia, on the basis of Article 20 of the Federal Law “On Banks and Banking Activities,” fulfilled the obligation to revoke the license to carry out banking operations from JSCB Krylovsky (JSC).

The decision to apply an extreme measure of influence - the revocation of the license to carry out banking operations - was made by the Bank of Russia in connection with the credit organization's failure to comply with federal laws regulating banking activities, as well as regulations of the Bank of Russia, the value of all equity (capital) adequacy standards is below two percent, a decrease in the amount of equity (capital) below the minimum value of the authorized capital established on the date of state registration of the credit organization, taking into account the repeated application within one year of the measures provided for by the Federal Law “On the Central Bank of the Russian Federation (Bank of Russia)”.

In accordance with the order of the Bank of Russia dated 02.08.2017 No. OD-2191, a temporary administration was appointed to JSCB Krylovsky (JSC) for a period until the appointment of a bankruptcy trustee in accordance with the Federal Law “On Insolvency (Bankruptcy)” or appointment in accordance with Article 23.1 of the Federal Law “On Banks and Banking Activities” of the liquidator. The powers of the executive bodies of the credit organization have been suspended in accordance with federal laws.

JSCB Krylovsky (JSC) is a participant in the deposit insurance system. Revocation of a license to carry out banking operations is an insured event provided for by Federal Law No. 177-FZ “On insurance of deposits of individuals in banks of the Russian Federation” in relation to the bank’s obligations on household deposits determined in the manner prescribed by law. The said Federal Law provides for the payment of insurance compensation to bank depositors, including individual entrepreneurs, in the amount of 100% of the balance of funds, but not more than 1.4 million rubles in total per depositor.

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The Bank of Russia revoked the license that gave the right to carry out financial transactions in the next bank. Now this list includes the joint-stock commercial bank “Krylovsky” from the sunny city of Krasnodar. This happened on August 2, 2017 after the Bank of Russia issued the corresponding order.

Bank history

The year of foundation of this battery is considered to be 1990. It was formed as a small banking structure in the Krasnodar region. As soon as it opened, it immediately became a participant in the state deposit insurance program. The place of registration of the institution was the city of Krasnodar. The bank received a license for its activities under number 456. It was a small bank, and its activities were mainly related to issuing corporate loans and raising funds from individuals.

The head office was located in Krasnodar. In addition to it, 22 branches were located in the region. There was also a branch in Moscow. Krylovsky had the ability to provide a wide range of services. They were associated with lending to corporate clients and attracting funds from citizens in the form of deposits. The department had its own cash service for financial payment transactions.

In total, Krylovsky had 9 physical shareholders and three legal entities. The main one among all shareholders is Mikhail Ruzin. He owns the majority of the total shares, specifically 66.48%. A certain part, namely 6.25%, is controlled by Capital Holding LLC, which also belongs to him.

Financial indicators

According to such an indicator as the size of assets, Krylovsky ranked 338th among all banks that exist in Russia. In June 2017, the indicator therefore decreases by 1 position. Meanwhile, the dynamics of assets is one of the indicators by which one judges how effective an institution is.

It is an indicator of the stability and reliability of a credit organization. In the ranking of deposit volumes, Krylovsky Bank took 256th place. But in June 2017, he was already in 249th place, i.e., there was a decrease by as much as 7 positions.

In terms of the volume of loans issued, the bank was in 464th place among all existing banks in the country. This picture was observed in May 2017. A month later, this indicator decreased by 17 points. Having analyzed the situation, we can conclude that there is a pronounced negative trend in the activities of this joint stock bank. These data cast great doubt on the stability and reliability of the bank in financial terms.

By order of the Bank of Russia dated August 2, 2017, Krylovsky’s license giving the right to carry out financial transactions was revoked. The reason was the results of the audit, which was carried out in individual divisions on July 26, 2017.

Krylovsky Bank website

Since 2017, JSCB Krylovsiy has pursued a very aggressive policy related to financial flows from individuals. The Bank of Russia has repeatedly taken actions related to supervisory response measures to this financial institution. There have been repeated restrictions on attracting such funds. Once there was even a complete ban. Based on the results of the audit conducted on July 26, 2017, a significant lack of finances was identified. Proper reserve stocks were not formed in case of losses. As a result, the moment came when the bank completely lost its own funds.

Revocation of license from JSCB Krylovsky

The inspectors saw signs of dishonesty in the bank’s activities. No measures were taken by management. Moreover, inaccurate reporting was revealed. There was a withdrawal of assets, which infringed on the interests of creditors and depositors. Information regarding this fact has been sent to the relevant authorities. Based on the financial indicators of the credit institution, one can assume that there was a banal theft.

All this was the basis for Krylovsky’s license No. 456 to be revoked.

The situation with payments to depositors

Since this battery was a member of an insurance-related program, all losses will be compensated in accordance with the procedure established by law.

The Deposit Insurance Agency notified clients of the collapsed bank through one of its structural divisions. The Department of Public Relations announced that the insured event occurred on August 2, 2017.

Organizations for issuing insurance compensation were selected using a competitive basis. PJSC Sberbank turned out to be the favorite in the competition. Claims will be accepted for as long as the bank is being liquidated. The process will begin on August 16, 2017. All applications will be entered into a special register.

Insurance compensations will be paid to clients during the period from August 16, 2017 to the same date of 2018, inclusive. Everything will be paid according to the application, which will need to be submitted to the Agency or to a division of Sberbank PJSC, which is on the list of places where insurance will be paid.

The amount of insurance is equal to the amount in the account, but not more than 1.4 million rubles. If the account is represented by foreign currency, then conversion into national currency is carried out as of August 2, 2017.

If there are counterclaims, they are deducted from the amount of insurance. Compensation is issued until the procedure related to the liquidation of the banking institution is completed.

A list of places where compensation payments will be made can be found on the Agency’s portal.
To receive a refund, you must personally appear at one of the indicated departments and present your passport. When visiting, you will need to write a statement. It is written on a special form that will be issued upon visiting the agent bank branch. You can also receive compensation through another person, but this person requires the execution of a power of attorney that has a notarization.

If a former client of “Krylovsky” lives in a place where there are no institutions paying compensation, then the application for this is sent by registered mail to the Agency’s address in Moscow.

During an inspection at the end of July, the Central Bank discovered a large shortage of funds in the bank. An analysis of the formation of reserves for possible losses also showed a complete loss of the bank’s own funds, the Central Bank indicates. The managers and owners of the bank provided the Central Bank with unreliable reports, and also withdrew assets from the bank to the detriment of creditors and depositors. The regulator draws attention to the fact that in 2017 the bank pursued an aggressive policy of attracting funds from individuals. The Bank of Russia twice introduced restrictions and once a ban on the attraction of household deposits by the Krylovsky Bank. A temporary administration has been appointed to JSCB Krylovsky. The powers of the executive bodies of the credit organization have been suspended. According to reports, as of July 1, in terms of assets, the credit institution occupied 360th place in the Russian banking system.

Information for depositors of Bank Krylovsky

Attention

At the moment, Krylovsky Bank has been released from management, which has lost its powers. DIA: payments to depositors of Krylovsky Bank DIA has begun paying insurance payments on deposits to Krylovsky depositors. Today, August 16, 2018, the Deposit Insurance Agency (DIA) begins paying insurance compensation to depositors of Krylovsky Bank, whose license was revoked by the Bank of Russia on August 2.

The total amount of payments to the bank's depositors, including individual entrepreneurs (IP), will be about 8.5 billion rubles. Krylovsky depositors will be able to receive an insurance payment from the agent bank Sberbank, the payment amount is no more than 1.4 million rubles.

Bank Krylovsky license revoked where to get money

Proper reserve stocks were not formed in case of losses. As a result, the moment came when the bank completely lost its own funds.

Revocation of the license from JSCB Krylovsky Inspectors saw signs of dishonesty in the bank’s activities. No measures were taken by management.

Important

Moreover, inaccurate reporting was revealed. There was a withdrawal of assets, which infringed on the interests of creditors and depositors. Information regarding this fact has been sent to the relevant authorities.

Based on the financial indicators of the credit institution, one can assume that there was a banal theft. All this was the basis for Krylovsky’s license No. 456 to be revoked.

Why was the Krylovsky Bank’s license revoked and will people’s deposits be returned?

MOSCOW, August 2. /TASS/. As of August 2, the Bank of Russia revoked the license to carry out banking operations from the Krasnodar joint-stock commercial bank Krylovsky, which is a participant in the deposit insurance system. According to reporting data, as of July 1, 2017, in terms of assets, the credit institution occupied 360th place in the banking system of the Russian Federation, the regulator reports.
According to the Central Bank, in 2017 the bank pursued an aggressive policy of attracting funds from individuals. The regulator has repeatedly applied supervisory measures against Krylovsky, including twice introducing restrictions and once a ban on attracting deposits from the public. During an audit of the cash registers of a number of divisions carried out by the Central Bank on July 26, a major shortage was identified.

Asv: payments to bank depositors Krylovsky

Krylovsky" is a participant in the deposit insurance system. The Deposit Insurance Agency will begin paying depositors no later than August 16, 2017. Each depositor, including an individual entrepreneur (IP), has the right to receive insurance compensation as soon as possible.

Insurance compensation is paid to the depositor in the amount of 100% of the amount of all his accounts (deposits) with the bank, including those opened for business activities, but not more than 1.4 million rubles in total. The amount not compensated by insurance will be repaid during the liquidation of the bank as part of the claims of creditors of the first priority (for individual entrepreneur accounts opened for business activities - as part of the third priority).
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Advertising Banks Loans We are in touch Revocation of the license from the Krylovsky bank There is a possibility that the bank still has some capital, which means we will be able to get our money without any problems. But since this option does not always work, we move on to the next one. The second option is to go to court. This is a better option, although you should not count on 100% results. Here we will need to act extremely quickly, literally at the same moment when we learned that the license had been revoked. They know the practice of such cases and, most likely, will immediately indicate to you the chances of success. Information for depositors of Krylovsky Bank Applications for payment of insurance compensation can be submitted by depositors during the entire period of liquidation of the bank.

The Central Bank revoked the license of the Krasnodar bank "Krylovsky"

A list of places where compensation payments will be made can be found on the Agency’s portal. To receive compensation, you must personally appear at one of the specified departments and present your passport. When visiting, you will need to write a statement. It is written on a special form that will be issued upon visiting the agent bank branch.

You can also receive compensation through another person, but this person requires the execution of a power of attorney that has a notarization. If a former client of “Krylovsky” lives in a place where there are no institutions paying compensation, then the application for this is sent by registered mail to the Agency’s address in Moscow.

Lead the economy

Financial indicators According to such an indicator as the size of assets, Krylovsky ranked 338th among all banks that exist in Russia. In June 2017, the indicator therefore decreases by 1 position.

Meanwhile, the dynamics of assets is one of the indicators by which one judges how effective an institution is. It is an indicator of the stability and reliability of a credit organization.

there is a decrease by as much as 7 positions. In terms of the volume of loans issued, the bank was in 464th place among all existing banks in the country. This picture was observed in May 2017. A month later, this indicator decreased by 17 points. Having analyzed the situation, we can conclude that there is a pronounced negative trend in the activities of this joint stock bank.

Icebreaker construction is actively developing in Russia, and offshore and Arctic fields are being developed. The executive director of the Krylov State Scientific Center, Mikhail Zagorodnikov, spoke about existing projects of new powerful icebreakers, the development of the Arctic, problems in domestic shipbuilding, the development of bunkering with alternative fuels, development plans and other pressing issues in an interview with IAA PortNews.

— Mikhail Alexandrovich, active development of the Arctic is currently underway. In this regard, the possibility of building a leading icebreaker capable of overcoming almost any ice was announced. What role does the Krylov Center play in the creation of such a vessel?

“Indeed, the leading icebreaker will provide year-round navigation along the entire Northern Sea Route, both on low- and high-latitude routes, overcoming ice up to 4.3 m thick. Ice of such thickness is quite rare. Those icebreakers that are currently under construction (with a capacity of 60 MW, LK-60) are not capable of crossing four-meter ice - their icebreaking capacity is just over 3 m.

It is also important that the channel width of the leading icebreaker will be up to 55 m, which will allow it to carry large caravans behind it and lead (hence the name). For comparison, the channel width of the LK-60 is 34-36 m and the transport vessels in the convoy must have a high ice class.

In addition, there is the task of ensuring commercial speed during ice navigation. It is about 10 knots. The leading icebreaker will be able to provide this speed in ice up to 2.5 m thick. The LK-60 icebreakers are not able to do this with such ice thickness.

I note that this vessel will be able to perform a fairly wide range of tasks. For example, it has an enclosed hangar and a large cargo platform. That is, this icebreaker can itself also be a transport vessel.

Currently, the Krylov Center has completed a preliminary design of the leading icebreaker, conducted tests in an ice basin, drawn up a technical design assignment, and now the final hearing on this issue is being held at the ministry. After approval from the ministry, we will begin design, which will take about 3 years.

The estimated cost of building the icebreaker is about 75-80 billion rubles. These are very serious costs associated with the high power of the icebreaker. Therefore, the Krylov Center proposed another version of the icebreaker, which provides a channel width of 62 m and at the same time has a power of 60 MW. For this vessel, which has a multi-hull design, almost all the equipment that is installed on the LK-60 can be suitable. These two projects (leader icebreaker and multihull icebreaker) are not mutually exclusive, but are simply intended to perform different tasks. A multi-hull icebreaker will be more effective when guiding caravans in the Arctic, taking into account the development of the hydrometeorological service, the use of drones, satellites, etc. Thanks to this, it is possible to bypass hummocks in advance, since the ship will not be able to overcome four-meter ice. But at the same time, this icebreaker will also be able to provide a commercial speed of 10 knots with an ice thickness of 2.5 m. The cost of building such an icebreaker will be 50-55 billion rubles. (for comparison, the cost of the LK-60 is about 43 billion rubles). We have currently prepared a preliminary design of a multi-hull icebreaker. This project is of great interest to Rosatom.

— Are you developing any other icebreaker projects?

— Yes, this is a project of a multifunctional shallow-draft nuclear icebreaker with a capacity of 40 MW, Project 10570. Its draft will be 8 m (for leading icebreakers it is 10-12 m). The icebreakers of this project will be able to operate at the mouth of the rivers (Lena, Yenisei, Ob) and are intended to replace the icebreakers Vaygach and Taimyr. Although LK-60 are double-draft, their draft is still slightly larger, and the construction cost is higher. An icebreaker can perform different functions through the equipment of various cargo platforms on it. Thus, it can play the role of anchor handler, transport vessel, supply vessel, maintenance vessel and seismic survey vessel. We have completed a preliminary design and carried out modeling in ice.

— Will such a number of icebreakers be in demand?

— Of course, the country will not be able to build so many innovative icebreakers at the same time. Let's start with the leader icebreaker. But I am sure that the continuation of the construction of the icebreaker fleet is inevitable. Soon, in 2017-18, massive supplies of liquefied natural gas from the Yamal LNG project will begin; by 2020, cargo traffic will amount to 20 million tons. Oil shipments from the Novoportovskoye field have also already begun, and we participated in the design of the corresponding terminal.

It is important to note that gas from Yamal-LNG will flow mainly in the eastern direction, where ice conditions are more difficult than in the western part of the Northern Sea Route.

There are also plans for the development of transportation through the Arctic ports of various cargoes, taking into account the implementation of railway projects for approaches to them (Belkomur, Northern Latitudinal Railway).

The existing icebreaker fleet, even taking into account the icebreakers under construction, will not provide this increasing cargo flow, even if we are talking only about our export cargo, without taking into account plans for the development of transit.

— Is the Krylov Center involved in any way in the Yamal LNG project you mentioned?

— In November-December 2016, the first gas tanker should arrive in Sabetta. In this regard, we, together with the Ministry of Transport, conducted thematic classes, simulated traffic in the port of Sabetta, and practiced the passage of tankers along the main canal. As a result of this work, methods were defined and patterns were identified. Today we are busy finalizing the simulators that will be used to train operations in the port of Sabetta.

— What other offshore projects is the Krylov Center involved in?

— A contract has been concluded for participation in the modernization of Prirazlomnaya, where we have our own scope of work related to ice resistance. We are also negotiating with Novatek on participation in the second stage of the Yamal LNG project. There it is planned to use a different scheme to create a liquefied natural gas plant - it will be located in the water area on concrete pontoons. The platforms will be formed at a plant in the Murmansk region. We expect to participate in the development of transport operations for the delivery of these platforms, in their installation, and issues of ice resistance.

Also, we, together with DAMEN, are designing several ice support vessels for Rosneft.

— How do you assess the cooperation of the Russian shipbuilding industry with foreign companies and the prospects for localizing production necessary for the industry?

— There are isolated cases of joint technological projects with foreigners, but there is no mass exchange of technologies. Rather, we buy individual finished products from them, for example, electric propulsion systems, diesel generators, steering columns, and individual elements of power electronics. But gradually in Russia this is being replaced. In any case, the production of mechanical rudder propellers has already been mastered (at the Zvezdochka enterprise). By the end of 2016, we expect orders to develop electric rudder propellers.

— Does the Krylov Center participate in the development of projects to provide ships with alternative fuels (LNG, etc.)?

— As is known, engines using alternative fuels have already been developed and are successfully operating around the world. We, for our part, propose to create liquefied gas bunkering vessels for the Baltic. We have relevant developments. We consult interested companies. But so far there are no specific projects with funding for them.

— What, in your opinion, are the main problems of domestic shipbuilding, what measures need to be taken to solve them?

— The main problem is organizational. I don’t see any other insoluble problem, not even a financial one. For example, if we continue the topic of the same bunkering companies, we know that new standards for emissions of harmful substances from ships in the Baltic are beginning to be applied. In my opinion, our companies and organizations needed to meet and develop a plan to enter the alternative fuels market. There are factories in Russia, there is a resource, and a sufficient number of ships connected with Russia sail in the Baltic. As a result, many shipowners could become our clients. But to do this, you need to draw up a program, come to an agreement with the main players, provide funding and resolve this issue. It is also impossible to do without the state; certain preferences are needed. The situation is similar in the shipbuilding industry itself. This is a control system problem.

Another problem is low labor productivity. How many years have we been talking about the need to build a dock in St. Petersburg for the construction of ships from saturated blocks? We build from sections on an inclined slipway, in the rain and snow. What kind of labor productivity can there be?

But I should also note that the face of the shipbuilding industry in Russia is changing - competition is growing, independent shipbuilding enterprises and holdings are developing.

— If we talk about shipbuilding projects, the largest today is the Center for Large-Tonnage Shipbuilding based at the Zvezda plant. Is the Krylov Center involved in this project?

— We are participating in the creation of a line of ships for construction at this shipyard, conducting modeling and testing.

— What are the priority directions for the development of the Krylov Center in the coming years?

— First of all, we need to complete the formation of the Arctic Center as a world-class center of competence.

Another task is to fulfill the government’s instructions to change the organizational and legal form of the enterprise, since federal state unitary enterprises should cease to exist in 2018. Most likely, the Krylov Center will become a Federal Autonomous Institution (FAI). This will allow us to provide our testing facilities to all interested market participants at pre-agreed prices.

During an inspection at the end of July, the Central Bank discovered a large shortage of funds in the bank. An analysis of the formation of reserves for possible losses also showed a complete loss of the bank’s own funds, the Central Bank indicates.

The managers and owners of the bank provided the Central Bank with unreliable reports, and also withdrew assets from the bank to the detriment of creditors and depositors.

The regulator draws attention to the fact that in 2017 the bank pursued an aggressive policy of attracting funds from individuals. The Bank of Russia twice introduced restrictions and once a ban on the attraction of household deposits by the Krylovsky Bank.

A temporary administration has been appointed to JSCB Krylovsky. The powers of the executive bodies of the credit organization have been suspended.

According to reports, as of July 1, in terms of assets, the credit institution occupied 360th place in the Russian banking system.

Payment on deposits

Krylovsky is a participant in the deposit insurance system. The Deposit Insurance Agency will begin paying depositors no later than August 16, 2017. Each depositor, including an individual entrepreneur (IP), has the right to receive insurance compensation as soon as possible.

Insurance compensation is paid to the depositor in the amount of 100% of the amount of all his accounts (deposits) with the bank, including those opened for business activities, but not more than 1.4 million rubles in total.

The amount not compensated by insurance will be repaid during the liquidation of the bank as part of the claims of creditors of the first priority (for individual entrepreneur accounts opened for business activities - as part of the third priority).