Exclusive: Russian central bank, ex-B&N co-owner in talks over 140 billion rouble bailout settlement - sources

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Russia's central bank is in talks with oil tycoon Mikhail Gutseriyev over 1...

MOSCOW - Russia’s central bank is in talks with oil tycoon Mikhail Gutseriyev over 140 billion roubles his family owe after a banking group they owned was bailed out two years ago, four sources familiar with the talks said.

The central bank rescued B&N bank and Rost bank, both part of the Gutseriyev family’s Safmar business empire, along with privately-owned Otkritie and Promsvyazbank, in 2017. According to the four sources, who are close to Trust bank, now Russia’s “bad bank”, and to the Gutseriyev family, the central bank, via Trust bank, is discussing a plan under which Mikhail and Sait-Salam Gutseriyev would pay 140 billion roubles to settle part of the central bank’s bailout costs.Three of the four sources said that Mikail Shishkhanov, Mikhail Gutseriyev’s nephew, who was overseeing the family’s banking business, will not be part of the debt deal.

Safmar, a holding company for the Gutseriyev’s family assets, including B&N and Rost banks before their bailouts, declined to comment. The central bank did not reply to a Reuters request for a comment.Vasily Pozdyshev, a deputy central bank governor, told Vedomosti newspaper in August that the central bank aimed to recover 750 billion roubles to 800 billion roubles from the banks’ former owners using lawsuits, including from B&N.

 

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