Zadornov disclosed the details of Otkritie’s sale options :: Finance :: RBC

According to him, in the spring of 2022, during the IPO, 20-25% of the asset can be sold. The bank was sanitized through the Federal Security Service

Mikhail Zadornov

(Photo: Vladimir Astapkovich / RIA Novosti)

The chairman of the board of Otkritie Bank Mikhail Zadornov told Forbes in an interview that in March investment banks submitted their proposals on the future fate of the financial institution. The point is to sell 20-25% of Otkrytie at the first stage.

“There are different opinions about whether it is worth conducting an IPO or private placement, that is, selling to a strategist. Most banks nevertheless advise to go for an IPO, while not excluding the possibility that if someone offers good money, for example for Rosgosstrakh or NPFs, the Central Bank may sell these assets separately, ”Zadornov said.

Zadornov predicted a decline in return on deposits in rubles below 5%

Mikhail Zadornov

He noted that due to the situation with the coronavirus pandemic, banking assets are now “not fairly priced.” According to him, it is advisable to make an assessment at the beginning of next year, when the market will recover.

“In 2021, all Otkritie group companies must show results that will become the basis for the sale,” Zadornov said, noting that the IPO indicative dates moved to the spring of 2022.

Regarding the work of Otkrytie under quarantine measures, the bank’s chairman of the board noted that already in May the entire network was operating at almost full capacity, although only a third of the points worked in the first week of April. “We see that from mid-May activity in all areas has been recovering, and now we are changing the risk policy in relation to retail lending,” said Zadornov.

The Central Bank will postpone the sale of the sanctioned Otkrytie Bank due to a pandemic

Photo: Artem Geodakyan / TASS

The transfer of the sale of “Discovery” from the fall of 2021 to the spring of 2022 on June 5 was announced by the head of the Central Bank, Elvira Nabiullina. She noted that the Bank of Russia is interested in selling the asset “as quickly as possible”, but pointed out that potential investors should evaluate the state of Otkrytie and its prospects after emerging from the pandemic.

Otkrytie is the first bank to undergo a financial recovery under the new scheme. Since August 2017, its reorganization has been carried out under the control of the Central Bank, through the Banking Sector Consolidation Fund (FSBS). The Central Bank received a 99% stake in a credit institution, and later merged with Binbank, which was rehabilitated by a similar scheme. At the end of 2019, the combined bank ranked seventh in terms of assets (2.3 trillion rubles) in the Russian banking sector.


Mishustin signed a resolution to increase the size of preferential mortgages :: Society :: RBC

He added that in May, according to the Bank of Russia, the average rate on such loans fell to 7.4% and there is potential for a further reduction.

You can apply for a mortgage at a rate of 6.5% until November 1. The preferential mortgage provided for a minimum contribution of 20%. The difference between preferential and market mortgage rates for banks should be compensated by the state.

In April, Russian President Vladimir Putin ordered the launch of a preferential mortgage program with a rate of 6.5%. In June, Putin decided to extend the preferential mortgage to more expensive housing, earlier the mortgage extended to new housing worth up to 3 million rubles.

By mid-June, banks received 170 thousand applications for preferential mortgages, most of them were approved, said Deputy Prime Minister Marat Khusnullin. Also issued 40 thousand loans worth about 100 billion rubles.


very cheap and long-known drugs help save the lungs with coronavirus

Cloving hospital on the basis of the Medical Scientific and Educational Center (ISSC) Moscow State University named after M.V.Lomonosov took the first patients on April 21 and completed his work on June 13. It turned out that it was possible to achieve the best treatment results for COVID-19 in Moscow. Over the entire period, 4 patients died, and among severe patients who got mechanical ventilation, the mortality rate was less than 14% (for comparison, the average for the city and the world was up to 70 – 80%). Eighteen doctors out of 220 employees of the hospital were infected with coronavirus, there were no deaths among the medical staff.

What approaches were used at the University Hospital of Moscow State University to achieve such results? We continue the conversation with the head. Department of Therapy, Faculty of Fundamental Medicine, Moscow State University, Head of the Department of Age-Associated Diseases, Medical Scientific and Educational Center, Doctor of Medical Sciences, Cardiologist Yana Orlova.


– Most of those who are ill or are afraid to get sick are worried about fibrotic changes in their lungs. They say that you have developed special therapy that can reduce the risk of developing fibrosis. Is it possible?!

– Yes, we launched an appropriate clinical study. There are no final results yet, but we have developed clinical practice.

“What did you do to save the lungs?”

– We used a combination of bromhexine and spironolactone (both are long-known very cheap drugs. – Ed.). Bromhexine is an expectorant that has been prescribed to patients with pneumonia and cough for many years. At the same time, experimental data showed that this drug can block a specific enzyme and impede the penetration of coronavirus into cells. True, it was on this effect that we counted to a lesser extent in inpatients, since such an effect is important mainly in the early stages of the disease. But the expectorant effect of bromhexine really helps patients with COVID. I heard that our colleagues in Peter launched a study of bromhexine for prophylactic purposes. We will wait for the results.

Coronavirus infected 18 doctors from 220 employees of the hospital, there were no deaths among the medical staffPhoto: Ivan MAKEEV


– The second drug – spironolactone – is traditionally widely used in cardiology for the treatment of heart failure, severe hypertension. It has a small diuretic, magnesium and potassium-preserving effect, continues Yana. Orlova. – It has several mechanisms through which it can be useful in coronavirus infection.

Firstly, a mechanism that prevents the development of fibrosis in general in the body. There are works that, in particular, show that spironolactone reduces fibrosis in the heart. At the same time, it is known that the tendency to fibrosis is not local, but systemic – where there is more inflammation, there will certainly be fibrosis. And we see, of course, fibrotic changes in the “covide” in our patients. Therefore, we prescribed spironolactone as a drug for the prevention of this process.

Secondly, this drug blocks sex hormone receptors, in particular testosterone. Some published studies suggest that “high-testosterone” men suffer from “covid” more often and develop more severe fibrotic changes. Therefore, blocking these receptors for several weeks during COVID treatment may be useful in reducing the severity of complications. We are not talking about a longer intake, since male patients are unlikely to agree with a decrease in testosterone levels in the long term.

And perhaps the most important point. In almost all of our patients, we observed hypokalemia (a decrease in potassium levels. – Ed.). With coronavirus infection, potassium is intensely excreted from the body, and scientific articles even suggest that hypokalemia serves as the trigger for a cytokine storm. So spironolactone has a real chance to reduce the risk of this dangerous complication. But the main thing, in my opinion, is that lowering the level of potassium in the body is extremely harmful to the heart and triggers life-threatening rhythm disturbances, increasing the risk of sudden death. We, like all others, replenished potassium with droppers, but it was more effective to retain it in the body with the help of spironolactone.

Men certainly get worse than women;  the elderly are heavier than the young;  overweight people are heavier than patients without excess weight Photo: Ivan MAKEEV

Men certainly get worse than women; the elderly are heavier than the young; overweight people are heavier than overweight patientsPhoto: Ivan MAKEEV


– Yana Arturovna, how many patients did you have on average?

– About 10 – 14 days. But someone and 50 days.

– Have you noticed signs by which it can be assumed that the disease in the person brought is likely to go the hard way?

– Such studies were carried out in the world, our clinical practice confirmed them. Men certainly get worse than women; the elderly are heavier than the young; overweight people are heavier than overweight patients. Men with a classic male type of baldness, a lot of facial hair, we can say brutal men get sick harder.

– Under what conditions did you discharge patients?

– We acted as close as possible to the recommendations Ministry of Health: so that the temperature for three days was not higher than 37.5 degrees; so that C-reactive protein (an indicator of inflammation) is lower than 10 mg / l, and saturation, that is, the level of oxygen in the blood, is higher than 96%.


– How often do you get sick doctors and nurses?

– In the first month no one got sick at all. We have a very powerful epidemiological service. The head of the sanitary-epidemiological department, a senior researcher, correctly organized the whole process, and for the first two weeks she personally worked in the sanitary inspection room at the exit from the “red zone” and helped doctors and nurses who were exhausted after the shift safely remove protective clothing.

Then both people’s fatigue and viral load accumulated. By the middle of the second month, sick people began to appear. There were no seriously ill patients. We treated part of the staff in our observation, part of it was treated at home. In total, 18 people were infected from the medical staff (less than 10%).

– Doctors take something for prevention? Vitamins C, D, Zinc?

– I saw the recommendations of American nutritionists, they speak out positively about taking zinc, melatonin and vitamin C. There were somewhat conflicting data on vitamin D. But we did not give any such recommendations to our employees. We have all the prevention was associated with minimizing contacts and other measures of epidemiological safety.

Physicians are the heroes of our time.“If you think that you are special and that a pandemic will not affect you, you are deeply mistaken,” listen to what the doctors who are fighting with coronavirus say


“They used a cure for gout against COVID”: How patients were treated in a hospital that showed the best results in Moscow

The results of treatment at the university clinic of Moscow State University were the best in the capital. “Komsomolskaya Pravda” learned the details of how doctors and scientists saved severe patients [Часть 1]

Virologist told whether it is possible to disinfect masks from coronavirus in sunlight

And also why the epidemic is gaining strength in southern countries and whether the sun affects the incidence – all this in an interview with George Vikulova (details)


What happened over night. RBC Main News :: Society :: RBC

500 thousand people died from the coronavirus, Russian banks reduced the overdraft, Trump cited intelligence information about the “conspiracy” of Russia with the Taliban, Duda could not be re-elected on the first attempt; the main news – in the review of RBC

The number of deaths from COVID-19 in the world exceeded 500 thousand people

Worldwide, more than 500 thousand people have died from the effects of coronavirus infection. According to Johns Hopkins University, the most fatalities were recorded in the United States – 125.7 thousand people died there.

  • Then come Brazil (57 thousand), Great Britain (43.6 thousand), Italy (34.7 thousand), France (29.7 thousand), Spain (28.3 thousand) and Mexico (26.3 thousand).
  • Russia takes 12th place in this rating (9073 deaths). At the same time, the country is one of the three leaders in terms of the number of infected (633.5 infected, according to the University of Hopkins, and 634.4 thousand, according to the operational headquarters).
  • In total, more than 10 million people have been infected with coronavirus infection in the world. The World Health Organization (WHO) recognized that after partial lifting of restrictions in 30 countries in Europe, the number of cases of COVID-19 began to increase again.

Banks have limited the ability to go negative on debit cards

Amid the pandemic and the decline in citizens’ incomes, Russian banks drastically reduced the average overdraft limit, which allows debit card users to spend more than is on the account.


Banks have limited the ability to go negative by debit cards :: Finance :: RBC

Banks announced a reduction in interest rates on deposits and loans after the Central Bank

“Equifax” in statistics takes into account only debit cards to which the overdraft option is connected. Banks of “not the first echelon” usually offer such a product, explained Oleg Lagutkin, General Director of Equity Bank.

The combined credit bureau (the only BKI that has data from Sberbank) includes in its statistics on overdrafts debts not only on debit cards, but also on installment cards, if banks define debt as an overdraft, explained his representative. According to the OKB, in May the average overdraft limit amounted to 42 thousand rubles, and compared with March, the indicator decreased by only 7.3%. He, like issuing overdraft cards, recovered after a sharp decline in April.

The National Bureau of Credit Histories (NBCH), which is also included in the top 3 Russian credit indexes, does not keep such statistics, a representative of the bureau said.

Why banks have changed overdrafts

A decrease in the number and volume of open overdrafts on cards is a direct consequence of bank policies in a pandemic, Lagutkin said. “By changing their lending policies after the start of the self-isolation regime, lenders extended most of the measures not only to popular consumer loans,” adds the General Director of Equifax Investment Company.

Banks reduced overdraft limits due to a general decrease in real incomes of the population, says Mikhail Doronkin, head of the bank ratings department of the NKR agency. According to him, this may be due to the peculiarities of the methodology for calculating such limits.

“If, when opening a credit card, banks can request information on income from customers to assess their reliability and set a limit, then in the case of a debit card, overdraft limits are often set automatically and do not take account transactions into account,” the analyst explains. In the pre-crisis period, providing customers with an overdraft allowed banks to earn money on those who “went into the red” or did not suspect an overdraft. “Under current conditions, the presence of such an option, on the contrary, could increase the risk of non-return,” he adds.

“Issuance of overdraft cards, including installment cards, declined significantly during quarantine, as did issuance in other lending segments. Moreover, the reduction was not so strong compared to that which we observe in the segment of credit cards, ”noted Artur Design Bureau General Director. This could be due to a lower available limit on these cards than on credit cards, which means less risk for banks, he added.

In a crisis, banks could cut low-demand products in order to reduce credit risk, agrees Sergey Grishunin, head of the rating service of the National Rating Agency (NRA). He draws attention to the fact that banks, as a rule, require customers to repay the overdraft in a short time, and the interest rate on such loans is higher than on classic credit cards. “Based on all this, it is simply unprofitable for banks to keep a product that most likely a“ good ”borrower will not use (they have a credit card, often with bonuses). A “bad” bank is not profitable, ”the expert concludes.

Bank customers began to complain about a reduction in credit card limits

Фото: Simon Dawson / Bloomberg

Which banks give customers an overdraft

According to Frank RG, there are now special cards with overdraft in the lines of five organizations: Absolut Bank, Asia Pacific Bank, Uralsib, Center-Invest Bank and Transcapitalbank. The representative of Uralsib told RBC that the bank does not offer such a product, the remaining banks did not respond to inquiries.

Which banks offer overdraft on their debit cards as an option, Frank RG does not track. Most of the large organizations surveyed said they did not provide such a service. Among them are Sberbank, Gazprombank, Otkrytie, Alfa Bank, Promsvyazbank, Sovcombank, UniCredit Bank, Home Credit, Zenit, Ak Bars, Renaissance Credit and MTS Bank. However, on the profile forum, there are many reviews of customers of large banks about connecting an overdraft without notice, technical overdraft and other problems associated with this product.

The only bank that has confirmed the availability of the overdraft option for debit cards is VTB. Such a service is offered to salary clients, a bank representative said. “In March-May, the bank did not change the terms of connection and the average size of limits for this product. “We do not notice any changes in client preferences for disabling or activating overdraft services,” he added.

Will banks become more loyal to using overdraft

“There is a version that it’s precisely by such actions that banks are preparing for the end of exemptions regarding the accrual of reserves. We believe that overdrafts in the event of a crisis may even disappear or remain only with premium customers of banks, ”says Grishunin. On Friday, June 26, the Bank of Russia announced a partial curtailment of support measures for banks introduced at the onset of the crisis. But softened reserve requirements will continue until September 30.

The Central Bank will prohibit paying with expired cards

Photo: Artem Geodakyan / TASS

Banks must form reserves not only for loans actually issued, but also for unused limits, taking into account demand ratios. Overdraft is included in this category, said the director of bank ratings of Expert RA, Ivan Uklein. According to him, banks are so far “reinsured”, and after lifting sanitary restrictions and stabilizing the situation on the labor market, the policy of creditors regarding opening overdrafts will become softer.

In June, the retail lending market experienced a recovery, says Lagutkin from Equifax. According to him, this may in the future have an impact, including on the overdraft segment.


Twitter allowed employees to always work remotely :: Business :: RBC

Employees may not return to offices after the pandemic and continue to work from home if they have the opportunity and desire, said Twitter head Jack Dorsey

Twitter allowed its employees not to return from the remote work mode to offices after the end of the coronavirus pandemic and always work in this mode. It is reported by CBS News with reference to a statement by the head of the company Jack Dorsey.

“The past few months have shown that we are coping with working in this mode. Therefore, if the circumstances of our employees allow them to work from home and they want to continue, we will allow it, ”said Dorsey.

He said that Twitter offices are unlikely to open to employees before September. However, when this does happen, the return to the previous mode of operation will be gradual. So, most business trips will not be resumed for some time and until the end of 2020 there will be no corporate events that involve the physical presence of employees, the head of the company said.

Google and Facebook employees offered to stay home until the end of the year

Last week, Google and Facebook informed employees that they could work remotely until the end of 2020. According to the head of Alphabet (Google’s parent company) Sundar Pichai, those who wish can return to their offices in the first half of the summer. He promised to take all necessary measures to ensure the safety of workers.

Facebook may begin to open its offices on July 6, but it is not yet known how many employees will resume work in them.

The companies switched to remote work in March. Earlier this month, Twitter recommended that employees work remotely to reduce the risk of coronavirus infection. In mid-March, Google made the same recommendations.

Worldwide distribution of Covid-19 coronavirus

Number of confirmed infections

Source: JHU

World Data i

Maria Lisitsyna


Sales of new cars in Russia in April fell by 70% :: Business :: RBC

The Association of European Businesses reported on the largest drop in the Russian automotive market in the history of statistics collection. Sales of new cars decreased by 102 thousand per month

Photo: Sergey Bobylev / TASS

In April 2020, when the most stringent self-isolation measures were taken in Russia in connection with the SARS-CoV-2 coronavirus, 102,089 new cars were sold in the country less than in the same period in 2019. The drop in sales was 72.4%. This was reported by the Association of European Businesses (AEB).

“After an exceptionally high level of sales in March 2020, in April, in connection with the situation around COVID-19, dealerships were forced to suspend or significantly limit their activities. Compared to the same month last year, sales fell by 72.4%, ”said Thomas Stärzel, Chairman of the AEB Automobile Manufacturers Committee.

According to him, Russia recorded the largest monthly decline in car sales in the entire history of AEB surveillance.

AvtoVAZ sales in April fell three times

Photo: Yakov Knyazev / TASS

Black April 2020 dealt a severe blow to the liquidity of dealers, and in the medium term, even to their stability. In order to stay close to customers in the new reality, we all need to try new creative formats for communication and sales, ”explained Shtertzel.


The price of Brent crude oil rose by more than 5% :: Economy :: RBC

The growth was more than 5.7% for Brent crude oil and more than 7.2% for WTI. Oil quotes rise in price after the entry into force of a new OPEC + deal on May 1 to record a reduction in raw material production



$ 25.28


Photo: Andronov Alexey / TASS

Photo: Andronov Alexey / TASS

The cost of the July futures for Brent crude oil rose by 5.79% and reached $ 27.97 per barrel, according to trading data on the ICE exchange in London. The price of WTI American oil with delivery in June added 7.23% and is trading at $ 21.21 (data as of 23:48 Moscow time).

Oil quotes began to grow after the entry into force on May 1 of the new OPEC + deal to reduce daily production by almost 10 million barrels. On the morning of May 1, the price of Brent crude for July delivery rose by more than 2% and exceeded $ 27 per barrel (at maximum Brent futures then cost $ 27.7). The price of the June WTI oil futures on May 1 at the moment exceeded $ 20.3.

In early March, OPEC + member countries were unable to agree to extend the deal. It ceased to operate on April 1, and the oil production limits set in the cartel were thus lifted: now countries themselves could regulate their production of raw materials.

Dvorkovich predicted the price of oil by the end of the year

MFIs sharply reduced the average amount of microloans for Russians due to the crisis :: Finance :: RBC

Change of trend in a few days

Large microfinance companies have confirmed to RBC that due to the crisis they began to reduce the size of loans issued. According to the estimates of Equifax credit history bureau (included in the top 3 in the Russian market), in April the average loan amount decreased to 7–8 thousand rubles. According to the results of the first quarter, it amounted to 12.8 thousand rubles, the indicator grew throughout the past year. In the statistics of BKI, loans are taken into account that are issued not only online, but also in branches.

Experts have predicted a sharp increase in the defaults of Russians on microloans

At IFC Zaymer, the average loan amount in April fell by 15% compared with March, said Roman Makarov, general director of the company. “In anticipation of difficulties in fulfilling obligations by Russians due to a reduction in income, we temporarily reduced the amounts available for issuing loans for certain categories of borrowers,” he explains. This approach has been used by many players who specialize in “payday” loans (PDL loans). “The previously existing trend of organic growth in the average loan amount was replaced by a trend of a sharp decrease in just a few days,” said the head of Seimer.

The average loan amount for new and for repeat customers decreased by 8%, to about 13 thousand rubles, said Irina Khoroshko, IDF Eurasia CEO in Russia (Moneyman brand). She attributes this not only to tightening credit policy: “A more important reason is the decrease in activity among repeat customers (about 10%). That is, customers take a loan only when absolutely necessary. ”

This is not about an organic reduction in demand from consumers, but about the policy of the lenders themselves, said Elman Mehdiyev, chairman of the largest self-regulatory organization in the MRO SRO market. “There can be many reasons: these are increased risks associated with a decrease in the solvency of the population, and the release (freezing) of a significant amount of funds for the restructuring of existing loans as part of the“ credit vacation ”.

A decrease in the average loan amount implies a more granular portfolio of microloans, which should reduce credit risks per borrower, said Suren Asaturov, deputy director of the ACRA financial institutions rating group. Together with an increase in the number of refusals in issuance, measures taken should ultimately reduce the burden on the capital of the sector, he explained.

MFI adaptation to the crisis

“We made changes to scoring in mid-March, when it became clear what kind of economic crisis Russia would face,” said Nadezhda Dimchenko, Client Product Director at MigCredit MFC. According to her, in April, the issuance of online loans was at the level of March, despite the fact that the company tightened requirements for customers.

According to Khoroshko, in Russian companies of the IDF Eurasia group the level of approval has doubled since March – up to 5% of the total flow of new customers.

Russians began to go to banks more often after two weeks of isolation

Photo: Ilya Pitalev / RIA Novosti

“Assessing the further development of events, it did not make sense to soften the credit policy in April, because now we continue to forecast a further decrease in the solvency of the population in May-June,” Makarov from IFC Seimer admits.

MFIs have been banned from working in the regions due to coronavirus

Photo: Dmitry Feoktistov / TASS

According to CloudPayments, from March 26 to April 8, Russians repaid loans at the same pace, although their incomes began to decline. In the next two weeks of April, the number of loan repayments increased by 20%. But the average amount of payment decreased – from 9.9 thousand to 7.9 thousand rubles.

“The effect of loss of income in the form of wages is usually visible only after a month. And with each subsequent month, the problem grows with an increasing coefficient. Therefore, borrowers repay more often, but in smaller amounts, in order to enter with less debt burden if possible, ”concluded in CloudPayments.

Large MFIs do not yet record a significant deterioration in the payment discipline of borrowers. But some companies see the difference in the behavior of old and newly acquired customers.

“Customers who took loans in April show fairly good payment discipline on first payments. This is a direct consequence of the tightening of scoring estimates and the twisting of the funnels that we took in March. However, in general, we see a trend towards deterioration of payment discipline for customers who were financed before the pandemic (in January – February) and who now have regular payments, ”notes Dimchenko.

Earlier, the ACRA rating agency predicted a serious increase in non-payments by clients of microfinance companies. Analysts warned that bad debt could exceed half of the total microloan portfolio.


WHO estimates possible timelines for easing restrictions due to the virus in Russia :: Society :: RBC

Photo: Sergey Kiselev / AGN “Moscow”

The mitigation of restrictive measures introduced in the framework of the fight against coronavirus in Russia is possible after two weeks if the growth rate of the number of infected people decreases during this period. This was stated by the representative of the World Health Organization (WHO) in Russia Melita Vujnovic during a round table on the theme “Recognize and defeat COVID-19: diagnostic tactics and ensuring treatment accessibility,” reports TASS.

“I am very glad that we have seen a decrease in the growth rate over the past ten days, and today in Moscow we have seen a significant decrease in infections,” said Vujnovic. According to her, in the next two weeks it is necessary to “very carefully” monitor the development of the situation and in the case of positive dynamics, we can begin to gradually ease the restrictions.

Popova announced a decrease in the growth rate of the incidence of COVID-19 in Russia

Photo: Andrey Nikerichev / AGN “Moscow”

Earlier on April 29, the head of Rospotrebnadzor Anna Popova announced a decrease in the rate of incidence of coronavirus in Russia. According to her, now the daily increase in infections in the country is 7-8%. The Governor of the Moscow Region, in turn, said that the region reached a plateau in the number of patients with COVID-2019. According to him, the daily increase in new cases of infection in the suburbs is at the level of 5-7%.

In total, in Russia, according to the operational headquarters, 99.3 thousand cases of coronavirus infection were recorded, more than 10 thousand people recovered, 972 died.


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Source: JHU,
federal and regional
anti-virus operations

Source: JHU, federal and regional anti-virus operations