CEO: Ananyev brothers have no control over Bank Vozrozhdenie

MOSCOW, Mar 27 (PRIME) -- Dmitry and Alexei Ananyev have no control over operating activities of Russia’s Bank Vozrozhdenie, CEO Mark Nakhmanovich told reporters on Tuesday.

“Legally, they have no control over Bank Vozrozhdenie. The shareholders have no control over operating activities of the bank. The management controls the bank today. We actually manage the bank while having no rulings or contact with the shareholders,” Nakhmanovich said.

Vozrozhdenie is part of Promsvyazbank’s group, previously owned by Dmitry and Alexei Ananyev. The central bank gained control and launched a bailout of Promsvyazbank earlier, and ordered owners of the bank to cut their stakes in subsidiary banks to no more than 10%. Alexei Ananyev transferred his banking assets to Dmitry Ananyev, and the regulator issued an order allowing Dmitry Ananyev to vote only with 10% of shares in Vozrozhdenie.

The central bank is yet to make sure that Dmitry Ananyev has fulfilled the order and cut his stake in the bank. The regulator has not yet criticized activity of Vozrozhdenie’s management, Nakhmanovich said.

Nakhmanovich also said that the regulator ordered the bank to slash operations with companies owned by Ananyev brothers. But Vozrozhdenie had stopped fulfilling orders of the board of directors on its own even before.

“The management did not fulfill the decisions of the board of directors made last autumn, before and after introduction of the interim administration into Promsvyazbank. We did not fulfill the decisions that could have increased the risk taken for the companies of our shareholders,” he said.

Vozrozhdenie said in its financial report that the central bank had launched inspection at the bank in December 2017 to check cash operations, withdrawal of cash by clients, operations with securities, and with Promsvyazbank. The management of Vozrozhdenie expects the inspection to finish in April.

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