The manager earned on the rehabilitation – Newspaper Kommersant No. 53 (7498) dated 03/29/2023

Against the background of the narrowing of the perimeter of the activity of the Banking Sector Consolidation Fund (FCBS), created by the Central Bank for the reorganization of credit institutions, 2022 was a record year for its management company. Her remuneration reached 300 million rubles, 1.4 times higher than in 2021. This growth was associated with the sale of FC Otkritie bank, Kommersant’s interlocutors point out.

At the end of 2022, revenue from trust management services and commission income of the Management Company FKBS amounted to a record amount, exceeding RUB 293 million. This result is almost 1.4 times higher than the previous year. This amount included payments from the Central Bank under a trust management agreement in the amount of 281.5 million rubles. (against 179.8 million rubles a year earlier). A Kommersant source familiar with the situation explained that the remuneration was tied to the successful completion of projects that had undergone reorganization of FC Otkritie and the Ministry of Bank. At the end of last year, the Bank of Russia sold FC Otkritie to the VTB Group for 340 billion rubles. (see Kommersant dated December 28, 2022). The Minbank was transferred to Promsvyazbank for 1 ruble (see Kommersant-Online dated May 20, 2022).

In addition, agency services brought income to the Management Company in the amount of 11.9 million rubles. (against RUB 37.5 million in 2021). According to the interlocutor of Kommersant, who is close to the Criminal Code of the FKBS, this included the perimeter of the asset valuation work, in particular, the hiring of consultants, due diligence and other work.

As a result, following the results of 2022, the management company received a record net profit since its establishment in 2017 – over 68 million rubles. In the previous three years, the company showed losses, and in 2017 and 2018, the profit amounted to 16 million rubles. and 52.7 million rubles. respectively.

In the asset structure of the FKBS Management Company itself, 1.4 billion rubles. accounts for a portfolio of debt securities, consisting of five issues of OFZ. Despite the fact that it slightly decreased, interest income increased: from 104 million rubles. up to 119.9 million rubles. At the same time, personnel costs decreased in 2022 by almost 13 million rubles, to 306.7 million rubles. Taking into account the fact that at the end of the year the number was 46 people, the average salary can be estimated at more than 400 thousand rubles. per month. At the same time, short-term remuneration to key personnel decreased by RUB 8.3 million to RUB 21.5 million. The company also underwent a change of leadership: instead of Alexander Lunev, who was the CEO since August 2020, Armen Gasparyan has been acting since the end of February.

According to Kommersant’s data, the remuneration of management companies, as a rule, accounts for 0.1–2% of the volume of assets under their management. According to independent expert Alexei Nechaev, funds received in trust management, for example, can be used to form open or closed mutual funds. So, in the case of the reorganization of the Asia-Pacific Bank (ATB), a combined closed-end mutual fund “Special” was created to solve problems with promissory notes sold to bank customers (see “Kommersant” dated November 12, 2020). According to the Central Bank, its assets at the end of 2021 were estimated at 1.98 billion rubles.

However, the total amount of the assets of the MC FKBS under trust management is not disclosed. According to the interlocutor of Kommersant, close to the fund, after leaving the assets in 2022, funds under management are now allocated to the shares of the bank of non-core assets Trust.

The Central Bank did not respond to Kommersant’s request.

Olga Sherunkova