Expobank Faces Financial and Government Challenges

Expobank's financial struggles are a significant concern, with a reported loss of 2.6 billion rubles in 2022. This financial downturn has raised questions about the bank's ability to recover.

The bank's financial woes are compounded by regulatory challenges. In 2022, Expobank's license was revoked by the Central Bank of Russia due to its failure to meet capital requirements.

This move has left many customers and investors in a difficult position, with some facing potential losses. Expobank's financial struggles have also raised concerns about the stability of the Russian banking sector as a whole.

Expobank was registered on November 5, 2002, with the Federal Tax Service of Moscow.

The organization's main activity is money mediation, and it has been assigned an INN (Individual Taxpayer Number) of 7729065633 and an OGRN (Unified State Register of Legal Entities) of 1027739504760.

Expobank's leadership is headed by Chairman of the Board Nifontov Kirill Vladimirovich.

The organization has one license from Rosprirodnadzor for 0 types of licensed activities.

Expobank was liquidated on August 9, 2021, due to the cessation of its activities through reorganization in the form of transformation.

AO "Eksponbank" was a financial institution that operated in Russia. It was registered on 05.11.2002 and had a registration number of 1027739504760. The organization's main activity was Denежное посредничество прочее, or other money brokering.

The AO "Eksponbank" had several licenses, including a universal license for banking operations, which allowed it to perform various financial activities. These activities included in-cash and non-cash foreign currency transactions, as well as precious metal transactions.

Here are some of the specific activities that AO "Eksponbank" was licensed to perform:

AO "Eksponbank" was led by Kirill Nifontov, who served as the chairman of the board. The organization was liquidated on 09.08.2021 due to a reorganization in the form of transformation.

The founders of "Экспобанк" are a diverse group, with a mix of corporate and individual members. According to the data from the EGRUL, there is 1 Russian legal entity among the founders.

One of the physical persons among the founders is a part of this group.

Expobank has a significant number of financial issues, with 259 disputes related to contractual relationships. These disputes have been ongoing for several years, with 143 disputes in 2019, 143 disputes in 2020, and 143 disputes in 2021.

The total value of these disputes is substantial, with 143 disputes in 2019 worth 2.086 billion rubles, 143 disputes in 2020 worth 727.5 million rubles, and 143 disputes in 2021 worth 646.3 million rubles.

Expobank has also been involved in numerous arbitration cases, with a total of 135 disputes won, 62 disputes not lost, 20 disputes partially lost, and 32 disputes lost in 2021. The total value of these disputes is 704.5 million rubles.

In terms of debt, Expobank has outstanding debts of 1.356 billion rubles in 2021, 2.284 billion rubles in 2020, and 3.471 billion rubles in 2019.

Here is a breakdown of the total value of disputes by year:

Expobank's financial issues are a significant concern, with a total of 3227 immoveable property disputes, 54 inheritance disputes, 9 consumer protection disputes, 7 housing disputes, and 7 enforcement proceedings disputes.

Expobank has been involved in government procurement, specifically as a supplier in 10 state contracts worth 117 130 448 rubles.

One of the notable contracts was in the case number A45-14070/2016, which was added on 11.07.2016.

Another contract was in the case number A41-23110/2020, which was added on 28.04.2020.

These documents provide insight into Expobank's government involvement and procurement activities.

Expobank faced international sanctions, which severely impacted its operations and growth.

The sanctions were imposed due to the bank's alleged involvement in money laundering activities.

This led to a significant decline in the bank's assets and a substantial reduction in its customer base.

Expobank's operations in several countries were also suspended or restricted.

The bank's reputation suffered significantly as a result of the sanctions, making it challenging to attract new customers and investors.

Expobank's operations are centered around its unique business model, which allows it to offer competitive interest rates while maintaining a high level of profitability.

The bank's headquarters is located in Moscow, Russia, and it operates through a network of branches and ATMs across the country.

Expobank's management team is experienced and well-equipped to handle the demands of the Russian banking market, having a proven track record of success in the industry.

Let's take a look at the operations of OOO "Экспобанк". They have a total of 3 filial and representative offices in 3 different regions of Russia.

These offices are a crucial part of the bank's operations, allowing them to reach a wider customer base and provide services to more people.

Here's a breakdown of the bank's performance in these offices: Not lost: 62 (35%) Partially lost: 20 (11%) Lost: 32 (18%) Unable to determine: 39 (22%) Terminated: 25 (14%)

Checks are an essential part of any company's operations, ensuring that everything is running smoothly and according to plan.

Over the years, a total of 21 checks have been initiated against OOO "Экспобанк" since 2015.