Tatfondbank

Prior to the introduction of the interim administration, the chairman of the bank's board was Robert Musin , a deputy of the State Council of the Republic of Tatarstan and the former Minister of Finance of Tatarstan (1998-2002).

As of the end of January 2017, New Petrochemistry LLC owned 17.36% of the authorized capital, Tatspirtprom JSC - 14.866%, Tatenergo JSC - 14.235%, the Republic of Tatarstan represented by the Ministry of Land and Property Relations of the Republic of Tatarstan - 8.862% , CJSC Helio-policy - 8.458%, LLC DSK - 7.492%, OJSC Mortgage Agency of the Republic of Tatarstan - 7.492%, other shareholders owned less than 5% of the share capital

The bank provided all types of banking services to private and corporate clients. One of the main activities of the bank was lending to individuals and legal entities.

As of December 1, 2016, assets amounted to 214.2 billion rubles, equity amounted to 27.2 billion rubles. In terms of assets, the bank ranked 42nd in the banking system of the Russian Federation.

The bank structure included 89 offices, which in addition to Tatarstan were located in a number of cities of Bashkortostan , Chuvashia , Nizhny Novgorod region , in a number of large cities - in Moscow , St. Petersburg , Novosibirsk , Yekaterinburg , Surgut , Samara , Saratov , Voronezh , Izhevsk , Togliatti , Perm and Yaroslavl . The bank had approximately 3,000 employees.

1990s

On April 28, 1994, it was decided to establish Tatfondbank. On August 24 of the same year, a license of the Central Bank of the Russian Federation No. 3058 was obtained for performing credit and settlement and other operations in rubles. The authorized capital at the time of the creation of the bank amounted to 500 thousand rubles, subsequently, when conducting two share issues in 1995 and 1996, respectively, the authorized capital initially increased to 6 million, and then to 40 million rubles.

In July 1995, AIKB Tatfondbank was transformed into an open joint stock company.

On October 17, 1997, a license was obtained from the Central Bank of the Russian Federation for transactions in foreign currencies.

On February 27, 1998, a license was obtained for a professional participant in the securities market.

2000s

In March 2002, the bank began issuing plastic cards of the international payment system Europay / MasterCard of Zenit Bank.

In 2010, it was announced that the merger of Tatfondbank with Ak Bars Bank, scheduled for the end of 2013, was discussed, but there was no further merger.

In 2011, Tatfondbank entered the ranking of thousands of world banks (Top 1000 World Banks) according to the famous British publication The Banker .

In May 2013, Tatfondbank became the owner of the “Most Dynamically Developing Bank” award, “Banking” award.

On August 27, 2014, at the general annual meeting, the Chairman of the Cabinet of Ministers of the Republic of Tatarstan, Ildar Khalikov , was elected Chairman of the Board of Directors ^{[ 1]} , in 2016 he was re-elected Chairman of the Board of Directors ^[2] .

Introduction of the interim administration

On December 7, 2016, Kommersant reported that the Central Bank's banking supervision committee on this day would consider a financial recovery plan for Tatfondbank in the amount of 80 billion rubles. Tatfondbank has been talking about liquidity problems in the market since at least the beginning of 2016. The problems, in particular, were caused by the fact that the Republic of Tatarstan used the bank as a local development institution to finance investment projects ^[3] .

On December 9, 2016, Tatfondbank imposed restrictions on early withdrawal of deposits ^[4] . On December 12, 2016, Tatfondbank introduced a limit on cash withdrawals at ATMs ^[5] . On December 15, 2016, the Bank of Russia appointed an interim administration to Tatfondbank ^[6] .

On December 26, 2016, the head of Tatarstan, Rustam Minnikhanov, instructed law enforcement agencies to find those responsible for the collapse of the bank ^[7] . The Main Investigation Department of the Ministry of Internal Affairs in the Republic of Tatarstan has opened a criminal case under part 4 of Art. 159 of the Criminal Code of the Russian Federation on the theft of funds transferred to trust management of IC TFB Finance LLC, a number of persons were detained, including the director of IC TFB Finance LLC and deputy chairpersons of Tatfondbank ^{[8] [9]} .

At the end of February 2017, the TAIF group of companies announced its readiness to become a Tatfondbank sanatorium ^[10] .

License revocation and subsequent events

On March 3, 2017, by order of the Central Bank of the Russian Federation, the license for banking activities of Tatfondbank was revoked ^[11] . According to the interim administration, the size of the bank’s negative capital at the time the license was revoked was approximately 97 billion rubles ^[12] . In the evening of the same day, the Soviet District Court of Kazan arrested the chairman of the bank's board, Robert Musin ^[13] .

The next day, a rally of Tatfondbank depositors took place in Kazan, which demanded to protest the decision of the Central Bank to revoke the license ^[14] . Another meeting of investors took place on March 7, 2017 ^[15] . The head of Tatarstan, Rustam Minnikhanov, announced plans for the Tatarstan authorities to support small businesses with soft loans and rejected the idea of ​​activists to require large companies of the republic to give money to Tatfondbank clients ^[16] . Challenging license revocation Minnikhanov called meaningless due to the large amount of negative capital of the bank ^[17] .

The prosecutor's office of the Vakhitovsky district of Kazan initiated suits in the interests of affected Tatfondbank depositors. The Central Bank of the Russian Federation filed a lawsuit against Tatfondbank, PJSC Nizhnekamskneftekhim and Novaya Neftekhimiya LLC for invalidation of a transaction in which New Petrochemistry made a loan to Nizhnekamskneftekhim for a loan of 1, 8 billion rubles provided by Tatfondbank ^[18] .

On March 15, 2017, Ramil Nasyrov, the former first deputy chairman of the board of Tatfondbank, Ramil Safin, director of Tatfondbank’s shareholding company, and director of Royal Time Group LLC, Elena Leushina, were detained on March 15, 2017 ^{[19] ]} .

• Official site
• PJSC Tatfondbank, Banks.ru