"SMP Bank" is considered untouchable by the bank that can do anything with him, no one will ask its shareholders due to friendship with Arkady Rotenberg President. "This is totally wrong idea of ​​the work of any business in Russia. We follow all the laws of Russia, as well as our shareholders, Arkady and Boris R. R., - responds to this Artem Obolensky. - This is an amazing idea that "SMP Bank" is a kind of oasis, where you can do whatever you want. We largely have a harder, every step carefully studied its competitors, ill-wishers. "

In January of this year, Arkady Rotenberg has left the board of directors "SMP Bank", entrusting the strategic management of the banking group Obolensky. Obolensky began working with Rothenberg as soon as he moved from the US to Moscow, is on the board of directors of companies in which they participate as shareholders, and so on.

The "SMP Bank" Obolensky runs from 2003 year and a half ago, "SMP Bank" engaged in sanitation MOSOBLBANK. In an interview with "Vedomosti" Obolensky said with some workof encounter with the rehabilitation MOSOBLBANK why the band decided not to participate in the rehabilitation of "Uralsib", as well as how it is going to provide almost 2-3 times the growth of the banking group's business, which purchases and why you should wait, and what - no.

- There is an opinion that "SMP Bank" engaged in sanitation MOSOBLBANK to get almost free money for their support in terms of sanctions.

- A decision on reorganization adopted the Central Bank and the DIA. The "SMP Bank" has been selected as a sanatorium. We have not given up. The numbers, of course, astronomical, and they are dazzling. But we must understand that we are not allowed the mass panic of depositors in the banking market. It was only in the first 3-4 months, given the population of about 60 billion rubles. And when it became clear that a hole of about 40 billion more, we had about eight months to agree a new number, while continuing to pay off depositors and charge interest. And objectively estimated number was about 180 billion rubles., Not 172.

- Central Bank recently approved a recovery plan MOSOBLBANK. What are the target parameters and the ultimate goal of it opGödel?

- When we went into the rehabilitation process MOSOBLBANK year and a half ago, the bank was in a deplorable state. It was large enough mechanism to collect the money of depositors, but not lending to anyone else. We have reduced its branch network from 600 to about 100, the number of employees - from 8000 to 2500. The administrative expenses, we were able to reduce from 1 billion to 300 million rubles. per month. At the same time engaged in increasing profitability. MOSOBLBANK and financial results for the first nine months of 2015 exceeded 5 billion rubles. The bank began to study classical business, launch new programs for large corporate, small and medium-sized businesses. Starting sanitation MOSOBLBANK, we understand that for the balance is approximately 350,000 retail deposits. Together with the Central Bank and the Deposit Insurance Agency, we were able to fulfill all its obligations to citizens and corporate clients.

- When did it happen?

- To a greater extent in 2014. This year, the outflow of deposits was mainly associated with the closure of offices. But we were able to change the trend. By the early rehabilitation of the volume of deposits amounted to 96 billion rubles., The minimum was reached in June this yearfigure of 47 billion rubles., but today the figure has risen to 57 billion rubles. Mosoblbank slowly gaining momentum.

- On what basis compartment closed?

- Viewed, whether profitable business, what is the potential for additional offices, where there is overlap with the mesh "SMP Bank". But mostly closed unprofitable units.

- And the "SMP Bank" all profitable?

- Some more profitable, some less. But there is a situation where they are losing their polls, like MOSOBLBANK.

- Retail unit "SMP Bank" for the first nine months was a loss of 1.9 billion rubles.

- This is the difference between interest paid on deposits and interest received on loans. Given the difference between the loan portfolio and the deposit, it is quite a normal figure.

- But net profit "SMP Bank" less than 700 million rubles. - Almost three times less than the year before.

- Now the hard times in the economy and in the banking business. Therefore, certain profitability indicators are not entirely reflect the real situation or the potential of the bank, when everything is more or less normal.

- Few can boast such a high income, the Mosoblbank.

- Moreover, at the end of the year we expect a net profit in the region of 10-12 billion rubles. To perform a financial recovery plan, and to return 172 billion rubles., We must make each year at least 10 billion rubles.

- It's real?

- Well, the first year is over, we can show a financial result. And so we have to work 10-12 years. Therefore, to say that this is free money, and everything is very easy and wonderful, I can not be honest.

- 5 billion rubles. - Real profit, not paper?

- It really is to make a profit from the bank's operating activities, which we are accountable to the DIA and the Central Bank. Because according to the plan of readjustment in 12 years we will have to return 172 billion rubles., Which have been allocated for rehabilitation, to restore capital MOSOBLBANK and bring it to normal.

- Why almost twice increased the volume of loans for sanitation and a two-year period?

- When the Central Bank and the DIA select "SMP Bank" as a sanatorium, the information on the current situation MOSOBLBANK, representationtion of its previous owners, was confusing and opaque. The deficit of net assets was set at 57 billion rubles. Another 12 billion rubles. needed to increase capital. But from May to October 2014, together with the Central Bank, ACB, we have inspected the financial situation MOSOBLBANK with KPMG - an assessment of the current state. And it turned out that they were properly reflected not only a commitment, but the assets themselves. A hole the size of 106 billion rubles.

- But you are given 172 billion rubles.

- Simple logic. We must not only ensure that all obligations to depositors, but also to return all the money to earn. The exact figures of the Central Bank is counting on a special formula, the method of discounted cash flows. [The formula] put a period determined by the discount rate of 11%, the minimum lending rate to 0.51% - and the result is displayed.

"No violations were not"

- Remediation MOSOBLBANK - the largest project "SMP Bank". Are you satisfied with the result?

- Yes. We achieve the required yield, under which undertook the obligation for remediation. We FINEized business and carried it to restart. We are supplemented with state MOSOBLBANK professional staff. Everything goes according to plan.

- The former employees were not good?

- Unfortunately, the level of qualification of these people was very low. Braley janitors, people who have no financial education or work experience. They taught only how to attract money into deposits. Banking they did not know at all. Therefore, it is for us, in fact, working with a clean slate.

- What will be the basis of the resource base MOSOBLBANK?

- While it is quasi-money. But the banking business will continue to grow because we are slowly starting to increase the volume of retail deposits, involve liabilities from corporate borrowers. Plus we plan to significantly increase commission income MOSOBLBANK.

- Due to what?

- First there is, in fact, was the only system of payments in rubles and foreign currency, and network. We are beginning to introduce new products and services, making Mosoblbank in real working universal bank. We plan to improve the quality of cross-selling, margin of the bank. When the mlend a corporate client, we can offer it to employees mortgage and consumer loans, loans for cards, safe deposit boxes, currency exchange operations, operations with precious metals ... That is a full range of services.

- What are the biggest MOSOBLBANK customers.

- Large market and iconic yet.

- Mosoblbank became a settlement bank of "Stroygazmontazh" (SGM) in violation of the established order, according to experts. He will be accompanied by state contract for the construction of the bridge Kerch, which is tens of billions of rubles. Why not "SMP Bank"?

- One of the main reasons for such a decision - whether to return money received for refurbishment. Mosoblbank under this contract will be able to earn money and improve their profitability. At the disposal of the government, which SGM appointed general contractor, it stated that the bank selection is done by agreement with the customer. It is not said that the bank must meet certain requirements. This can be a special order, defined on the basis of the current problems. Therefore, violationstions were not in the choice of the settlement bank SGM.

- Employees of SGM will be payroll clients MOSOBLBANK?

- I do not think everyone will. But I hope that we will be able to provide many beneficial services. As a rule, the level of cross-selling - it is always a two-way street. We offer credit to customers within its range of services, they can choose. Some employees will move from SGM "SMP Bank" for services in Mosoblbank. We expect contractors SGM will also lend Mosoblbank.

- Most of the portfolio of securities, including currencies, you also sold MOSOBLBANK to give him earn a foreign exchange revaluation and coupon income?

- Of course.

- Other major contracts and projects planned to translate?

- If we talk about state contracts - probably not. The team is working to attract large clients to the bank. Let's see how well they do it.

- How do you see MOSOBLBANK niche in the corporate sector, for whom it can be attractive? After all, he or cleaned, the parent bank & ndash; under sanctions, tough competition in the market and the situation is not the best in the country.

- We were able to virtually unify the line between the two banks, two platforms. This means they offer the same quality for products, maybe a little different conditions. Russia - a great country, but in the current situation, especially the business needs to be supported. For example, in the Far East, we consider projects Fisheries lending.

- Every day between MOSOBLBANK and "SMP Bank" are transactions in the tens or even hundreds of billions of rubles, often mirrored. What is their economic sense? It looks like some kind of scheme.

- It's routine work of the two banks the same group. Transactions focused on liquidity management, the regulation of foreign exchange position and the removal of currency risks for the group. This Mosoblbank has no output on the currency and stock markets, and can make transactions with securities only through the "SMP Bank". It swaps or switch to perform transactions with currency valuables and securities. no no schemes, as well as profits flow from one bank to the othergoy. It is unacceptable.

- I hope, otherwise it would be a withdrawal of assets.

- We must understand that not only deals with Mosoblbank accompaniment rather large government contract. Sama rehabilitation procedure implies that at some point fit colleagues, for example, the prosecutor's office. Will ask questions. I am more than confident that the Accounting Chamber will in the foreseeable future, to check how the money is spent, earn money ...

- You check?

- Yes. Law enforcement agencies in the framework of the existing criminal cases we are asked comparable questions. Ask how you: why do you give so much money?

- You, too, telling them about the magic formula of the Central Bank?

- No. We show figures that are based on the conclusion of the Central Bank with the DIA, KPMG and our own assessment. The size of the hole in MOSOBLBANK is an objective value.

"The precedent in recent history"

- How is the criminal investigation against the former managers and owners MOSOBLBANK? Why was released under house arrest Yulia Zedinu Partner Andzheya Malczewski?

- As I understand it, one of the tasks of the investigation - to help return the assets. As [former predpravleniya Victor] Janina has already entered into force verdict. By and large the criminal case, as we call it, in respect of Malczewski and Zedinoy, we hope the case will be submitted to the court before the end of the year. Currently, about 200 million rubles. in a criminal case by Janina already returned to the ACB. We are realists and understand that all 70 billion rubles. not return ever. So I think our success of the voluntary agreement for damages, which was concluded on 11 November Malczewski, Zedinoy and Ioannina with MOSOBLBANK as the injured party.

- How much do they make?

- Together with the DIA will be selected appraisal company, which is able to determine the value of the transferred assets. There is a really good result, if we can return at least several billion rubles. Because the assets are returned - quite complex. For example, "Rus" horse park. Though he is striking for its size - there is 200 hectares, but as a business absolutely unprofitable andytochny.

- What are the losses it generates each month?

- We have just signed an agreement, and we will choose the appraiser.

- I thought you've been in control of the assets Malczewski holding RFK.

- About transmitted kvaziholding RFK lot written and said, I do not attribute it to the transferred assets. The agreement signed today, as we have insisted, appears the list of property rather than shares in obscure companies. The largest and most iconic - NCP "Rus".

- You're able to, and without an agreement to get it?

- Could. But within the framework of the criminal case procedure is that from the moment of a civil action in a criminal case before the verdict, its entry into force, the passage of the executive production procedure takes about 3-4 years. And as you know, there is a risk of loss of assets depreciation. This property has been arrested in the summer, we had doubts - we may not see all of the assets that they have. Now we understand that they gave everything in a deal with the investigation. The agreement provides for a voluntary transfer of all existing districttheir property.

- What did they give this agreement, why they went to him?

- Within the framework of the Criminal Code offense of these persons are classified according to the article. 159, which provides for a maximum period of 10 years, in my opinion. Specifically, it determined by the court for each of the accused. But the voluntary transfer of assets (as far as I know, Malczewski pleaded guilty) will speed up the sentencing and reduce a few years time. Zedina also pleaded guilty. And it has made a major contribution to the voluntary return of assets. She knew where to take it, and how to give. Plus a consequence to it quite humanely reacted due to the fact that she has a minor child. All other issues - the interaction between the investigation and the court, which makes the final decision.

- You, as the injured party who is familiar with the case materials. How are the roles between the persons involved in it?

- Honestly, I'm deep into the details of the criminal case has not even tried to penetrate. Figuring out who is doing what, unfortunately, will not increase the amount of your refund.

- According to the agreement you shoot financial claims against obvinyaemym?

- We can not withdraw a penny. But I treat this criminal case pragmatically. If we can maximize the return of funds, for example, in a criminal case - we will do it. Thanks to the professional work of the investigative department, we got the best possible result. Probably, at this time in Russia's recent history is a precedent, when really there is a bank, he fell, and rogues are sitting at least those assets that have managed to return. We have passed that part which formally had to do, being in charge of the sanatorium. Hopefully, by the end of the year this page in our lives will end and we will continue to think exclusively about the construction of the banking business and making money.

- And to search the property will not be?

- Question - what we will find. As I understand it, the investigating authorities will be able to continue the search of the property, for example, highlighting the separate criminal case on Malczewski Jr. and [deputy chairman Dmitry] Vasilyev. Spending extra money for lawyers, private investigators simply impractical. It's a waste of time.

& ndash; Do not you have lawyers?

- Some of the foreign lawyers, with whom we work, are members of an informal professional network, which helps to identify or detect cheaters assets in various jurisdictions. We turned to the lawyers, who conducted a cursory search in the most popular jurisdictions, for example in Italy, on the French Riviera. Directly on the forehead did not reveal anything serious.

- You want to help out with a few billion hole in the 106 billion rubles. Disparate numbers.

- Since 2012 the bank's assets were derived. Monthly spent 1.2-1.5 bln. the maintenance work of 600 branches, the payment of interest ... And it looks like a really big part of the money, about 60 billion rubles., will drive was commonplace. Maybe it sounded like something negative, as we all coordinated with the Central Bank, but I understand the regulator. The numbers are so shocking that you just have to get used to them. Accept on faith is impossible. How was it possible to bring and eat through almost the entire balance sheet of the bank ?! When was the first discussion in the negotiating representatives came Andrzej Malczewski. They toldThat they have a lot of assets that cost billions of rubles. I have a simple approach: it is possible to determine the value of assets, knowing how much they earn.

- That is what it generates a profit?

- Yes. When asked how much earns "Rus" Park, I was given the answer that he was invaluable. Sitting looking at people - and they are quite honestly say this place is comparable to the Russian people (I am not sarcastic, not exaggerating) with Poklonnaya Mountain and Red Square, it is impossible to assess.

- The park is really wonderful, with sports and patriotic concept. You save it?

- The park is absolutely not thought out in terms of logistics use. Moreover, for example, they have so much time engaged in its development and spent, according to their data, 12-13 bln., And the park is still heated by a diesel engine. I do not understand where the funds have been spent. But "Russia" did not earn. After an independent valuation of the property will be developed a business plan, I think, by March it's real. Some of the assets have to be sold. For example, thousands of acres of various types of land & ndash; agricultural, hunting grounds in the Tver region, Astrakhan. For me absolutely incomprehensible logic, according to which they were purchased.

- All the land will sell?

- We each asset will determine the most advantageous embodiment of its implementation, or bringing to mind and implement. Consistent with the DIA and choose the moment for sale. Now selling real estate is not profitable, because it is very cheap. God grant that in the 2017-2018 gg. something will change - and then begin to implement. The proceeds will be used for repayment of loans for refurbishment.

- The future of "Rus" Park will also decide purely pragmatically, as a businessman, not patriots?

- If we were a non-profit organization, we would be talking about patriotic things. I have to see myself only maximizing profits, because the bank is necessary after 12 years to return 172 billion rubles. If we can still find some form when the business is at least neubytochnym, including on the basis of this park will be to maintain athletic and patriotic events.

- Among the assets have assets on the kotos you did not know?

- Unfortunately, the surprises, tangible assets for money, was not found. But as far as we understand, it is the most capacious and complete list of existing property in the form of land and real estate.
"Two-time growth"

- "SMP Bank" Development Strategy until 2020 envisages an increase in assets to 700-800 billion rubles, credit portfolio -. To 350-400 billion rubles. with an increase in the share in it of retail and SMEs, reducing the share of public finances to zero. How are you going to sell?

- The bank was founded in 2001, it has developed organically. And our further plans are built on realistic growth rates in the next five years. "SMP Bank" is represented in almost all regions, the branch network consists of about 90 divisions. We recently completed the accession InvestCapitalBank, which increased our capital by about 1 billion rubles, and net -. a further 30 units. Plus about 100 offices MOSOBLBANK. That is a total of more than 200 offices in our banking group. We believe that our goals and objectives are realizable. The very business model, we have not changed for several years, and the concept ofualno not going to change. We are going to develop as a universal bank.

- What is the basis of your ambitious plans, which sources expect funding?

- Plans can not be called too ambitious, because they imply a twofold increase over five years. Still, we are, of course, were laid, that the Russian economy will grow sanctions - it's not forever, and will be removed, I hope in the foreseeable future. I still hope that the economic situation will begin to change for the better from 2016

- So you came from the optimistic forecast?

- I think he is more realistic. To a question on funding: we have agreed with the DIA, that the capital of the second level "SMP Bank" will be increased by 4.8 billion rubles. by BFL. A shareholders plan to increase the bank's capital at the beginning of 2016 about 2.3 billion rubles. at their own expense. That is, we already know what we will do in the next year. We reduce the government securities portfolio and increase corporate lending, the demand for which is still preserved. We now have a greater degree of focus on large enough torporatov, but also service small and medium enterprises will develop next year. We will go there, where you can see the potential. We do not always approved indicators. If you start growing consumer demand, it is logical to enhance consumer lending. The same about the mortgage. With the network available to the group, of course, we will develop and retail. We have already tested the new credit risk assessment models potential borrowers among small and medium-sized enterprises. We will go into this business since 2016

- Some growth driver should be?

- The banking business - a conservative. It can not be compared, for example, the production of gadgets. Released Company iPhones - and she began an explosive growth.

- What's stopping you before to grow as fast as in the strategy - what is changing?

- We are increasing our capital base. According to the "SMP Bank" particularly the stock did not have to grow faster.

- Why MOSOBLBANK no place in the strategy and when it is determined his future, whether it will be connected to the "SMP Bank"?

- We did not plan adjunctionunified Mosoblbank to "SMP Bank" due to objective reasons. It was one of the agreements with the Central Bank and the DIA. But "SMP Bank" and Mosoblbank - a single organism, one banking group. The total network of banks to maximize economies of scale. And we do not have a separate strategy for him in terms of the business model. What will happen to the bank - life will show. You must first complete the reorganization.

- At the end of six months of 2015 the group "SMP Bank" halved the volume of repo transactions with the Central Bank - from 80 billion to less than 40 billion rubles. The funds are not needed or is not profitable?

- We could start to attract third-party customers - individuals and legal entities - at more competitive rates. The Treasury decided that it is cheaper to close the repos with the Central Bank, using the current liquidity.

- You have reduced the margin, maybe that's why you have decided to actively develop more risky but profitable segments?

- Yes. So we shave and financing of municipalities, which have always been in the top 3. At the moment, we decided to focus on more high-margin products. But the right to maEvra is ours.

Also as part of cost optimization in "SMP Bank" reduced about 15% of the employees, respectively, and decreased payroll. We are rebuilding the organizational business model, and reduce maintenance departments concerned and closing points of the network.
"Painful stage purification"

- Do you think that the pressure on the banking market is too large and should weaken it, because in the end it will negatively impact on the real sector?

- The rate at which the banking business is evolving and changing, of course, cause some suspicion. But when viewed in retrospect, then, in principle, the Russian banking system is developing quite dynamically. And the problems that exist in the economy, exacerbating the situation in a number of banks, the Central Bank to spur the introduction of new restrictive measures will focus on specific transactions. This, in principle, is good for the system. Because it will be more stable. Let's take a closer look at the illogical high rates on the balances on correspondent accounts with foreign banks, to work with foreign depositories, beneathnary documentary credit operations. I believe that the regulator does its job quite effectively. The banking sector takes the necessary step of recovery, a certain purification. It really is a little painful for everyone. But eventually would lead to a more balanced and more reliable system.

- About 10 years ago, co-owner of Alfa Bank, Pyotr Aven said that Russian banks too much, enough hundreds - all others work as laundry.

- I'm with this opinion, in general, agree. See how changing the number of banks in Russia. In the 90-ies. 2500-3000 was of the order of banks.

- How much is enough?

- There is some kind of absolute numbers, but in 1000 the banks - it is too. Should it be 100 banks? Maybe. The main thing that they comply with all legal requirements, comply with all standards and provide quality services to customers. But in some regions may be small niche banks, which will, for example, work in the framework of Sharia. In fact, banks in the regions of complementary small size, good working objectively, not particularly mnst.

- All banks in one way or another involved in the circuitry, and the Central Bank before it turned a blind eye. Mosoblbank example. But now, it seems, is no longer untouchable. For you have no complaints?

- Objectively, the regulator always have a claim to any ward, they say. But serious complaints by the Central Bank was not for us.

- What do you think in terms of risks and opportunities in the economy and the situation in the banking market? Where dangerous, and where it is necessary to go, what now there is a possibility?

- Opportunities. There are many ways to grow. We have had precedents when in times of crisis, we redeemed the mortgage pools of mortgage loans. And now we look at the different banks that have or may have good pools of corporate loans, which can be bought at a discount. Because this kind of problematic situations and always provide opportunities for certain growth. We looked, weighed and assessed for himself as a rather high risks of investing in the "Uralsib". But if we see the opportunity to participate in the tender for the definition of the sanatorium in the bank, in which the actiontive there is an interesting banking business in the form of high-quality assets - corporate loan portfolio of natural persons, mortgage - we will participate. At this point it is possible to be used.
"Shareholders are looking where to invest"

- The extent to which the shareholders of "SMP Bank" involved in his life, and interfere with the banking group, you have the right phone operates, allowing quick and mutually solve the problems and challenges?

- Shareholders participate in the life of the bank, increasing capital. development strategy, of course, agreed with them. From the perspective of the phone right at the shareholders very clear understanding that there is no such situation in which you can call and say: this is my client or partner extradite him money, because we need. This is not, fortunately, because shareholders primarily require compliance with all the canons of the banking business and the Russian legislation. Therefore, the disputed transaction, we try not to spend.

- That is, they are completely removed from the banking business and the relationship you have purely formal?


- Non-state bankers are in a panic because of the mass withdrawal of the license, sanitation and restriction of operations taking place in the best conditions not the economic situation and the sanctions. How are you feeling "SMP Bank"?

- Enough relaxed and comfortable.

- Administrative resources of your shareholders you inspires tranquility?

- No. Our business model involves a certain flexibility and the ability to respond rapidly in terms of new business development, redistribution of resources. Penalties inflicted on us quite a heavy blow. But conservative lending policy and work exclusively on the Russian market helped us to survive.

- Plans for the group on the acquisition of financial assets relate only to the banking business? Why do not insurance or NPF?

- In the insurance market, I have not seen interesting proposals for purchase. While we are ready to consider suchopportunity. But banking business priority for us - it is more attractive. NPF, we do not fully understand, and are not interested in it.

- If the banking business priority for you, why did you decide to create a venture capital fund with "Rosnano"?

- We are negotiating with "Rosnano": what will be the fund, which as we will participate - whether our shareholders as the physical persons, or one of the banks in the group as a legal entity. We are serious about the creation of this fund, but it is all under discussion.

- Why did you or your shareholders want this fund?

- The shareholders are looking at various new promising areas, where it would be possible to invest. As part of this, we consider the possibility of cooperation with "Rosnano".

- Rotenberg supports various sports clubs and teams in judo, football, hockey. SMP is financed?

- At some time during the "SMP Bank" acted as a sponsor. But it was the sponsorship, which was based on the bank's customers, and not only because the shareholders havechastvuyut, for example, in "Dinamo" club. We spent a lot of stock to attract customers during the competition. 3-4 years, maybe five we do not do that.

- Many spent?

- Now I do not tell.

- Wrote allegedly Malczewski Fund transferred more than 100 million rubles. "Dynamo" with the filing of "SMP Bank" - and that was part of the deal.

- I am not a "Dynamo" representative, it matters to them.

- Which sport do you prefer and what you do?

- Amateur hockey and running. [Playing hockey] only in the morning. We have developed a team, we have a team playing for 4-5 years. They are friends and partners.