In place of Western banks, which reduce business in Russia and Asian banks are gradually. Talks about entering the Russian market is one of the largest Iranian banks-Tejarat. However, because of the political risks the Iranian side has chosen a rather unusual way of entering the Russian market - through his Belarusian "daughter".
The fact that Belarus "daughter" of Iran's Tejarat - bank "shopping capital" - is negotiating to buy the bank in Russia, "Kommersant" described two sources familiar with the negotiations. "The active phase of negotiations was held in the summer, the bank" shopping capital ", in particular, negotiated a buyout of the banking license of City Mortgage Bank (GiB), the bank's" Orient Express ", but the parties failed to agree on a price," - says the source "b", a close to the bank "Orient Express". Now GiB, 100% of the shares in which the "Orient Express" acquired last summer, is in the process of joining the "Orient Express". "The decision to join was made already after the Russian and Belarusian sides have not agreed on a deal," - said one of the interlocutors "b".
The bank "shopping capital", "b" said yesterday that it was premature to comment on plans to enter the Russian market. However, a source close to the Belarusian bank, has confirmed an interest in Russia. The bank "East Express" reported that currently there are no negotiations about the sale of licenses are not bending. In this case there were not refute the information that such talks had taken place earlier.
GiB - not only Russian bank that was interested in the Iranian side in his Belarus "daughter", said the source "b". "In addition to bending the Iranians have shown more consideration to a number of for sale of Russian banks, they are not big", - told "Kommersant" a source familiar with the negotiations, refusing to name the banks. While the agreement is not reached, he added.
Bank Tejarat - one of the largest Iranian banks. Shareholders are the Iranian government (35.81%), the additional 40% stake in the management of public property Sharia, 19% to legal entities owned by another 5% - management. Bank Tejarat profit for the year ended in March 2010, amounted to 3 trillion Iranian rials ($ 281.7 million), assets - 381.1 trillion Iranian rials ($ 35.8 billion). Belarusian "daughter" - the bank "Trading assets" - Tejarat created in 2008. Its share - 90%, and 10% owned by the Belarusian company "Lada OMS - Holding".
This is not the first attempt Bank Tejarat to enter the Russian market, the previous was made in 2007-2008, but then the Iranians acted directly, and these actions were unsuccessful. "The decision to go to Russia via Belarus may be dictated by the fact that Belarusian partners objectively more knowledge about our market than the Iranians," - says the Deputy Director for Banking Audit FBK Roman Konigsberg.
However, the majority of experts surveyed believe that the explanation-mediated release of Iranian banks in Russia lies in the political arena. Against Tejarat, as well as against several other Iranian banks, the current penalties in the U.S. and the EU. However, in the UN resolution on anti-Iran sanctions, which Russia signed in the past year, Tejarat missed. In this situation, the possibility of release of such a bank on a particular market will be determined by its political regime, experts say. "The political regime of Belarus more loyal to Iran than Russia," - says the source, "Y", familiar with the negotiations. However, political risk is completely out not eliminate through Belarus, warns expert. Apparently, this prevents a compromise on price. "The players in our market, clearly does not want to take cheap reputational risks associated with selling licenses to the bank, against which the sanctions are a few countries," - says another source, "Y", familiar with the negotiations. However, it is worth noting that similar sanctions should not interfere with my work in Russia "daughter" of another Iranian bank-Melli Iran.
The fact that Belarus "daughter" of Iran's Tejarat - bank "shopping capital" - is negotiating to buy the bank in Russia, "Kommersant" described two sources familiar with the negotiations. "The active phase of negotiations was held in the summer, the bank" shopping capital ", in particular, negotiated a buyout of the banking license of City Mortgage Bank (GiB), the bank's" Orient Express ", but the parties failed to agree on a price," - says the source "b", a close to the bank "Orient Express". Now GiB, 100% of the shares in which the "Orient Express" acquired last summer, is in the process of joining the "Orient Express". "The decision to join was made already after the Russian and Belarusian sides have not agreed on a deal," - said one of the interlocutors "b".
The bank "shopping capital", "b" said yesterday that it was premature to comment on plans to enter the Russian market. However, a source close to the Belarusian bank, has confirmed an interest in Russia. The bank "East Express" reported that currently there are no negotiations about the sale of licenses are not bending. In this case there were not refute the information that such talks had taken place earlier.
GiB - not only Russian bank that was interested in the Iranian side in his Belarus "daughter", said the source "b". "In addition to bending the Iranians have shown more consideration to a number of for sale of Russian banks, they are not big", - told "Kommersant" a source familiar with the negotiations, refusing to name the banks. While the agreement is not reached, he added.
Bank Tejarat - one of the largest Iranian banks. Shareholders are the Iranian government (35.81%), the additional 40% stake in the management of public property Sharia, 19% to legal entities owned by another 5% - management. Bank Tejarat profit for the year ended in March 2010, amounted to 3 trillion Iranian rials ($ 281.7 million), assets - 381.1 trillion Iranian rials ($ 35.8 billion). Belarusian "daughter" - the bank "Trading assets" - Tejarat created in 2008. Its share - 90%, and 10% owned by the Belarusian company "Lada OMS - Holding".
This is not the first attempt Bank Tejarat to enter the Russian market, the previous was made in 2007-2008, but then the Iranians acted directly, and these actions were unsuccessful. "The decision to go to Russia via Belarus may be dictated by the fact that Belarusian partners objectively more knowledge about our market than the Iranians," - says the Deputy Director for Banking Audit FBK Roman Konigsberg.
However, the majority of experts surveyed believe that the explanation-mediated release of Iranian banks in Russia lies in the political arena. Against Tejarat, as well as against several other Iranian banks, the current penalties in the U.S. and the EU. However, in the UN resolution on anti-Iran sanctions, which Russia signed in the past year, Tejarat missed. In this situation, the possibility of release of such a bank on a particular market will be determined by its political regime, experts say. "The political regime of Belarus more loyal to Iran than Russia," - says the source, "Y", familiar with the negotiations. However, political risk is completely out not eliminate through Belarus, warns expert. Apparently, this prevents a compromise on price. "The players in our market, clearly does not want to take cheap reputational risks associated with selling licenses to the bank, against which the sanctions are a few countries," - says another source, "Y", familiar with the negotiations. However, it is worth noting that similar sanctions should not interfere with my work in Russia "daughter" of another Iranian bank-Melli Iran.
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