Media: the New team prepares the Bank “Zenit” for sale
The main shareholder of the Bank “Zenith” — the company “Tatneft” (71% of the shares of a credit organization) has set a new top management’s goal for the recovery of the banking business, the newspaper “Kommersant”.
The publication became known that the shareholder intends to sell its non-core banking assets, however, while “Zenith” is not a very attractive proposition for buyers. Strategy or tactics? Why “Opening” accumulates foreign assets
At the end of last month, the Board of Directors of “Zenith” has appointed a new Chairman of the Board – Oleg Mashtalyar. Also selected were two alternates, Andrey and Konstantin Rybakov. Before the new management of the Bank “Tatneft” has set a target to improve the Bank’s balance sheet. According to “Kommersant”, we are talking about the conclusion of the Bank to operating profitability in the next 2018.
“The Bank needs a strategy to develop a profitable business on market terms. In particular, it is necessary to reduce dependence on the parent structure on the passive side, where it now accounts for about 25%, replacing market funding. There is also a problem for growth of the retail business, which is now in the structure of the credit portfolio minimum”, – the newspaper quoted a source in the banking sector.
According to BIR Analyst, Bank “Zenith” on 1 July this year, took the 33rd place in the Russian banking system’s assets 277,3 billion rubles, own funds – 43.6 billion rubles, the deposits of the population – 68,5 billion roubles.