Sotsgorbanks major shareholder — management board chairman Alexander Dmitruk who controlled slightly over 69% of the lending institutions common shares — has fully pulled out of Sotsgorbank. The lending institution disclosed this in a press release.
Since October 21, 2010 the banks shareholding structure looks as follows: Igor Bezgin (19.86%), Sergei Zlobin, Vladimir Panin and Vyacheslav Shenaev (each 17.96%) and Alexander Polyakov (16.05%). All shareholders are presently members of the lending institutions BoD.
Sotsgorbank is a medium-sized private lender based in the Moscow region with branches in Saint Petersburg, Tyumen, Yaroslavl, Perm and Krasnodar.
Based on Banki.ru data, as of October 1, 2010 the lenders net assets stood at Rub 17.05 bln (148th place in Russia), capital (calculated in line with CBR requirements) totaled Rub 2.01 bln, the credit portfolio amounted to Rub 11.26 bln and obligations to households equaled Rub 6.59 bln.