largest shareholder of International Moscow Bank (IMB) - the German HVB Group is continuing to build your package. By year end, HVB Group can bring its share to the reference, in this case, according to experts, the development of PSA increase.
IMB - Russia's largest bank, a controlling stake owned by foreigners. According to the CEA «Interfax», July 1, bank assets were 90, 8 billion rubles. (8-f place), capital - 7, 4 billion rubles. (13th place). While 43% of the shares owned by the German NUV IMB Group, 22% - the Scandinavian group Nordea, 20% - French BCEN-Eurobank, 10% - European Bank for Reconstruction and Development, 2% - Sberbank.
In April this year, it became known that the Japanese Mizuho Corporate Bank is among the shareholders of IMB. Japanese owned 3% of the shares bought himself IMB with the proviso that in future the paper may be sold to other shareholders. Yesterday, Deputy Chairman of the Board IMB said Yuri Tverskoi «Vedomosti», that the shareholders of the bank decided to buy back those shares, but how much get, it is not clear.
representatives of the Bank and Eurobank said that their packages will remain unchanged. Get comments on Sberbank not. However, two sources familiar with the position of the bank, say that interest in the PSA is low. Sberbank is not only not going to buy additional shares of IMB, and is willing to sell it already available.
A representative of HVB said yesterday «Vedomosti» of the intention to increase its share capital IMB by 2% to 45%. The rest of the Japanese package of 1% of the shares of IMB, in the words of German banker to buy Nordea. Get comments Nordea yesterday failed.
HVB is not intended to limit the increase in ownership of the package IMB only 2%. Close to the IMB told the source that the German shareholder is willing to increase its share to the control. The representative of HVB is not ruled out this possibility: «PSA - a good bank, and we are very interested in the Russian market».
Soon IMB to increase capital. «In the near future will be considered to increase the capital of the bank through the end of the year a significant amount of additional funds», - said the IMB to the outcome of the April meeting of the shareholders. Tverskoy said that the decision on the additional issue may be taken at the shareholders' meeting in October, the agenda which have not yet been approved. A source close to the IMB said that capital can be raised both at the expense of additional issue, as well as through the provision of subordinated loan from the largest shareholder.
Paris office Analyst Standard & Poor's Ekaterina Trofimova said that despite the lack of controlling shareholder of the IMB and its owners throughout the history of the bank was able to fruitfully cooperate. A leader of the bank lines of Moody's Interfax Mikhail Matovnikov added that the IMB is traditionally administered by the shareholders by Western standards - the capital increase as growth in assets at the expense of profit, which the Bank has consistently earned.
According to analysts, the consolidation of a controlling stake in the hands of one shareholder does not affect the assessment of the bank in terms of risk, but may give it additional momentum in development. «Konsortsiumnaya ownership structure often hinders strategic decision-making», - looks Trofimova. The advent of the PSA controlling shareholder would mean to strengthen the position of the Russian market, which could make a more dynamic development of the bank, agreed Matovnikov. |