The Head of the AHRF as a part of the RIF-19 (the Russian Investment Forum-19) told about the sale of troubled property in the RF regions
On 14th February in Sochi a “Resources of Growth and Investment Prospects: Analysis of Practice of Selling the Assets in Russian Regions” panel discussion took place as a part of the Russian Investment Forum. The event was supported by the Deposit Insurance Agency (the ASV).
The main topic of the discussion became the prospect of selling the property of liquidated companies, which currently is a significant share of the total market of the troubled assets in the RF. The most important task is to make this market highly liquid, and to make the property, that is sold in it, popular and desired from the point of view of investments.
During the discussion representatives of the authorities and business were speaking about how to solve this problem.
Moderator:
Anatoly Aksakov, Chairman of the Committee of the State Duma of the Federal Assembly of the Russian Federation for the financial market
Speakers:
• Dmitry Golovanov, Chairman of the Board, MSP Bank JSC
• Yury Isaev, General Director, the Deposit Insurance Agency state corporation
• Andrey Stepanenko, Chairman of the Trading Committee of the “Business Russia”, General Director, the AHRF JSC
• Aleksey Chibisov, Deputy Chairman of the Government of Perm’ Territory
According to Andrey Stepanenko opinion, in order to make the troubled assets popular in the market, it is important to fulfill three conditions: to sell the assets at public auctions, to carry out a large-scale advertising campaign and targeted work with future investors.
“Today’s flagship of reforming of the market of the troubled property is the Deposit Insurance Agency. It has made a lot of efforts to democratize this market, to increase its availability and earning power”, – thinks Andrey Stepanenko.
In 2018 the ASV involved the Auction House of the Russian Federation in team-work for organization of sale of the property of liquidated banks. “For the AHRF it is a very serious responsibility and a great honor”, – Andrey Stepanenko noted.
One of the main trends of the present days has become a transformation of the market of troubled property into a highly liquid, efficient market – the troubled property stopped frightening investors off. “Previously, the circle of buyers of such assets was quite narrow and consisted of those who knew how to work with them, and today the same buyers, which came to the biddings on the state and corporate property, come to the auction. Due to its openness and publicity, the troubled asset market is gradually moving into the category of investment attractive markets”.
The objects of real estate are the most popular with the buyers of the troubled property. At the same time shares, rights to claim and transport are on sale at auctions.
According to the statistics of sales of the Auction House, the volume and the amount of the troubled assets sold grow every year. Only in 2018 the indicators doubled. Andrey Stepanenko explains the market growth by established rules of the game: “A real control over the procedure of the troubled property sale appeared, clear sale regulations and a procedure of deal making. A bulk product will appear. And that exactly what is necessary for the market to start working and bringing profit to all participants: the state, investors, regions – by way of new jobs and new budget receipts”.
The main topic of the discussion became the prospect of selling the property of liquidated companies, which currently is a significant share of the total market of the troubled assets in the RF. The most important task is to make this market highly liquid, and to make the property, that is sold in it, popular and desired from the point of view of investments.
During the discussion representatives of the authorities and business were speaking about how to solve this problem.
Moderator:
Anatoly Aksakov, Chairman of the Committee of the State Duma of the Federal Assembly of the Russian Federation for the financial market
Speakers:
• Dmitry Golovanov, Chairman of the Board, MSP Bank JSC
• Yury Isaev, General Director, the Deposit Insurance Agency state corporation
• Andrey Stepanenko, Chairman of the Trading Committee of the “Business Russia”, General Director, the AHRF JSC
• Aleksey Chibisov, Deputy Chairman of the Government of Perm’ Territory
According to Andrey Stepanenko opinion, in order to make the troubled assets popular in the market, it is important to fulfill three conditions: to sell the assets at public auctions, to carry out a large-scale advertising campaign and targeted work with future investors.
“Today’s flagship of reforming of the market of the troubled property is the Deposit Insurance Agency. It has made a lot of efforts to democratize this market, to increase its availability and earning power”, – thinks Andrey Stepanenko.
In 2018 the ASV involved the Auction House of the Russian Federation in team-work for organization of sale of the property of liquidated banks. “For the AHRF it is a very serious responsibility and a great honor”, – Andrey Stepanenko noted.
One of the main trends of the present days has become a transformation of the market of troubled property into a highly liquid, efficient market – the troubled property stopped frightening investors off. “Previously, the circle of buyers of such assets was quite narrow and consisted of those who knew how to work with them, and today the same buyers, which came to the biddings on the state and corporate property, come to the auction. Due to its openness and publicity, the troubled asset market is gradually moving into the category of investment attractive markets”.
The objects of real estate are the most popular with the buyers of the troubled property. At the same time shares, rights to claim and transport are on sale at auctions.
According to the statistics of sales of the Auction House, the volume and the amount of the troubled assets sold grow every year. Only in 2018 the indicators doubled. Andrey Stepanenko explains the market growth by established rules of the game: “A real control over the procedure of the troubled property sale appeared, clear sale regulations and a procedure of deal making. A bulk product will appear. And that exactly what is necessary for the market to start working and bringing profit to all participants: the state, investors, regions – by way of new jobs and new budget receipts”.
