Where will payments be made to bank yugra depositors. Banks to the rescue

The story of the Yugra bank, which in July was deprived of the right to conduct independent activities and transferred under the control of the DIA, received an unexpected continuation.

On Wednesday, the Prosecutor General's Office stood up for the bank of Belarusian businessmen Khotins, which was in the top 20 in terms of the volume of deposits attracted from the population of the Russian Federation.

The supervisory agency announced a decision to protest the Central Bank's orders to introduce a temporary administration into Ugra and prohibit the bank from satisfying creditors' claims. This, according to "Interfax", said the official representative of the Prosecutor General's Office Alexander Kurennoy.

According to him, the orders of the Central Bank, which actually stopped the activities of the bank and launched the procedure for paying depositors at the expense of the DIA, were "issued unreasonably."

"The Bank of Russia, both in the exercise of supervisory functions and in the course of inspections, did not reveal any violations by the Yugra bank of mandatory standards," Kurennoy said.

Yugra is a "financially stable credit institution, has the necessary liquidity", and the actual closure of the bank "will cause damage to the federal budget by 170 billion rubles (the amount of insurance payments - ed.), reduce the availability of lending to small and medium-sized businesses, accelerate inflation processes and worsen the investment climate in the country," said Kurennoy.

According to him, the Prosecutor General's Office demands to cancel the orders of the Central Bank and suspend payments to Yugra depositors, who from July 20 should be kept by VTB 24, Sberbank, Rosselkhozbank, FC Otkritie Bank and Uralsib Bank.

This decision must be implemented, an informed source told Interfax. "In accordance with the law, when a protest is made against a legal act that contradicts the law (in this case, the orders of the Central Bank of the Russian Federation), its validity is suspended for the period of consideration of the protest (ten days)," he said.

The Central Bank, according to the source, has the right to appeal the decision in court within 10 days.

Ultimately, the attempts of the Prosecutor General's Office to challenge the collapse of Yugra, which was one of the 30 largest banks in terms of assets, will most likely be unsuccessful, expert RA analyst Yuri Belikov believes.

Now the bank has a temporary administration, whose task is to assess the real state of affairs - according to the results, it will be calculated how much capital Ugra has left, with a high probability, a "hole" will be found there, in other words - negative capital, Belikov explains.

According to him, 40% of the loans issued by Yugra are bad, and the amount of losses exceeds the bank's own funds twice.

Bank "Ugra" worked on the principle of "vacuum cleaner", says the head of the analytical department of the bank BKF Maxim Osadchy: money was collected from the population with the help of high rates and went to finance development and oil business projects of the owners.

According to the statistics of the ALMC, in 2014 the Russians attributed 95.4 billion rubles to Yugra. The following year, the bank tripled its loan portfolio, and by the end of 2016, 28% of these loans were bad, and the bank's loss was a record in the country - 32.8 billion rubles. The Central Bank sees signs that the Yugra bank provided false reporting, and also manipulated deposits for 1.88 billion rubles, Vasily Pozdyshev, deputy chairman of the regulator, said on July 10.

In particular, the bank could bypass the Central Bank's restriction on attracting deposits (it was introduced in April last year) using the Mosoblbank scheme, when a deposit was opened on condition that one share was donated to the client. In addition, Yugra did not comply with the requirement for reserves: reserving amounts for one loan, it immediately dispersed them for others, which created the illusion that the bank had capital.

“Everyone knows that Yugra was only based on political resources, and that is why it lasted so long. There may be complaints against the Central Bank that it intervened too late,” says Sergey Romanchuk, head of operations in the currency and money market of Metallinvestbank.

“You have to understand that if the Prosecutor General turns out to be stronger than the Central Bank, then the Yugra case itself will turn out to be negligible in terms of damage to the country compared to the apocalypse that lies ahead of us. They don’t seem to know what they are doing,” notes is he.

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The Deposit Insurance Agency (DIA) has chosen 5 banks through which compensation payments to Yugra depositors will be made. These are the largest state and private banks: Sberbank, VTB24, Otkritie and others.

Experts give their explanations why the choice fell on these financial institutions. According to Maxim Osadchy, head of the analytical department of the Corporate Finance Bank, the main criteria for creating such a list were financial stability and an extensive network of banks that will pay out insurance claims. The branching of the network of financial institutions is extremely important, because will provide customers with the opportunity to receive money in a convenient mode.

Experienced banks

The most experienced banks were also chosen for payments to Ugra depositors. According to the Deposit Insurance Agency report, Sberbank, Otkritie and VTB24 made the largest number of payments in 2016. He told about how reimbursement works and what to do to clients. Alexey Karchazhkin, Managing Director for Retail Business of Otkritie Financial Organization:

- The main thing to pay attention to is that the entire procedure for insurance payments has already been clearly worked out and repeatedly successfully implemented. All deposits of individuals and individual entrepreneurs, not exceeding 1.4 million rubles in aggregate, are reliably insured.

The payment process itself is quite simple. After the announcement of the start of insurance payments (usually this happens within 2 weeks after the insured event itself), you must come to the agent bank with a passport. Already on the spot, you fill out an application for payment of insurance compensation. For individuals, money is paid in cash or transferred to an account at the choice of the client. For individual entrepreneurs, payment is made only by transfer to the account.

Acceptance of applications for payment of compensation on accounts (deposits) and other necessary documents, as well as payment of insurance compensation to Ugra depositors will begin no later than July 24, 2017, the exact date will be determined later.

Additional information on the procedure for paying insurance compensation to depositors of the bank "Ugra" can be obtained by calling the "hot line" of the Deposit Insurance Agency 8-800-200-08-05 and on its website.

Information for depositors of the bank "YUGRA", here you will find out where and how you can withdraw your deposit, which bank pays reimbursement for deposits of individuals, how to receive payment to individual entrepreneurs. In addition, the page contains a complete list of branches of agent banks with addresses, phone numbers and working hours.

The Public Relations Department of the State Corporation "Deposit Insurance Agency" announces the onset of July 10, 2017 an insured event in relation to the credit institution PJSC BANK YuGRA in connection with the introduction by the Bank of Russia of a moratorium on satisfying the claims of creditors and the appointment of a temporary administration to manage the bank, the functions of which are assigned to the DIA.

The introduction of a temporary administration of the DIA is aimed at obtaining operational control over the bank's activities. This measure will ensure the protection of the interests of depositors and creditors of the bank.

The provisional administration will conduct an audit of the financial position of the bank, the results of which will develop proposals for its further activities.

Which bank will pay

The Public Relations Department of the State Corporation "Deposit Insurance Agency" (DIA) informs that VTB 24 (PJSC),PJSC Sberbank,JSC Rosselkhozbank,PJSC Bank FC Otkritie And PJSC "BANK URALSIB" became the winners of the competition for the selection of agent banks for the payment of insurance compensation to depositors, including individual entrepreneurs, of the credit organization PJSC BANK YuGRA (Moscow).

Five agent banks have been selected to speed up the payment process and create comfortable conditions for depositors to receive reimbursement.

Depositors of PJSC BANK "YUGRA" can receive information about the list of subdivisions of agent banks that pay compensation and the mode of their work by calling the following hotlines: VTB 24 (PJSC) - 8-800-505-24-24, PJSC Sberbank- 8-800-555-55-50, JSC Rosselkhozbank - 8-800-200-02-90, PJSC Bank FC Otkritie - 8-800-700-78-77, PJSC "BANK URALSIB"- 8-800-200-55-20, Agency- 8-800-200-08-05 (calls to all hotlines in Russia are free).

When will the refund be paid?

July 20, 2017DIA will start paying compensation to depositorsPJSC BANK "YUGRA"

To receive a refund, the depositor must submit to the agent bank only passport, as well as fill out an application for payment of compensation in the prescribed form. Application forms can be obtained and filled in the subdivisions of agent banks that pay compensation on deposits.

To the attention of depositors: each of the agent banks is authorized to pay compensation only to a certain group of depositors. Distribution by agent banks of depositors of PJSC BANK "YUGRA" is made depending on the place of residence of the depositor, as well as on the initial letter of his last name. Distribution of depositors of PJSC BANK "YUGRA" was carried out on the basis of information about the address of the place of residence provided by them to the bank when opening a deposit (account).

To determine his agent bank, the depositor can use the table below.

Distribution of depositors of PJSC BANK "YUGRA" by agent banks

Regions and localities place of residence of depositors	Agent bank depending on the initial letter of the contributor's last name
Altai region
Komi Republic
Khanty-Mansi Autonomous Okrug - Yugra
Krasnodar region
Krasnoyarsk region
Leningrad region (except for the city of Vsevolozhsk)
Moscow region
Nizhny Novgorod Region
Novosibirsk region
Rostov region
St. Petersburg
Sverdlovsk region
Tyumen region (except for the city of Tobolsk)
Chelyabinsk region
Yaroslavl region (except for the city of Rybinsk)
Regions not listed above in the table		VTB 24 (PJSC) - all letters

For depositors of PJSC BANK "YUGRA" residing in regions not specified in the table below, VTB 24 (PJSC)(regardless of the initial letter of the contributor's last name).

Having thus determined his agent bank, the depositor may apply for compensation to any of its divisions indicated on the official website of the Agency on the Internet.

Applications for the payment of insurance compensation may be submitted by depositors during the entire period of liquidation of banks.

reference Information

Due to the fact that the bank is a member of the mandatory deposit insurance system (No. 320 according to the register), each of its depositors, including an individual entrepreneur (IP), has the right to receive insurance compensation provided for by Federal Law No. 177 of December 23, 2003 -F3 "On insurance of deposits of individuals in banks of the Russian Federation".

The insurance compensation is paid to the depositor in the amount of 100 percent of the sum of all his accounts (deposits) in the bank, including those opened for business activities, but not more than 1.4 million rubles in total. For a bank deposit (account) in foreign currency, the insurance compensation is calculated in rubles at the exchange rate of the Bank of Russia as of July 10, 2017.

Depositors of PJSC BANK "YUGRA" can receive compensation for deposits (accounts) opened not for entrepreneurial activities, either in cash or by transferring funds to an account with a bank participating in the compulsory deposit insurance system specified by the depositor.

Depositors of PJSC BANK "YUGRA" residing outside the settlements where subdivisions of agent banks are located, paying compensation, can also send an application for reimbursement by mail to the Agency at: 109240, Moscow, st. Vysotsky, 4. In this case, the payment of compensation will be carried out in a non-cash manner by transferring it to an account with a bank participating in the compulsory deposit insurance system indicated by the depositor in the application for payment of compensation, or in cash by mail order at the place of residence of the depositor (except compensation on deposits (accounts) opened for entrepreneurial activities). The signature on the application sent by mail (for the amount of compensation of more than 3,000 rubles) must be notarized. In the absence of a notary in the locality, the authenticity of the depositor's signature on the application may be certified by the head of the local administration or a specially authorized official of the local self-government body. A copy of the identity document of the contributor must also be attached to the application when sent by mail.

Whenoccurrence disagreements related to the amount of compensation payable, or the absence of data on the depositor in the register of obligations of PJSC BANK "YUGRA", the depositor may file a statement of disagreement and submit it to the agent bank for transfer to the Agency, or independently send such an application by mail to the Agency with the attachment additional documents confirming the validity of the depositor's claims: bank deposit (account) agreement, cash receipt order, etc.

Payment of compensation on deposits (accounts) opened for business activities, is made only by transferring the amount of compensation to the account indicated by the depositor in the bank - participant of the system of compulsory deposit insurance, opened for business activities. If at the time of payment of compensation an individual entrepreneur is recognized as insolvent (bankrupt), such payment is made by transferring the amount of compensation to the account of the debtor used in the course of bankruptcy proceedings. In this case, the application for payment of compensation must be accompanied by a certificate (or other document) issued by the bankruptcy trustee or the court that decided to declare the depositor bankrupt (if the bankruptcy trustee has not been appointed), stating that the specified account is the debtor's account (the debtor's main account) , used in the course of bankruptcy proceedings opened against the investor, or by the debtor's current account opened on his behalf by the bankruptcy trustee, or by the deposit account of the court. If at the time of payment of compensation, an individual entrepreneur has submitted a document confirming the state registration of the fact that he has lost the status of an individual entrepreneur, then compensation can be paid both in cash and by transferring funds to an account in a bank participating in the compulsory deposit insurance system specified by the depositor.

The revocation of the license from the bank "Ugra" was not the best news for its depositors. However, at present, deposit insurance allows you to get your funds back. Compensation is paid through an agent bank that provides services to customers of a closed credit institution. In the case of Yugra, several agents were selected based on the results of the competition: VTB 24, Sberbank, Otkritie, Rosselkhozbank, Uralsib. In VTB 24, payments to Ugra depositors were made for the first time on the basis of an online pre-registration on the website.

The procedure for making payments from VTB 24

Before applying for money, the Ugra depositor needs to clarify where to go, since payment services are not provided in all offices:

• First, we determine the bank: the clients of Yugra were distributed among agents according to their place of residence and alphabetically, according to the first letter of their surname. You can clarify the name of the bank on the website of the DIA (Deposit Insurance Agency), - in the table, find the region or district and determine where to contact by last name.
• Secondly, we find an office that deals with reimbursement of funds. If this is VTB 24, please call: 8-800-505-24-24 or email [email protected] On them you can get advice, find out the list of offices that make payments, and the mode of operation. Clients have the option to make an appointment online.

What is required to pay reimbursement in VTB 24

What documents should the Ugra client bring with them?

Document	Mandatory or not	Where to get	When to take
The passport	Yes	-	-
Statement	Yes, but can be booked on the spot	At the VTB office, on the DIA website	At the time of reimbursement or in advance
A power of attorney certified by a notary (if not the client himself receives, but an authorized representative)	Yes, only for authorized person	Sample on the DIA website	In advance
Requisites for transferring to another credit organization in your own name or in the name of a third party (free transfer)	Not	In the bank account agreement, or check with the office	In advance
Account documents issued by Yugra (agreement, receipts, checks)	Needed to confirm the fact of opening a deposit, in case the name of the depositor was not found in the register for payment	Must be held by the owner of the funds	In advance

How to apply without a visit to the VTB 24 office

To return the money, the applied client of “Ugra” should have only a passport, the application is filled in at the office. You can also download it on the DIA website - this is convenient for people with limited mobility:

• you can print the application in advance,
• in the same place on the DIA website, take a sample of a power of attorney and certify it with a notary,
• on the VTB website, make an appointment with a specialist so that the client or authorized representative can skip the line at any convenient time.

You can make a payment without visiting the office:

• print and fill out an application for payment,
• get it certified by a notary
• send to ASV address,
• receive a postal order or cash.

Deposit insurance

If the bank made contributions to the fund of the insurance company, it is included in the register of participants in the insurance system. From now on, depositors' funds are considered to be insured without fail. If an insured event occurs - like at Yugra - the license is revoked, then the money is returned at the expense of the general fund. This allows curtailing the activities of the bank with minimal losses to customers, which generally stabilizes the banking services market.

Both Russian and foreign citizens can issue a refund. Payment is made only in rubles. They can return the amount that was on the client's accounts at the end of the license revocation day. Amounts in foreign currency are converted into rubles at the exchange rate of the same day set by the Bank of Russia. Loans or mortgages on real estate are subtracted from the total amount of deposits. In total, they can return 1 million 400 thousand rubles. If there was more money in the accounts, depositors can receive funds after further distribution of the organization's property. Since 2014, payment on accounts opened for entrepreneurial activities has been possible. All information on payments is posted by the Agency online.

Start of reimbursement payments in VTB 24

The payment of insurance deposits to depositors of the bank "Ugra" began on 07/20/2017. In total, the total amount will be almost 67 billion rubles. As of July 24, VTB 24 has already paid out 26 billion rubles, that is, almost half of Yugra's depositors applied immediately after the announcement of the start of payments. In total, more than 100 thousand clients are planned. Payments for Yugra will last until January 21, 2018, after which a new agent will be installed to work with citizens or the Agency itself (DIA) will pay directly.

VTB 24 deposit for Ugra clients

When receiving a refund, Yugra clients had several options for what to do with the money next:

• take cash
• transfer to another bank, to yourself or to a third party,
• leave in VTB 24.

Some clients of Yugra did not want to take the money right away. It is important for a novice investor, as well as for experienced capital owners, to keep savings. In this case, employees drew up a new deposit agreement, this time with VTB 24, a reliable partner, since it is a state-owned bank.

Reimbursement of Yugra funds once again confirmed the effectiveness and benefits of the insurance system for citizens.