In summer 2004 the management team of Investment Bank Trust (former Trust & Investment Bank), led by the board chairman of both banks Ilya Yurov, wrapped up the acquisition of the title to controlling stakes in Bank Trust and Menatep SPb from their previous owners. As a result, the title to a 99.3% stake in Menatep SPb was assigned from MFO Menatep to Investment Bank Trust executives. In March 2005 the lender was renamed National Bank Trust, it moved from Saint Petersburg to Moscow in November 2006, and two years later the bank wrapped up the long-announced takeover of Investment Bank Trust.
At present, the lending institutions major shareholder is Management Company Trust CJSC (93.77%), whose beneficial owners, according to the intricate ownership structure, are the banks board members Ilya Yurov, Sergei Belyaev and Nikolai Fetisov. Ilya Yurov directly holds nearly a 4.5% interest in National Bank Trust. The banks minority shareholders include Merrill Lynch & Co., Inc., an investment arm of Bank of America (the worlds largest investment bank until 2008). It should be noted that the banks management was interested in taking on board an outside investor, oil producer Rosneft was mentioned in particular. At a board meeting held by National Bank Trust on December 2013, 2013 it was decided to upsize the lenders charter capital by issuing and placing additional common registered non-documentary shares. Should the additional shares be floated in full, the lending institutions charter capital will jump 25%.
The sales network consists of 10 branches and over 240 divisions of other forms in 60 regions of Russia. Around 6,000 of the banks employees serve over 1.5 mln clients.
In circulation are over 1.8 mln plastic cards issued by the bank and more than 600 ATMs of the bank are at the service of cardholders. Apart from bank cards powered by international payment systems Visa and MasterCard, retail clients are offered a wide range of credit and deposit products, cash settlement and online banking services, safety deposit boxes and brokerage services on the international FX market. The package of services for corporate clients includes standard cash settlement and lending services, deposit products, international settlements, currency control, documentary operations, investment solutions, the issue and support of corporate bank cards, cards issued as part of payroll projects, etc.
The lenders assets climbed nearly 20% or by Rub 31.2 bln in January — October 2013. The lending institutions funding was increased by the money drawn from households and businesses, and also by inter-bank loans. Currently around 70% of the banks net assets fall to the credit portfolio, with NPLs equal to about 5%. Also, more than two thirds of all loans were issued to households. Nearly 20% of net assets fall to investment in securities, primarily debt obligations of Russia, Eurobonds, stocks and bonds of Russian companies. The lenders primary source of funding is retail deposits (51% of liabilities) and balances held on settlement and deposit accounts of corporate clients (25% of liabilities). The lending institution is a net creditor on the inter-bank lending and deposit markets. It should be noted that the banks capital adequacy ratio (№ 1) has dropped since early 2011 and reached 10.16% by May 1 (the minimum threshold set by the Bank of Russia is 10%), but later rose from 10.30% to 11.06% (10.42% at the moment). As said by the banks board chairman Ilya Yurov, this was driven by a heavier burden on capital in order to cut costs and improve the banks financial showings.
The bank finished FY12 with net profit of around Rub 1.5 bln under RAS (the banks FY11 net profit amounted to Rub 1.9 bln).
The Board of Directors: Ilya Yurov (chairman), Nikolai Fetisov (president), Sergei Belyaev, Andrei Drozdov, Grigory Kurzer, Nadia Cherkasova, Ekaterina Krivosheeva, Grigory Vartsibasob and Carl Jengar.
The Management Board: Fyodor Pospelov (chairman), Sergei Vorobiev, Evgeny Romakov, Oleg Dicusar, Ekaterina Krivosheeva, Sergei Vorobiev, Vasily Kuznetsov, Stanislav Sushko and Evgeny Ivanov. Hide