The most unprofitable bank in 2016, excluding credit institutions rehabilitated, became Jugra Bank, which lost 32.2 billion rubles. Only BM Bank, which is currently under rehabilitation, lost more.
Former associates of the owner of the Complex Investment holding said that the businessman wasn't the owner of the oil assets and companies, which had been purchased by $1 billion.
Jugra Bank owned by Alexey and Yuri Khotin will still conduct IPO. Are the businessmen going to take investors' money before escaping?
Ugra, the leader among Russian banks in terms of losses, has nothing left but only to run after the puck.
As Forbes found out, Belarusian businessmen has increased their oil deposits by 1.5 times.
The businessmen gave away their offices for management.
Ugra Bank attracted more than 166 billion rubles from individuals as of mid-2016. Simultaneously, the bank issued credits for 154 billion rubles (almost all depositors' funds) of loans in foreign currency for a period exceeding 3 years.
Alexey Khotin spares no expense on oil sites and outplays Rosneft, Surgutneftegaz and Gazpromneft.
Ugra Bank could collapse under the weight of heavy debts.
Like many other businessmen, they built their empire on credit money.
Businessmen Yuri and Alexey Khotin, father and son, have so far been known as the kings of the Moscow real estate. Now they are interested in oil.
Khotin's business success his competitors often explain by his ability to build relationships with influential people. One of his good friends is said to be Boris Gryzlov.
Alexey Khotin has bought at least ten oil companies over the past five years.
Belarusian businessmen Alexey and Yuri Khotin could get Moscow Hotel on credit, despite the long-standing conflict with VTB.
Yuri and Alexey Khotin challenged LUKOIL for control over Bashneft.
Alexey and Yuri Khotins can increase their oil assets to $2 billion.
The owners of Gorbushkin Dvor, Yuri and Alexei Khotin, can buy the Yenisei oil company for $400 million.
Formally, he is only a minority shareholder with a stake of 0.5%.
Alexey Khotin officially becomes a shareholder of the bank.
A small oil company Dulisma, which belongs to the Khotin family, manages to get export benefits faster than LUKOIL. The Ministry of Finance believes these benefits are justified and assesses budget losses from them at 92.5 billion rubles.
As RBC found out, businessmen Yuri and Alexey Khotin bought five-star Moscow Hotel, located near Red Square, from the entities of Suleiman Kerimov.
Alexey and Yuri Khotins were the buyers. Karimov continues to dispose of assets in Russia and wants to sell 40% stake in Polyus Gold.
In less than14 years, the father and son Khotin have transformed themselves from small businessmen into a real estate development group having the fourth place in the Forbes ranking.
Ex-officials of the Lukashenko's adiministration help the Khotins to do business.