Non-Core Assets Trust Bank reports strong five‑year performance under Strategy 482
Non-Core Assets Trust Bank has exceeded the five‑year milestone of Strategy 482 and completed mergers and acquisitions totaling over 200 billion rubles. This achievement was announced by the bank’s press service, highlighting the scale of activity and its impact on the institution’s portfolio and broader market participation.
During the five‑year period, the bank’s most significant transactions under the strategy generated revenue surpassing 94 billion rubles. This figure represents more than six times the initial fair value of the assets at the outset of collaboration. The portfolio includes notable names such as Inteko, Rostagro, Inga, Ecopet, Russian Grain, and Atakaycement, illustrating a diverse mix of industries and asset classes under management and optimization.
In 2022, the Trust acquired companies whose strategic plans did not originally anticipate collaborative operations. These entities included Tochka Bank, Baltic Leasing, and Kama. In 2023, these holdings were divested for a total of 82.4 billion rubles, equating to about 1.8 times their fair value at the start of that year. The proceeds from these disposals were not part of the initial five‑year plan but contributed to the overall financial discipline of the portfolio.
Alexander Sokolov, who serves as chairman and head of the board of directors, emphasized that the bank has established an effective management framework designed to guide both distressed enterprises and stable operating companies toward value realization and sustainable performance.
Strategic commentary from Sokolov noted that the value of large subsidiaries transferred under Strategy 482 and assets acquired in 2022 has shown a material uplift on average, reflecting intensified operational discipline and strategic alignment across the portfolio.
Overall, the bank reported that the five‑year plan delivered solid results, with collections totaling 519 billion rubles, exceeding the initial projections by 8 percent (37.5 billion rubles). The growth reflects a disciplined approach to asset management and a focus on monetizing value within the portfolio under management guidelines that were established in 2019.
The current portfolio also includes assets with a fair value of 55 billion rubles at the start of 2024. When these assets are factored in, the fair value of the assets moved into management rose by approximately 2.5 times, increasing from 233 billion rubles to 574 billion rubles, underscoring the credit and governance framework that has guided asset transfers and value enhancement.
According to the bank leadership, the Non-Core Assets Bank has helped preserve numerous businesses and maintain tens of thousands of jobs. The Trust’s leadership notes that over the five‑year horizon, the group’s activities have contributed hundreds of billions of rubles to the national economy, reflecting a broader macroeconomic footprint.
Looking ahead, Sokolov indicated that the fee structure under the forthcoming strategy updates is projected to exceed 70 billion rubles, signaling ongoing expectations for continued value creation and sustained engagement across the investment and asset management ecosystem.