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Otkritie Bank

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  • Friday, 29 May, 2020
    White collar crime
    Swiss prosecutors forced into climbdown over money laundering case

    Three defendants in $173m Otkritie bank fraud probe decline proposed settlement

  • Thursday, 23 January, 2020
    Banks
    Russian bank owners ordered to pay $900m over collapse

    Former bosses of Trust Bank must compensate central bank for collapse of lender

  • Friday, 12 July, 2019
    Banks
    High Court bars Otkritie co-founder from disposing of assets

    Ruling gives central bank-owned ‘bad bank’ license to pursue assets of Boris Mints

  • Wednesday, 3 July, 2019
    Otkritie’s former owners landed with $1.3bn lawsuit

    Russian central bank seeks to reclaim losses from bailout of failed private lender

  • Tuesday, 5 February, 2019
    fastFT
    Russia opens criminal proceedings against former Otkritie boss
  • Monday, 15 October, 2018
    Insurance
    Rosgosstrakh to acquire Munich Re’s Ergo Life

    Russian insurer makes its first acquisition since return to profit after years of losses

  • Friday, 29 June, 2018
    World
    Fresh Russian central bank funds take bailout bill close to $48bn

    Latest $3.45bn injection means costs now exceed estimate of losses had banks failed

  • Sunday, 17 June, 2018
    Banks
    The secret VTB stake that helped lead to Otkritie’s downfall

    The private bank’s rapid growth was supported by state-run VTB but their links went deeper

  • Monday, 14 May, 2018
    Russian business & finance
    Russian bank head sees bailout costs rising

    Chief brought in after run on Otkritie expects bill to top the $27bn budgeted so far

  • Promoted Content
  • Monday, 2 April, 2018
    European banks
    Russia plans ‘bad bank’ for $19bn in toxic assets

    Assets from three collapsed banks to be transferred into Trust, another failed lender

  • Sunday, 14 January, 2018
    Andrei Movchan
    How to fix Russia’s broken banking system

    The central bank is blind when it comes to oversight despite draconian regulations

  • Thursday, 12 October, 2017
    Banks
    Russia’s rescue of Otkritie, B&N to cost more than initially thought
  • Tuesday, 10 October, 2017
    Financials
    Rescued Otkritie posts $6bn black hole
  • Sunday, 8 October, 2017
    Banks
    New Otkritie boss to seek assets from former owners

    Incoming chief to seize loan collateral if needed to recapitalised failed bank

  • Thursday, 5 October, 2017
    Financial services
    Russian online payment processor Qiwi buys Otkritie assets
  • Tuesday, 3 October, 2017
    fastFT
    Rescued Otkritie takes former owners’ stake in Polymetal
  • Monday, 2 October, 2017
    Emerging markets
    Russia’s central bank says it may merge lenders B&N, Otkritie
  • Friday, 29 September, 2017
    Banks
    Russian central bank says Otkritie deposit run quelled after bailout
  • Wednesday, 27 September, 2017
    Inside BusinessNeil Buckley
    Russian banks bailouts tighten state’s grip

    Otkritie and B&N failures cast cloud of doubt over other private lenders

  • Thursday, 21 September, 2017
    Banks
    Russia’s central bank nationalises B&N Bank
  • Wednesday, 20 September, 2017
    Russian business & finance
    Russian central bank in talks to bail out private lender

    B&N appeals for rescue after struggling with exposure to Otkritie

  • Monday, 18 September, 2017
    Emerging markets
    Russia’s banking woes mount as state-run firms withdraw billions
  • Friday, 15 September, 2017
    Mergers & Acquisitions
    Russia’s Promsvyazbank plots merger with Vozrozhdenie
  • Thursday, 14 September, 2017
    Banks
    Central bank says Otkritie falsified accounts

    Failed Russian lender held securities at ‘inflated prices’ to ‘sugarcoat financials’

  • Thursday, 14 September, 2017
    Banks
    Russia appoints VTB executive to run Otkritie after central bank rescue
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