Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact us
Customer Login
 


Headlines
 

12/14 21:55   Rosprirodnadzor asks Sisim LLC to pay 300 mln rubles in compensation for damage to Siberian rivers caused by dam failures across gold mine
 
12/14 21:11   Chesnakov says Kyiv should forget about any Donbas settlement ideas not fit into Minsk Agreements
 
12/14 19:50   Military airport in Voronezh to be commissioned by end of 2020
 
12/14 17:00   No breakthrough at Normandy summit - Peskov
 
12/14 15:38   Two Russian journalists refused entry to Ukraine
 
12/14 15:10   Russian, Belarusian PMs discuss energy dialogue, further contacts (Part 2)
 
12/14 14:38   Initial damage assessment of Admiral Kuznetsov fire may be given next week - USC head (part 2)
 
12/14 13:45   Russian, Belarusian PMs discuss energy dialogue, further contacts
 
12/14 13:28   Admiral Kuznetsov aircraft carrier's maintenance continuing
 
12/14 13:22   Initial damage assessment of Admiral Kuznetsov fire may be given next week - USC head
 




 

Interfax.com  |  Interfax news  |  Bank Rossiya discloses Timchenko stake


News headlines


March 16, 2010 16:51

Bank Rossiya discloses Timchenko stake

MOSCOW. March 16 (Interfax) - St Petersburg-based Bank Rossiya has disclosed that billionaire Gennady Timchenko owns an effective stake of approximately 7% in the bank.

The bank, Russia's 35th largest by assets, according to the Interfax-100 ranking at the end of 2009, has disclosed its beneficiaries in line with Central Bank instructions for banks that are part of the deposit insurance system. Rossiya published a preliminary list of direct shareholders in January.

The bank has now named its ultimate beneficiaries. It says that Timchenko is the beneficiary of the Luxembourg-registered Maples S.A., which owns 72.77% of LLC Transoil CIS. Transoil CIS owns a 9.57% voting stake in Bank Rossiya, giving Timchenko hid effective stake of around 7%.

Timchenko is co-owner of oil trader Gunvor, gas producer NOVATEK (RTS: NVTK), oil and gas sector engineering construction firm Stroytransgaz and a number of other assets. Forbes recently estimated Timchenko is worth $1.9 billion and ranked him 536th in its latest world rich-list. Bank Rossiya says Timchenko is a Finnish citizen, but it does not say where he is domiciled. Forbes says he is resident of Switzerland.

Yury Kovalchuk, Bank Rossiya's biggest shareholder, owns a 30.4% voting stake directly and another 3% voting shares via the Non-profit Partnership Business Initiatives Support.

Other Bank Rossiya shareholders include Dmitry Shamalov and Dmitry Gorelov, each with 12.6% voting stakes. The cellist Sergei Roldugin, who is a People's Artist of Russia and godfather to Russian Prime Minister Vladimir Putin's eldest daughter, owns 3.9% of the bank.

Andrei Katkov and Yevgeny Malov each own a 3.17%-votinmg stake. They used to control similar stakes in the bank in the capacity of shareholders in CJSC Kinex - St Petersburg, which they owned together with Gennady Timehcnko and Adolf Smirnov.

LLC Aktsept and LLC Relaks own 38% and 3.6% of the bank, respectively. Their beneficiaries are Mikhail Shelomov and Svetlana Krivonogikh, respectively.

The SeverGroup's Alexei Mordashov owns a 7.18% voting stake, and the Bank Rossiya Group's Abros Investment Company owns 6%.

Bank Rossiya controls the SOGAZ (RTS: SOGP) insurance group, which includes CJSC Leader, the management company for the Gasfond non-government pension fund. Leader and Gazfond are both shareholders in Gazprombank, which used to be part of the Gazprom (RTS: GAZP) group.

The Central Bank says commercial banks that don't disclose information about their true beneficiaries will lose the right to accept deposits from clients.

Banks have until March 27 to make the disclosure, of all persons with "direct or indirect influence over operations."

The order, which was issued on December 27, 2009, applies to shareholders with more than 1% of votes as well as corporate entities that hold stock in the bank, all along the chain of ownership to the end beneficiary.

Banks that fail to meet the disclosure deadline will be in violation of the rules governing participation in the deposit insurance system, which would make the bank ineligible to take deposits from individuals and trigger Central Bank action to prohibit all operations with deposits.

A total of 231 banks have already published their disclosures on the Central Bank's web site.

Many big banks have published their disclosures on their own web sites. This includes state-owned Sberbank Russia (RTS: SBER) and Gazprombank and private-sector banks Alfa Bank (RTS: ALFB), Promsvyazbank (RTS: PRSB), MDM Bank, Nomos Bank (RTS: NMOS), Bank St. Petersburg (RTS: STBK), Russian Standard Bank (RTS: RSBN) and Bank Rossiya.

Pr jh

(Our editorial staff can be reached at eng.editors@interfax.ru)

/Interfax/
 Subscription
You can access a demo version of, receive more information about or subscribe to Interfax publications by filling in and returning the form below. We also have dozens of reports in the Russian language, please indicate if you are interested.
Title:


Phone:


E-mail:


First name:


Company:


Country:
Last name:


Division:


City:
Products:
Central Asia & Caucasus Business Weekly
Central Asia General Newswire
Global Gas Analytics
Interfax Via Bloomberg Terminal
Kazakhstan General Newswire
Kazakhstan Mining Weekly
Kazakhstan Oil & Gas Weekly
Natural Gas Daily
Russia & CIS Announcements
Russia & CIS Banking and Finance Weekly
Russia & CIS Business and Financial Daily
Russia & CIS Business and Financial Newswire
Russia & CIS Business and Investment Weekly
Russia & CIS Business Law Weekly
Russia & CIS Business news
Russia & CIS Defense Industry Weekly
Russia & CIS Diplomatic Panorama
Russia & CIS Energy Daily
Russia & CIS Energy Newswire
Russia & CIS Events Calendar
Russia & CIS Food and Agriculture Weekly
Russia & CIS General Newswire
Russia & CIS Headline News
Russia & CIS Insurance Weekly
Russia & CIS IT and Telecom Weekly
Russia & CIS Metals and Mining Weekly
Russia & CIS Military Daily
Russia & CIS Military Newswire
Russia & CIS Military Weekly
Russia & CIS Oil and Gas Weekly
Russia & CIS Presidential Bulletin
Russia & CIS Statistics Weekly
Russia Health & Pharmaceuticals
Russia Market Roundup
Russia Press Review
Ukraine Business Daily
Ukraine Business Weekly
Ukraine General Newswire
Please enter the digits from picture in the box below:

December 14, 2019
 
21:55
Rosprirodnadzor asks Sisim LLC to pay 300 mln rubles in compensation for damage to Siberian rivers caused by dam failures across gold mine
 
21:11
Chesnakov says Kyiv should forget about any Donbas settlement ideas not fit into Minsk Agreements
 
19:50
Military airport in Voronezh to be commissioned by end of 2020
 
17:00
No breakthrough at Normandy summit - Peskov
 
15:38
Two Russian journalists refused entry to Ukraine
 
15:10
Russian, Belarusian PMs discuss energy dialogue, further contacts (Part 2)
 
14:38
 
13:45
Russian, Belarusian PMs discuss energy dialogue, further contacts
 
13:28
Admiral Kuznetsov aircraft carrier's maintenance continuing
 
13:22
Initial damage assessment of Admiral Kuznetsov fire may be given next week - USC head
 
13:13
Perm Territory penal colony head suspected of concealing inmates' beatings
 
13:00
National Bank of Georgia head estimates losses from Russia's direct air travel ban at $300 mln
 
10:52
Montenegro extradites Nizhny Novgorod businessman who embezzled 600 mln rub to Russia
 
10:00
Moscow to propose new line for settling N. Korean issue - Russian ambassador
 
 more headlines 



Interviews
 

.
Cooperation between OPEC and non-OPEC countries, foremost Russia, has lasted for three years already and in this time the oil market has seen shakeups that have threatened to cause a split within OPEC and jeopardized the fate of the OPEC+ agreement to curb oil production in order to balance the market. OPEC Secretary General Mohammed Barkindo spoke with Interfax on the sidelines of the 16th annual meeting of the Valdai Club in Sochi about how decisions are made and OPECСs position regarding geopolitical events that have hit oil markets.

more
.
.
U.S. Ambassador to Russia John Huntsman, who will leave his post in early October, has given an interview to Interfax in which he speaks about exchanges at the highest level between Moscow and Washington, a possibility of RussiaСs return to G8, as well as his vision of the future of U.S.-Russian relations.

more
.
.
Russian Deputy Foreign Minister Sergei Ryabkov has given an interview to Interfax in which he speaks about the U.S. withdrawal from the Intermediate-range Nuclear Forces Treaty on that is expected on August 2, about Russia‘s response to the U.S. and NATO possible deployment of missiles banned by the treaty, and about whether the Cuban Missile Crisis may repeat itself.

more

 
  
 ©   1991—2019   "Interfax News Agency" JSC. All rights reserved.
Contact information   |   Privacy Policy   |   Interfax offices   |   made by web.finmarket

News and other data on this site are provided for information purposes only, and are not intended for republication or redistribution. Republication or redistribution of Interfax content, including by framing or similar means, is expressly prohibited without the prior written consent of Interfax.

Browse other Interfax sites:  Interfax.ru   |   IFX.RU   |   Interfax Group   Rambler's Top100