NPF Neftegarant has changed its main owner. Who became one and what actions can be taken?
What is the Far Eastern Bank?
On October 2, the Central Bank registered an additional issue of Netftegarant shares. They were acquired by the Far Eastern Bank. As a result, the fund's capital increased from 970.8 million rubles. up to 994 million rubles.
The financial organization named Far Eastern Bank is the brainchild of Region Asset Management. The latter belongs to Region Financial Services. Among banks in Russia, the Far Eastern Bank is ranked 128th in terms of assets.
Pension direction "Region"
NPF "Neftegarant" JSC is in the top 20 in terms of pension savings and has the ability to manage 6, 6 billion rubles, which were entrusted to him by 65 thousand Russians. The foundation year of the fund is 2014. It was then that the NPF with the same name was reorganized, as a result of which NPF and a joint-stock company appeared on the financial space. Such information can be found on the NPF website. Neftegarant, as a non-profit organization, continues to own 30% of shares through its subsidiary RN-Pension Assets. It should be noted that the NPO established Rosneft in order to provide additional non-state pension coverage for its employees. At the moment, it is in 4th place in terms of the size of pension reserves and manages 46, 7 billion rubles from 145 thousand Russian citizens.
In the final quarter of last year, the investment company GC Region acquired 9.9% of NPF Soglasie-OPS, which belongs to the Rossium concern. This fund is in the top ten in terms of the total amount of pension savings. According to the Central Bank, in 9 months he managed to increase the amount to 75, 3 billion rubles.
Among other things, the "Region" owns the NPF "Tradition", which works directly with pension reserves.
The Region Group has no plans to merge the funds, according to a company spokesman. Inna's pension assets are also not going to be acquired by the GC.
The "Region" has management companies through which pension funds are poured in. According to the law, the management companies cannot take over the management of the funds of the fund affiliated with them. The way out of the situation will be to change the investment structure of the pension plan savings.
According to Pavel Mitrofanov, managing director for corporate ratings at Expert RA, Rosneft is restructuring its pension assets. Back in 2014, the funds underwent corporatization. Then Rosneft divided the pension business, giving one NPF the right to function as an NPO. All funds, including non-profit organizations, will become joint stock companies by the beginning of 2019. It is likely that Rosneft will again merge the two NPFs to eliminate duplication of operational activities. "Region" is considered similar to "Rosneft" on the issue of structuring transactions.
