Andrey Vdovin banker latest publications. Ex-Minister of Culture Kapkov was robbed by a cultureless widow. Vdovin got confused in his testimony

There has been a pause in the business biography of serial banker Andrei Vdovin, which, judging by recent events, may drag on for a long time. If not forever. Back on April 1, the Asian-Pacific Bank (ATB), the last of a series of banks controlled by Andrei Vdovin, was supposed to report on compliance with the Central Bank’s order to create reserves.

And although Andrey Vdovin with his “special” relationship with the Central Bank, this time his scheme most likely will not work. Rumors have been circulating around the market for several months now that the banker did not tempt fate and left his job and the country. This is indirectly evidenced by the sudden intervention in the divorce case of the Vdovins by a number of “third parties.” Creditors of Andrei Vdovin, which include Baikal Bank, family Sergei Kapkov, companies Ashaya Investments And Ari Solutions challenged the decision of the Khamovnichesky Court of Moscow on the division of property between Andrey and Sofia Vdovina.

The fact is that after the divorce of the spouses, the latter became the happy owner of beautiful apartments in Moscow and London, as well as a plot of land in the Moscow region, while her husband remained “without a nose” - the owner of shares in three Russian LLCs, as well as land plot an area of ​​10 acres with a wooden garden house (popularly this “complex” is known as an ordinary dacha).

According to the calculations of attentive creditors, in monetary terms, the distribution of property was 10 to one in favor of the happy wife, and they suspect that such generosity of Andrei Vdovin is explained not so much by warm feelings for his ex-wife, but by the intention to hide his own assets from creditors.

But to an outside observer, what is most striking about these proceedings is the scale of the case itself. We are talking about the property of a man who, since the late 1980s, led banks and entered into deals worth hundreds of millions of dollars. One of two things - either all these billions of Vdovin are an absolute myth, and they in reality belonged to completely different people, or we are talking about the remnants of a once big pie. And creditors are trying to collect the last crumbs from the table. Either of these options does not bode well for Asia-Pacific Bank. They do not comment on rumors about where Vdovin is now, but in the latest report for 2017 they questioned the very possibility of continuous activity credit institution.

Fuss around the bank

Financial requirements for the bank are only the visible part of the ATB problem. A year ago, the Moscow office of a credit institution was stormed by a group of special forces soldiers. They were not at all interested financial statements. According to official representatives of ATB, special forces arrived on their own call in order to stop certain representatives of the Federal Bailiff Service who were holding accounts for one of the clients.

A few days later, the special forces visit was repeated, after which a leapfrog of personnel changes followed - both among the bank’s managers and among its shareholders. As a result, Andrey Vdovin, who controlled a total of 67.58% of the bank through the companies PPFIN Region and Texan Enterprises Limited, became a minority shareholder. This happened at the request of the Central Bank, which categorically demanded that the banker, as well as his historical partners - Maslovsky and Hambro - remove themselves from the strategic owners. In December last year, their total share dropped to 8.24%, and suddenly someone became the main shareholder Maxim Chernavin, who was previously seen as a “talking head” for Bank M2M Europe.

These reshuffles were an outright mockery of the Central Bank. The fact is that the Latvian Bank M2M Europe was a subsidiary of the Russian bank M2M Private Bank, which, in turn, was a wholly owned subsidiary of ATB. In December 2016, the Central Bank revoked the license of M2M Private Bank, after which, on this basis, it began to demand that Vdovin and his company leave ATB. The functionality of M2M Europe, registered in Latvia, was obvious; M2M Private Bank, focused on servicing wealthy clients, also fit perfectly into it. But the presence in this “money pipe” of ATB Bank, which grew out of the Soviet branch of Promstroibank, which retained ties with the leading industrial enterprises of the region, was too provocative even for experienced and experienced employees of the Central Bank’s supervisory block.

One less Far East

As in the case of Andrei Vdovin’s property, this episode raises the question of how independent he is in making his decisions, a banker who is not the first time to “light up” the banking market. They passed through it " Asia-Trust», Expobank, « Moscow business world"(MDM) and European-Asian credit bank . Each of them had their own, very difficult story, and they all ended sadly. Nevertheless, the banker Vdovin managed to get away with it. This time the situation looks especially grim.

It is quite obvious that the structures of Andrei Vdovin, his old friend Pavel Maslovsky and the British aristocrat who joined them Peter Hambro played a systemic role in the ATB business, which was prudently built according to the TBTF (too big to fail) principle. Dismantling such rubble, especially in a situation where the main operator of the schemes is hiding abroad, is not the most rewarding task. Moreover, we are talking about the strategically important region of the Far East. But if Andrei Vdovin is just a cameraman, then by definition he is not interested in issues of the Far East.

At the end of April 2018, the Tverskoy District Court arrested co-owner of the Asian-Pacific Bank Andrei Vdovin in absentia. He is accused of fraud and theft of $13 million. Not only investigators have claims against the once successful banker, ex-president of the Russian Golf Association and co-owner of the premium chain Azbuka Vkusa. central bank accuses ATB of creating a financial pyramid (the bank went into reorganization on April 26), and Vdovin’s acquaintances are trying to recover millions of dollars from him and his partners in courts around the world. The entrepreneur himself left Russia back in 2017. Until now, Vdovin has not outlined his version of events in detail; for Forbes, the banker spoke about the collapse of the business empire.

Gold and money

Andrei Vdovin owes much of his career to former associate professor at the Moscow Aviation Technological Institute Pavel Maslovsky. In 1993, Maslovsky and his partners organized the Tokur-Zoloto company, which owned an old gold extraction factory at the Selemdzhinsky mine in the Amur region. The company actively sold its shares to the public. The shareholders' money helped in 1994 to purchase a license for the exploration and development of the Pokrovskoye gold deposit. The settlement bank of Tokura was the Blagoveshchensk Asia-Trust, whose Moscow office was headed by a 23-year-old graduate of the Financial Academy under the Government of the Russian Federation, Andrei Vdovin. His deputy was another graduate of the Financial Academy, Kirill Yakubovsky, and it was he, as Vdovin says, who introduced him to Maslovsky.

Soon, Maslovsky and his first partners parted ways; he met the Englishman Peter Hambro and together with him began to develop the Pokrovskoye field. Tokur and its shareholders faced an unenviable ending; the company was declared bankrupt in 1997. At the same time, the license of Asia-Trust was revoked. However, Vdovin and Yakubovsky no longer had anything to do with the bank; in the mid-1990s they headed Expobank, where clients from Asia-Trust moved to. Expobank belonged to the Wimm-Bill-Dann company Gavril Yushvaev, David Yakobashvili and partners. In 1999, the assets of Expobank were purchased by MDM Bank of Andrei Melnichenko and Sergei Popov. And Vdovin and Yakubovsky got a license and a brand for $3 million. This deal was financed by Maslovsky and Hambro; they had just started mining gold at the Pokrovskoye deposit and trusted the young financiers, receiving an option for 50% in Expobank in exchange for money.

Vdovin and Yakubovsky did not let the gold miners down. They managed to build the VMHY Holdings group (an acronym for the names of four co-owners, equal partners) around Expobank. In addition to Expobank, the holding included Expo-Leasing, Insurance Company Helios-Reserve and factoring FTC, as well as retail Asian-Pacific Bank, Kolyma Bank and National Development Bank. The gold mining business of Maslovsky and Hambro also grew: in 2002, their company Peter Hambro Mining PLC (renamed Petropavlovsk PLC in 2009) placed shares on the London Stock Exchange. stock exchange, by the summer of 2006 its capitalization increased 50 times, to $2.4 billion, Maslovsky entered the Forbes list.

In 2006, 20% of ATB and Kolyma Bank (they were later merged) were bought by the East Capital Group fund for $23 million. And in the spring of 2008, Vdovin and Yakubovsky managed to conclude one of the most successful deals, selling Expobank with assets of 24 billion rubles to the British group Barclay’s. The British sought to increase market share. Russia, with economic growth of 6-7% per year, seemed to be a promising market. Barclay's paid its partners an impressive $745 million, valuing Expobank at a multiple of 4 to capital. Even before this deal, Vdovin and Yakubovsky decided to build on the basis National Bank developing a business serving wealthy clients. They told all Expobank depositors whose funds exceeded $100,000 to move to the NBR, renaming it M2M Private Bank. And vice versa, corporate clients left the NBR for Expobank. Expobank's British shareholders were ultimately disappointed; in the fall of 2011, they sold the bank to Igor Kim, writing off about £300 million in losses.

And Vdovin, Yakubovsky, Maslovsky and Hambro, having paid off the debts of VMHY Holdings, received $400 million after the deal with Barclay's. Of this, as Vdovin says, $200 million was distributed in the form of dividends, the rest of the money was left “in the business” - the partners were preparing to make major acquisition not related to finance. They became a shareholder in the Azbuka Vkusa premium supermarket chain.

Debtor to Abramovich

The Azbuka Vkusa group of companies, founded in 1994 by Maxim Koshcheenko, Oleg Lytkin, Oleg Trykin and Sergei Vereshchagin, has been a client of Expobank for a long time. Therefore, when in the spring of 2008 Trykin and Vereshchagin decided to sell 30% of 50% of their shares, VMHY Holdings became the buyer of the 25% + one share stake. By 2012, Vdovin and his partners increased their share in the premium retailer to 49% - through participation in an additional issue and the buyout of the shares of Trykin and Vereshchagin, who left the chain’s shareholders. Today Vdovin estimates VMHY Holdings’ investment in Azbuka Vkusa at $120 million. “The last package was bought based on the company’s valuation of $700 million,” the banker recalls. According to him, the shareholders of VMHY Holdings have never participated in the operational management of ABC of Taste: “For us, it has always been a portfolio investment.”

In parallel, together with Yakubovsky, they developed the banking business. In an effort to scale the M2M Private bank business, the partners began to look for a bank abroad. They looked closely at the assets of the Latvian Parex banka and its Swiss subsidiary Anlage & Privatbank. As a result, in mid-2013, Vdovin personally bought a small Latvian bank, Latvijas Biznesa Banka. The bank was subsequently renamed Bank M2M Europe and became a link between Moscow M2M and European banks, where wealthy clients could transfer money.

And in 2014, the partnership with Yakubovsky collapsed. An acquaintance of Vdovin claims that at some point Yakubovsky wanted to get into real estate (he is now developing the Netizen hostel chain) and decided to take out a loan secured by a share in Azbuka Vkusa. However, according to the VMHY Holdings shareholder agreement, this would automatically lead to a pledge of the shares of Vdovin, Maslovsky and Hambro. As a result, the partners decided to buy out Yakubovsky’s share. Vdovin denies the existence of such a mechanism. "There were different understandings of what directions the band should go in, and perhaps psychological fatigue - we had been partners since the early 1990s," he explains. According to him, the idea to buy out Yakubovsky’s share came from him, Maslovsky and Hambro agreed.

Yakubovsky’s 25% share, according to Vdovin, was bought for $125 million, based on the valuation of the entire group at $600 million. Funds for the buyout were raised in the form of a two-year loan from Alexander Abramov’s Invest AG and Roman Abramovich’s Millhouse as a pledge of 25% of ABC of Taste. Vdovin says that he doesn’t know Abramovich closely, but he knows Andrei Gorodilov and Irina Panchenko from the billionaire’s team well. The deal with Yakubovsky was closed in October 2014. And soon they regretted it.

According to Vdovin, historically the VMHY group attracted financing in foreign currency, so in November 2014, when the ruble exchange rate fell by half, the partners found themselves in a classic “scissors.” He recalls that Azbuka Vkusa violated covenants in terms of debt/EBITDA, and the company’s valuation fell to $250 million. “We must give credit to the Invest AG team, they met halfway and agreed that we would pledge another 7.5% of Azbuka taste,” says Vdovin. But the problem could not be completely solved. An acquaintance of Vdovin recalls that “Azbuka Vkusa” had a difficult time surviving the introduction of sanctions and the ban on the supply of premium products to Russia - the business model was collapsing.

The beginning of the collapse

In 2015-2016, VMHY Holding (Vdovin, Maslovsky and Hambro equally distributed Yakubovsky’s stake) was actively looking for co-investors. In a presentation for investors (available to Forbes), it was proposed to create an SPV company, which would include 49% of ABC of Taste and 75% of ATB. The value of these assets at that time was estimated at $400-450 million. The potential investor was supposed to transfer a 50% share in exchange for a three-year loan for $300 million. It was emphasized that in two years the value of the assets in the SPV would double and reach almost $1 billion. Vdovin admits that negotiations were held with potential investors. One of them, he said, was the Bonum Capital fund. He is associated with billionaire Suleiman Kerimov. However, it was not possible to find a new partner. And at the end of 2016, the group was unable to pay Invest AG. As a result, Abramovich and Abramov received 34% of the ABC of Taste. VMHY Holdings retained a 12% stake.

At the end of 2016, the partners lost not only part of the ABC of Taste shares - in December 2016, the Central Bank revoked the license of M2M Private bank. Vdovin, recalling this, speaks of a significant tightening of the principles of the Central Bank’s supervision of banks in 2015, which was superimposed on the crisis and the deterioration of the payment discipline of borrowers. “The creation of reserves for private loans led to a serious decrease in ATB’s capital,” explains Vdovin. - It was decided to replenish ATB’s capital by selling M2M shares to it and subsequently contributing money to ATB’s capital. So M2M became a subsidiary bank of ATB.” The financier claims that he had a plan to merge ATB and M2M Private bank, which had been discussed with the Central Bank since at least 2014.

It was proposed, among other things, to abandon the private banking direction, retaining only M2M technologies, and the bank began to reduce its business. “We reduced the M2M balance by 15 billion rubles, while the bank paid clients partly through own funds, partly due to an ATB loan of 6 billion rubles,” explains Vdovin. “The Central Bank did not like this, which prohibited ATB from lending to M2M.” This happened in October 2016; already in November, M2M began to experience liquidity problems and delay payments. Vdovin claims that the developed plan made it possible to merge the business of the two banks without losses for clients and deterioration of business. “ATB’s business model was very profitable, the bank had a strong position in the regions. However, the Central Bank did not accept our arguments. As a result, M2M clients lost about 5 billion rubles, and ATB found itself on the brink of survival,” the financier laments.

The M2M Private bank, which lost its license (the Central Bank estimated the hole in its capital at 8.8 billion rubles), indeed pulled the Far Eastern bank with it - when the Central Bank ordered ATB to create 100% reserves for the M2M loan. Already at the end of 2016, ATB suffered a loss of 12 billion rubles, and the auditor KPMG in its conclusion expressed doubts about its ability to reserve debt. It also turned out that in addition to M2M, the bank issued more than 5.1 billion rubles to Andrey Vdovin, the Cypriot V.M.H.Way Holdings Limited and the FTC company. These debts totaled more than 70% of ATB's equity capital.

Vdovin says that since then he has not taken part in the management of ATB, since he was included in the “black” banking list of the Central Bank. In addition, the regulator ordered VMHY Holdings to reduce its stake in the bank from 67% to below 10%. This requirement was fulfilled only by December 2017, but rather formally. ATB shares were redistributed among existing shareholders: the largest were VMHY employee Maxim Chernavin (31.8%) and IFC (25.4%), increasing their shares from 8% and 6.7%, respectively. “Nobody now wants to invest in the unpredictable banking sector,” says Vdovin. “Therefore, we could not formally comply with the Central Bank’s order to reduce shares in ATB.” Selling a stake in the Latvian Bank M2M Europe turned out to be easier. An acquaintance of Vdovin says that the local regulator (the Financial and Capital Market Commission) personally insisted that the banker withdraw from the bank’s capital. The new shareholders were a group of investors led by Signet Global Investors Ltd. They bought Vdovin’s share in the summer of 2017 for €7 million and renamed the bank Signet Bank AS.

Personal guarantees

Vdovin says that there was an opportunity to save ATB: “Even after the collapse of M2M, it remained an extremely profitable bank and by April 2018 it had created all reserves, having met all the standards. The holders of the credit notes and the IFC shareholder agreed to transfer their subordinated loans (about 4 billion rubles) to Tier 1 capital.” The Central Bank admitted that ATB had indeed formed 100% of the reserve before the announcement of its reorganization. The regulator's patience was overwhelmed by the discovery of a financial pyramid in the bank. It turned out that ATB branches offer the public bills of exchange from the factoring company FTC, which is part of VMHY Holdings. The company itself did not have cash flow, the bank had 100% reserves for her, and she could pay off the bills issued exclusively by issuing new ones. “ATB Bank actually managed this pyramid, selling people promissory notes of the company, whose debt to itself it recognized as problematic, almost hopeless for repayment,” said the Central Bank in a commentary sent to the media.

“The FTC bill program was agreed upon by the Central Bank! - Andrei Vdovin is indignant. - The bank reported on issued bills on a regular basis. The program was aimed at refinancing FTC loans to ATB. All money from the bills remained in the bank, which was under the full control of the Central Bank. I did not take part in the management of the bank, but I know that there was a plan to repay the bills during 2018 at the expense of the current business of the FTC and repay part of the debt.” The financier’s words that the Central Bank received reports on the situation with the FTC are confirmed by the bank’s correspondence with the regulator from 2016, which is at the disposal of Forbes.

With bewilderment, the banker comments on both his arrest in absentia and the charge of fraud, for which he faces up to 10 years in prison. According to Kommersant, law enforcement officers established that ATB took out two loans from offshore companies for $13 million, for which Vdovin acted as a guarantor. The money was not returned to the creditors. “A criminal case was initiated at the request of the Ashaya company, which belongs to Rustem Magdeev,” says Vdovin. - Ashaya provided a loan to VMHY in 2012. And until 2016 I received high interest rates for this loan. It is not very clear why I am accused of this. Not only is this a civil dispute, but I had no special status within VMHY Holdings. I was one of the shareholders through a family trust, which is disclosed in all regulatory documents" Magdeev, in a conversation with a Forbes correspondent, denied that Ashaya belongs to him, refusing additional comments.

Vdovin admits that in 2015-2016 he “committed stupidity” by giving personal guarantees for a number of loans to VMHY Holdings, which were taken out long before that. Who are the creditors? This, for example, is Vdovin’s old acquaintance David Yakobashvili. He told Forbes that in 2011 he deposited about $20 million into an account at M2M Private Bank under the verbal guarantee of Andrei Vdovin. Shortly before this, Yakobashvili and partners sold 66% of Wimm-Bill-Dann to PepsiCo for $3.8 billion. In 2012, Vdovin asked to transfer money from the bank to the account of his Cypriot VMHY Holdings Limited. “That’s what I did,” says Yakobashvili. “I didn’t ask for any special justification from him; everything was done solely on trust.” Everything was fine until in 2014 Yakobashvili asked to return the money - the banker refused under various pretexts. “Today, in total, taking into account interest, he owes me about $25 million, I have a corresponding receipt from him,” assures Yakobashvili. He says VMHY Holdings' total debt to him and his close friends and associates exceeds $130 million.

Among the creditors of VMHY Holdings is the president of the Russian Transcontinental Media Company, Alexander Mitroshenkov. In mid-2017, the High Court of London sided with him in the case of collecting €7.6 million from Andrey Vdovin. TMK did not answer Forbes’ questions. There are other cases won, says Yakobashvili - only about $50 million. We are talking about courts in both London and Cyprus. Guided by these court decisions, Yakobashvili, together with his partners, also intends to file claims personally against Vdovin, and not against VMHY Holdings Limited.

Yakobashvili is confident that the reason for the collapse of the group is not the tightening of supervision by the Central Bank or the collapse of the ruble exchange rate. “This was a deliberate withdrawal of money,” he is sure. The total amount of the group's debt, according to his estimate, is about $700 million, of which about $400 million can no longer be repaid for various reasons. “We will seek the return of the remaining $300 million, for which there are personal guarantees and liability of the co-owners of VMHY. They will have to pay,” says Yakobashvili, claiming that he also has claims against Maslovsky, Hambro and Yakubovsky. Maslovsky and Hambro declined to comment for this article. Yakubovsky stated that he has had nothing to do with VMHY Holdings since 2014, and all decisions in the group were always made personally by Vdovin.

Tense relationships with former partners and clients are part of Vdovin’s daily routine. At the request of creditors, for example, the money he received from the sale of a Latvian bank was frozen. “I feel like I let my partners down when I insisted on buying out Kirill Yakubovsky’s share,” Vdovin regrets. According to the former co-owner of ATB, the total debt of the VMHY group is $600 million, of which $120 million is due to debts to former banks M2M and ATB groups, about $350 million - loans from individuals. “Historically, we have never attracted financing from the group’s banks, but in 2014, when problems began with our clients and creditors, we were forced to do so,” admits Vdovin.

In late 2017, VMHY Holdings sent out a notice of reorganization to its creditors. “We wanted to carry out the restructuring through the Cypriot court through the bail-in mechanism (a mechanism in which investors, both individuals and legal entities, receive a share in the debtor company in proportion to their contributions - Forbes), explains Vdovin. “But after we lost key assets, I don’t think it will work.”

The rating of the Asian-Pacific Bank (APB) was retained by Fitch as negative. The CCC value means that the bank may default. Andrey Vdovin, head of ATB, seems to have jumped to the point. All his banking activities were accompanied by scandals from the very beginning. Back in 2001, the Vedomosti newspaper called Vdovin's Expobank a "laundry".

The bank was the first in Russia to become famous for being accused of money laundering. Andrey Vdovin blamed everything on unscrupulous clients. However, time has shown that, most likely, the banker only has himself to blame for all his troubles. Expobank was Vdovin's first bank to fall into scandal. The banker sold it to the English bank Barklays for 4 times its cost. How did this happen? It turned out that many funds were simply placed in the bank at greatly inflated interest rates. When the English bank figured it out, it was already too late. Barklays, as a result of a “successful purchase”, lost 2/3 of the invested funds - 0.5 billion pounds sterling. At that time, the amount was simply huge.

With the proceeds from the sale of Expobank, Vdovin acquired M2M Bank and ATB. M2M was originally intended for special clients. In other words, apparently, to withdraw money from him in the interests of Andrei Vdovin. And they “swimmed” in the direction he needed?

The Central Bank noticed this and prohibited the bank from transferring client funds abroad. The regulator also limited the amount that the bank itself could transfer to $10 million. Then Vdovin began pumping M2M loans through ATB. They were distributed to companies with a dubious reputation and, apparently, were not returned. Probably, this is how the money was already withdrawn from ATB.

When the Central Bank banned ATB from lending to M2M, it immediately became clear that it was no good in the banking market. The bank fulfilled its role as a “vacuum cleaner,” apparently assigned to it by Vdovin. In December 2016, his license was taken away. And immediately after that, problems began with ATB itself. He stopped lending to businesses; the debt at the end of 2016 amounted to 2 billion rubles. All Andrei Vdovin’s attempts to somehow correct the situation led to nothing. And then the “swing” with the Central Bank began.

Non-executive Vdovin?

For a completely unknown reason, the regulator provided Vdovin with a preferential installment plan for a year to form reserves for M2M. This is an unprecedented case for a private bank. And it caused a lot of chatter in the market. Maybe the Central Bank participated in Vdovin’s machinations with M2M? Because surprisingly, Andrei Vdovin does not demand compliance with his own instructions.

Will Elvira Nabiullina tell the truth?

The Central Bank ordered the bank's shareholders to reduce their shares to 10% within 90 days. If this requirement is not met, the Central Bank could reduce them by court decision. The deadline expired in April, but there was no reaction from the Central Bank towards shareholders. Reducing Andrei Vdovin's share in ATB would allow him to be removed from ATB management for a damaged reputation. Why hasn't this been done yet?

In May, the Central Bank demanded that ATB additionally accrue M2M reserves for loans of 5 billion rubles. This amount was issued to Andrei Vdovin by the bank in the form of loans. Instead of complying with the order, Vdovin stated that he did not recognize claims for the loans. The deadline for additional accrual expired in June. And again there was no reaction from the Central Bank.
Experts suggest that Andrei Vdovin simply does not have the money to comply with the instructions. Today, problem loans account for 70% of ATB's capital. And he still needs to create reserves for the M2M bank in the amount of 7 billion rubles during 2017. And how is Vdovin going to do this without money?

The banker rushed to find investors. Negotiations were conducted with Bank St. Petersburg and MTS Bank. However, this attempt was apparently unsuccessful. And this is completely unsurprising. This is how you buy something from Vdovin, and then you lose money on it significantly. And the banker’s reputation is not at all conducive to conducting any joint business with him.

Banker - did you cheat?

In 2015, Andrey Vdovin took out a loan for 204 million rubles. at "BaikalBank", the largest financial institution Buryatia. And in 2016, Vdovin stopped servicing this loan. Apparently, he initially did not intend to give it away. And he didn’t even show up in court, where the debt collection case was being considered. Vdovin borrowed $150 million from Roman Abramovich and Alexander Abramov to create the Azbuka Vkusa supermarket chain. When it was necessary to return the money, Vdovin did not have it. His business partners had to go to the Cyprus court. The plaintiffs wanted money from Vdovin, but they had to be content with only Vdovin’s shares. At least they got something out of the cunning banker.

In August, it became known that the banker owed $11 million to Finprombank, which he borrowed on September 30, 2016. A claim against Vdovin for declaring him bankrupt was filed by the bankruptcy trustee of the bank, whose license was revoked on September 19. And then information appeared that the businessman was in a state of divorce. Apparently, the prudent Vdovin decided in this way to complicate the alienation of his property. The wife allegedly claims half of Vdovin’s property.

All year Andrey Vdovin fights against ATB like a fish against ice. And the only thing that saves him is that the Central Bank does not take decisive measures against the banker. However, apparently, Vdovin’s reckoning for his banking “art” is close. If ATB does not fully reserve a loan of 7 billion rubles, its fixed capital and total capital indicators will collapse to 3.1 and 6.1%, respectively, which is below the minimum requirements of the Central Bank. So far, Vdovin says that everything is going according to plan and 32% of the M2M loan has already been reserved.

There is only a month and a half left until the end of the year, so the pace of reservations is unlikely to correspond to the plan that the banker is still talking about. Of course, he can tell anything he wants, but Andrei Vdovin no longer has faith in the banking market. And soon Vdovin may find himself at the broken bank trough from which he has been feeding for many years.

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"News"

The banker was arrested in absentia

The Tverskoy District Court of Moscow arrested in absentia co-owner of the Asian-Pacific Bank (ATB) Andrei Vdovin. The banker is charged with two counts of fraud: according to investigators, Mr. Vdovin was involved in the theft of a total of $13 million received by the bank in the form of loans. His lawyer argued that we were talking about civil legal relations in the business sphere, to which the banker himself had nothing to do with it, but the court was not convinced.

The court arrested the co-owner of the Asia-Pacific Bank in absentia

The Tverskoy District Court of Moscow arrested in absentia Andrei Vdovin, co-owner of the Asia-Pacific Bank (ATB) and a minority shareholder of the Azbuka Vkusa supermarket chain, on charges of fraud. RAPSI reports this.

Petropavlovsk without bankers

The Asian-Pacific Bank (ATB), until the end of 2017, was controlled by the co-founders of the gold mining company Petropavlovsk Pavel Maslovsky, Peter Hambro and Andrey Vdovin, decided to sell 9% of this company. At the end of last year, these businessmen had options to buy out this stake (de facto, they pledged it to the bank under a loan), but there is no official information about their participation in the upcoming deal.

On March 1, the ATB Board of Directors will consider the issue of the bank’s withdrawal from authorized capital gold mining Petropavlovsk, the bank said in a statement.

Mainbanker Andrey Vdovin became editor of Spears’s Russia

Chairman of the Board of Directors of M2M Private Bank, co-owner of the Azbuka Vkusa supermarket chain and President of the Russian Golf Association, Andrei Vdovin, has now taken the chair of editor-in-chief of the Russian version of Spear’s Russia magazine. He promises that under his leadership the publication will publish articles about the personal achievements of bankers, their ups and downs in business.
link: http://www.rbcdaily.ru/media/ 562949988800533

Khait and partners are negotiating the purchase of Guta Insurance and Muscovy

In addition, B. Khait’s partner in the Asian-Pacific Bank, Andrei Vdovin, is negotiating the acquisition of the Moscovia insurance company, another source told the agency. At the same time, according to the agency’s interlocutor, negotiations have already been going on for more than six months and have not yet entered the final stage. He suggested that “it was precisely because of the delay in reaching the Moscovia deal that decisive steps were taken towards Guta Insurance.”
link: http://www.asn-news.ru/smi/ 8013

Asia-Pacific Bank lowered loan rates

OJSC Asian-Pacific Bank was founded in 1992 in Blagoveshchensk under the name Amurpromstroybank. In 2006, the bank came under the control of PPFIN Holding and received its current name. Strategic direction of activity - retail business. Before the completion of the merger with OJSC Kolyma-Bank and OJSC Kamchatprombank, Andrey Vdovin, Pavel Maslovsky, Peter Hambro and Kirill Yakubovsky each controlled 16.82% of the shares, the East Capital investment fund - 17.5%, IFC - 10%, chairman board of the bank Evgeniy Aksenov - 4.83%.
link: http://credit-lines.ru/aziatsko-tikhookeanskii-bank- snizil-stavki-po-kreditam

Ifc invests almost 1 billion rubles in the Asia-Pacific Bank

Asia-Pacific Bank is part of the Petropavlovsk group of companies, the beneficiaries of which are Kirill Yakubovsky, Andrey Vdovin, as well as the founders of the British gold mining company Peter Hambro Mining Peter Hambro and Pavel Maslovsky. The Swedish fund East Capital is already a minority shareholder of the Asia-Pacific Bank. Based on the results of the first half of 2008, Asian-Pacific Bank ranks 163rd in terms of assets in the Interfax-100 ranking compiled by Interfax-CEA.
link: http://rosinvest.com/novosti/ 432996

M2M Private Bank elected a new Chairman of the Board

Due to the priority of this project for the Bank's shareholders, as well as for its even more dynamic development, the Meeting of Shareholders of M2M Private Bank OJSC on June 30, 2009. Andrey Vadimovich Vdovin was elected Chairman of the Board of OJSC M2M Private Bank. July 1, 2009 his candidacy was officially approved by the Central Bank of the Russian Federation
link: http://bankir.ru/bank/news/ 93280/2278362

Moscow company wants to buy Parex banka

VMHY is owned in equal shares by Russian citizens Kirill Yakubovsky, Andrey Vdovin and Pavel Maslovsky, as well as by Englishman Peter Hambro. “The name was made from the first letters of the surnames of the co-owners,” Andrey Novikov, managing director of PPFIN Holding Ltd (a subsidiary of VMHY that manages its banking assets), explained to Business&Baltia.
link: http://www.kompromat.lv/item. php?docid=readn&id=5734

Andrey Vdovin assumed the position of Chairman of the Board of M2M Private Bank

On July 28, Andrey Vdovin assumed the position of Chairman of the Board of M2M Private Bank, the press service reported credit organization. On June 30, he was elected to this position by the meeting of bank shareholders. The message also says that Vladimir Zrazhevsky was elected as his first deputy.
link: http://www.banki.ru/news/lenta/?id=1377815

Barclays Bank PLC acquired 100% of the shares of Expobank CB LLC for $745 million.

Andrey Vdovin and Kiril Yakubovsky will retain their seats on the bank’s Board of Directors. Sergey Radchenkov will retain the post of Chief Executive Officer and will report to A. Khan.
link: http://www.cko-info.ru/bank3/

VMHY Holdings, owned by Andrey Vdovin, Kirill Yakubovsky, Pavel Maslovsky and Peter Hambro, intends to buy part of the assets of the Latvian Parex banka

VMHY Holdings, owned by Andrey Vdovin, Kirill Yakubovsky, Pavel Maslovsky and Peter Hambro, intends to buy part of the assets of Parex banka, its representative said. On March 1, VMHY submitted an application to the Latvian Privatization Agency (the main owner of the bank), the managing director of PPFin-Holding (owns VMHY) Andrey Novikov conveyed through a representative. According to him, the company is only interested in that part of Parex’s business that relates to the management of large private capitals: Parex Assets Management and the Swiss Anlage & Privatbank. The company expects a response from shareholders “in the near future,” Novikov said, refusing to discuss possible parameters of the deal. Maslovsky forwarded the questions to his partner, Vdovin: “I am involved in the mining part [of the general business – Petropavlovsk], and Vdovin is involved in the banking part.” It was not possible to contact Vdovin.
link: http://www.top-personal.ru/pressissue.html?22628

Private banking in Latvian

According to M2M Private Bank, the current Chairman of the Board Andrey Vdovin will be responsible for strategic development and will remain a member of the board of directors. “We realized that we are ready to expand the boundaries of our presence and serve not only Russian clients. To implement strategic development plans at the international level, we need a manager with Western experience who has an impeccable reputation in the international banking community,” said Mr. Vdovin.
link: http://www.rbcdaily.ru/2010/10/12/finance/562949978982973

M2M held the Russian Challenge Cup 2012

M2M Banker’s Cup Pro–Am Russian Challenge Cup 2012 gathered an impressive line-up of players - mainly the bank’s clients and friends, personally invited by Andrey Vdovin, the bank’s shareholder. A total of 25 teams took to the starting line, in which golf fans had a unique opportunity to walk the course shoulder to shoulder with experienced professionals of the European Challenge Tour.
link: http://finparty.ru/section/events/record/1551/

Former owners of Expobank want to enter Switzerland through Latvia

The main shareholder of M2M Private Bank, the VMHY group, owned by Andrey Vdovin, Pavel Maslovsky, Peter Hambro and Kirill Yakubovsky, plans to enter the Swiss market. As Robert Idelson, chairman of the board of M2M Private Bank, told RBC daily, the group has plans to buy a bank in Switzerland. VMHY wants to enter this market to create the infrastructure for a full range of services for servicing clients’ domestic and offshore capital, Mr. Idelson explained.

“We are creating an infrastructure that is typical for Europe, but unique for Russia,” explained Robert Idelson. - In Russia, basically all proposals come down to two things: either a deposit in a bank, or management investment portfolio within the local market, which means a fairly narrow range of offers. Normal private banking should provide the client with the opportunity to place capital around the world.”
link: http://www.rbcdaily.ru/2011/06/02/finance/562949980356781

M2M Private Bank among the top three Russian banks - SREAR’S Russia Wealth Management Award 2011

M2M Private Bank was one of the three leaders vying for the award as “Best Russian private bank", together with Alfa-Bank ("A-Club") and VTB24 Private Banking. Foreign banks represented in Russia have a similar position: Credit Suisse, Deutsche Bank and UBS Wealth Management. Andrey Vdovin, Chairman of the Board of Directors of M2M Private Bank, was included in the list of “Gentleman of the Industry” nominees. The full list of shortlisted organizations and individuals is presented on the official project portal PBWM.ru.
link:

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