“ the WHALE of Finans “ has floated
in search of the investor
the Management company “ the Leader “ with Gazprombank and bank VTB support will buy a controlling stock of investment bank “ the WHALE of Finans “ to rescue last from non-payments. According to participants of the market, in current adverse conditions package cost can make no more than one factor to the bank capital.
yesterday “ the WHALE of Finans “ has informed that the bank carries on negotiations for attraction of the strategic investor. As an occasion to attraction of the investor the problems of the bank which has arisen in connection with impossibility to pay off under transactions REPO in connection with sharp falling of stock market have served. According to participants of the market, from the moment of news occurrence about possible problems in bank “ the WHALE of Finans “ on Mezhbank on it limits have been closed. Yesterday the Moscow Interbank Stock Exchange has informed that “ the WHALE of Finans “ On September, 16th the size of not executed obligations under transactions REPO with shares of company " could not pay off under transactions REPO for a total sum nearby 7,5 mlrd rbl., in particular; Rostelecom “ has made approximately 3 mlrd rbl.
In first half of day at bank offices “ the WHALE of Finans “ turns of suffering investors were already observed. According to operators, despite arrangements, investors closed accounts and deposits in bank. “ turns in bank - the normal phenomenon, - have declared in a press - service “ the WHALE of Finansa “ - anyway yesterday we have carried out of all obligations to investors - have satisfied all wishing to close the account “.
During yesterday there was an information on possible investors which can settle problems “ the WHALE of Finansa “: it is bank VTB and UK “ the Leader “ managing director NPF “ Gazfond “. In the afternoon representatives UK “ the Leader “ Have informed daily that the agreement between UK and investment bank “ the WHALE of Finans “ it is not signed yet: there are consultations of heads of both parties. A source in “ the Leader “ admitted: “ Any agreement can be signed, only when the situation with bank, a situation in the market will be completely clear. Lately we live every day in a new reality and we have not time to analyze at all it “.
in the Late evening bank “ the WHALE of Finans “ has extended the message that is at a final stage of negotiations with UK “ the Leader “ about acquisition by the company of a controlling interest of bank: “ the Transaction will be carried out with credit support of Gazprombank and VTB. The given steps will provide full performance “ the WHALE of Finans “ all obligations to clients and stable development of all financial group “. Later the Gazprombank has informed that also took part in negotiations on purchase of 100 % of actions of bank “ WHALE of Finans “. An order of 62 % of actions of bank “ the WHALE of Finans “ its head Alexander Vinokurov owns. Other actions are at the disposal of minority shareholders. “ in the summer a bank management “ the WHALE of Finans “ estimated its controlling stock in 1 mlrd dollars, - analyst IK " speaks; the Prospectus “ Veronica Chekina. - Since then has passed time and in the markets the situation has changed. I think, the transaction can make from 500 million to 700 million dollars for a controlling stock “. According to the chief of department of analytics UK “ Kapital “ Sergey Karyhalina, “ now factor of sale of bank “ the WHALE of Finans “ can make no more than 1 % to the capital “. Yesterday agency Moody “ s has lowered a long-term credit rating of bank “ the WHALE of Finans “ in foreign and national currencies with B2 to level Caa2. Simultaneously a rating of financial stability - with E + to E. The long-term rating on a national scale is lowered with A3. ru to B2. ru. The forecast on ratings Caa2 and B2. ru remains uncertain.
we will remind that the similar situation already occurred during a credibility gap in 2004 when 100 % of actions of Guta - the bank which had problems with liquidity, have been bought by bank VTB for symbolical 1 million rbl.