Agreement for realization of property owned by Surgutneftegazbank

On February 4 between the Russian auction house and JSC Surgutneftegazbank the cooperation agreement in area of realization being in pledge at bank of personal and real estate, and also own non-core bank assets was signed. According to branch, soon in can be GLAD non-core objects of the real estate the first auction on which it is planned to organize in April-May of the current year are transferred. Now the major customer I am GLAD, on sale of problem assets (including put and own bank property) the Sberbank of Russia is. Today in interests of Sberbank it is realized assets for the sum of 8,93 billion rubles.

Working in this field has shown high effectiveness of realizing bank assets by auctions: since AHR was founded in 2009, it has realized property by order of banks for a total sum of 11.4 billion rubles.

Dmitry Suslikov, director of the Tyumen branch of the Auction House of the Russian Federation:

“The AHR has already accumulated a considerable amount of experience in developing and solving problematic assets of Sberbank all over Russia. It is noteworthy that other commercial banks are also paying increasing attention to the sale of deposited and non-core property by auctions.

Our cooperation is founded on mutually beneficial conditions: the bank will transfer deposited and non-core property for realization to us, and the AHR will sell at an auctions for a fee.”

For reference:
Surgutneftegazbk is an affiliated bank of Suruguteneftegaz, one of the largest oil and gas companies in Russia. The main areas of work are providing loans and payment and cash services for legal and physical persons, including structures and employees of the mother company, and attracting financial resources for deposit. As of 01.01.2013 the assets of SNGB came to 50.5 (94th place among Russian banks) and pure profit was 776.4 million rubles (85th place).