2016

Почта Банк, созданный совместно с Почтой России, ожидалось, что это позволит группе ВТБ эффективно конкурировать с широкой розничной сетью Сбербанка в сфере привлечения розничных депозитов. Более того это был план ЦБ по усилению конкуренции.

Но не дождались успехп от менеджмента ВТБ и прислали Скоробогатову. Лишний раз подтвердив, что ВТБ — это спецы по шахер-махеру при наличии сильного админресурса. Чтобы быть нормальным розничным банк — у ВТБ писюн не вырос. Модель Сбера и менеджмент — более конкурентны.

FASPM has set up a dividend policy (Government Order № 705-r
dated 18.04.2016) of 25 percent of net profits applicable to all the SOEs in its portfolio

In the case of VTB, the FASPM coordinates the positions of both the Ministry of
Finance and Ministry of Economic Development. As a result, the FASPM behaves more as a coordinator
of governmental positions rather than a professional shareholder unit in search of shareholder value and
financial performance (like Khazanah in Malaysia or Temasek in Singapore).

This may also result in opaque ownership structures, where different components of the state’s shareholdings are held by different institutions or entities. For instance, the state’s majority holdings in Gazprom are split between the state’s direct ownership of 38 per cent, held by FASPM, and an indirect holding of approximately 12 per cent held through a JSC Rosneftegaz. The FASPM is the owner of the Government’s holdings in Rosneft, against which it borrowed to purchase the stake in Gazprom. The same situation exists in the case of VTB bank, which is owned by the FASPM, but the RAB also has a minority stake of 2.01 percent. Moreover, the FASPM cannot exercise any ownership rights over the subsidiaries of the companies in its portfolio. For example, in the case of VTB Bank’s subsidiaries, namely VTB 24, Pochta Bank or BM-Bank PJSC, the FASPM has no say in the governance of these banks. A more consistent and structured ownership policy can give the FASPM a more prominent role in the process of being the shareholder representative of the government in SOE and SOB boards.