Today, the company "Rusal" (UC RUSAL), the world's largest aluminum and alumina producer, has paid the full arrears to Alpha - the bank in the amount of 85.9 million dollars according to a press release the bank . Alfa-Bank welcomes this step towards a creditor of the company RUSAL. We hope that and other issues, we will also be able to find constructive and mutually acceptable solutions "- said the deputy chairman of Alfa Bank, Vladimir Tatarchuk. Repayment of the debt has been agreed with the other creditors of the company. Controlling stake in RUSAL is owned by businessman Oleg Deripaska. These assets are managed holding company, Basic Element. Alfa-Bank is controlled by a shareholder of the consortium of Alfa Group Mikhail Fridman. A few days ago, Alfa-Bank has filed lawsuits in the Court of Arbitration of the Sverdlovsk region of the bankruptcy of the Siberian-Urals Aluminum Company (SUAL) and the Court of Arbitration of Krasnoyarsk Territory - the bankruptcy of the Krasnoyarsk Aluminum Plant (KrAZ). "This attempt to initiate bankruptcy is doomed to fail," - said in a press release Rusal. The company's management has accused the bank in corporate raid. We recall that in May the Moscow Arbitration Court decided to recover from the Sual and KrAZ 73.812 million dollars, "Alfa-Bank has decided to go to the end. "In this situation," Alfa Bank "reserves the right to defend their interests in court. In addition, Alfa-Bank is in talks with other creditors," Basic Element "about the possible purchase of their human requirements for the Group companies, including Rusal and En + (manages power assets of Basic Element. "- Ed.), to strengthen its position as a creditor" Basel ", - said Vladimir Tatarchuk. In the end, did not survive the onslaught Alpha Deripaska still had to make concessions and find the means." The total mass Debt Debt Alfa-bank small "- says analyst URALSIB Capital Nicholas Sosnowski. According to various estimates, the total debt on loans range from 14 to 17 billion dollars. to foreign banks - 7.5 billion dollars, VEB (Vnesheconombank) - 4 , $ 5 billion debt to the group ONEXIM - 2.8 billion dollars. And, in 2009, until November according to the schedule of the company must pay about 7 milliradov dollars. "Despite the fact that the debt to the Alpha was a small, find the money was not just because the company is in the process of restructuring the total debt for the payment of debts until the moratorium. That is, if you pay one creditor, then the other question arises, why he returned the money, but we must wait, "- explains the expert. That's why it needed to agree this payment with other banks." You can not say that this little money still Rusal had to take some serious effort to find them "- in turn, notes the analyst of" Finam "Dmitry Baranov." This step indicates that the company is stable, it works, "- said Baranov. The conflict between the two oligarchs began in January 2009. Anyway, that's when it began to discuss the media. In January 2009, the bank filed an action against the "Russian Machines OJSC and trade companies GAZ, these companies are also controlled by Deripaska. In March, the conflicting parties even had to appeal to the president. "Bezel" backbone companies, it includes the group "GAS", Rusal, Glavstroy, Glavmosstroi, etc. Consequences of its failure are difficult to predict. Not surprisingly, the authorities have provided support for Mr Deripaska, and Friedman was summoned to the Kremlin, where, perhaps, his popularity was told that so do not need. Medvedev warned the tycoon: "it is time to stop the corporate self-interest." Then he was issued a joint statement by the head of Alfa-Group and Oleg Deripaska, in which they wrote about their friendship and desire to jointly and constructively to solve all the problems. But in the summer of Alfa-bank "resumed his old ways. It has initiated bankruptcy proceedings in two companies "Basel" - the Baikal Pulp and GLAVMOSSTROY. "Actually, this bank is known for his tough stance against the borrowers," - said Baranov. This is a principled position of the bank. Leadership itself explains his fears of deteriorating loan portfolio quality. According to Peter Aven, head of the bank, the level of bad loans, that is irrevocable, may reach 20-30%. More pessimistic forecasts did not give any banker. Accordingly, the bank is trying to repay debts by any legal means. They have been sued for bankruptcy of many large companies, in particular to the agro-holding "Prod", also at the request of the bank was seized in asset development company Mirax Group, etc. It is logical that it was at Alfa Bank, took the toughest position among creditors, "Basel" Deripaska. During the crisis, demand for aluminum has plummeted, crashed car sales in a difficult situation was the bank "Union", etc. In general, Deripaska was reaping the fruits of their pre-crisis policy. Then I remember that Russia was called safe haven, the creditors queue up to give money to our metallurgists. Eventually, Deripaska has become almost a record for an increase in accounts receivable, raising cheap money from behind a hill. It is not surprising that now he got himself into tremendous problems with this debt. According to analysts of Troika Dialog, the most important asset Deripaska - RUSAL is in dire financial straits. And in the next 4 years even with the debt restructuring, it will not change, may have to sell some assets to repay creditors, analysts said. But other experts are configured Bole optimistic. "This is the biggest player in the aluminum market. The economy revived, I think the demand for aluminum will be restored. In addition, the bankruptcy of the company still would have nothing to give to creditors, as the procedure itself was stretched to 10 years. And now, to sell assets is meaningless, they are very cheap, so lenders acted logically, agreeing to a restructuring, "- says Dmitry Baranov from Finam. On other key assets Deripaska also do not worry: Will the state. Because it does not want to acute social problems. It is unlikely that Deripaska has acquired the same "GAS" on its own initiative. Perhaps he was asked to buy and invest. For those who asked him to buy the asset, there are certain obligations. In all likelihood, they will try to meet them. As for the "Alfa-Bank, then such a militant stance in the crisis will knock out debt, but the crisis is over. Truce question is, who really wishes with this bank deal in the future? "Indeed," Alfa-Bank Level of arrears one of the highest in the country's banking system, but the situation in the bank is not critical, it is not in default, and in politics to the borrowers. In the end - all, he received major financial support from States, unlike other private lending institutions. I think this is not the right approach. In the long run, after the crisis, the bank may lose many lucrative customers, "- says Mark Rubinstein, an analyst at IFC Metropol.
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