Non-Core Assets Trust Bank has surpassed the five-year “Strategy 482” and completed mergers and acquisitions (M&A) transactions worth more than 200 billion rubles in five years. This was reported by the press service of the financial institution.
Trust’s largest transactions in five years within the framework of the company’s strategy brought revenue of more than 94 billion rubles; This is more than 6 times the fair value of these assets when we started working with them. The company stated that these include Inteko, Rostagro, Inga, Ecopet, Russian Grain and Atakaycement.
In 2022, the Trust acquired companies whose strategy did not include working together: Tochka Bank, Baltic Leasing, Kama. In 2023, they were sold for a total of 82.4 billion rubles, which is 1.8 times the fair value at the beginning of the year. These funds were not taken into account when implementing the strategy.
According to Alexander Sokolov, chairman and chairman of the board of directors of the Trust, the bank of non-core assets has created an effective management system for both troubled enterprises and stable operating companies.
“The value of large subsidiaries transferred under Strategy 482 and assets purchased in 2022 has tripled on average,” Sokolov said.
The bank also reported that within the framework of the five-year strategic plan, the Trust collected 519 billion rubles, which is 8% (37.5 billion rubles) more than expected based on the collection strategy approved in 2019.
The portfolio includes assets with a fair value of 55 billion rubles at the beginning of 2024. Taking these into account, the bank increased the fair value of the assets transferred to management by 2.5 times, from 233 billion to 574 billion rubles.
“The Non-Core Assets Bank has saved dozens of businesses and tens of thousands of jobs. The Trust chairman said that in five years, the Trust group has brought about 650 billion rubles to the country’s economy.
Sokolov added that the amount of fees envisaged under the new strategy that the bank plans to agree on is more than 70 billion rubles.