Garegin Tosunyan becomes largest shareholder in Russian National Bureau of Credit Histories
YEREVAN, October 23. / ARKA /. Garegin Tosunyan, the chairman of the Association of Russian Banks (ARB), has increased his stake in the National Bureau of Credit Histories (NBCH) from 4.9% to 11.8%, the Russian daily ‘Izvestia’ says citing the company.
The NBCH is engaged in collection, processing and storage of information about borrowers (credit histories). It was established in 2005 by the Association of Russian Banks. The NBCH with 126 million rubles charter capital is one of the three largest credit bureaus in Russia.
In 2014 the NBCH’s earnings amounted to 1.16 billion rubles; its net profit stood at 237.2 million rubles. For comparison, the United Credit Bureau’s earnings and net profit in 2014 stood at 845.6 million and 401 million rubles respectively. Over the past five years both companies posted almost doubled revenues every year. Another major player is Equifax Credit Services, which does not disclose its performance indicators.
Other shareholders of the NBCH are Ak Bars bank, VTB, Gazprombank, Alfa-Bank, Agricultural Bank and others, which are supposed to have only 1-1.5% of shares each. NBCH’s shareholders are not disclosed in the annual reports, but the latest report implies that the director general Alexander Vikulin owns a 2% stake. Tosunyan seems to be the largest shareholder of NBCH.
NBCH press service and Tosunyan declined comments, according to ‘Izvestia’ daily.-0-
The NBCH is engaged in collection, processing and storage of information about borrowers (credit histories). It was established in 2005 by the Association of Russian Banks. The NBCH with 126 million rubles charter capital is one of the three largest credit bureaus in Russia.
In 2014 the NBCH’s earnings amounted to 1.16 billion rubles; its net profit stood at 237.2 million rubles. For comparison, the United Credit Bureau’s earnings and net profit in 2014 stood at 845.6 million and 401 million rubles respectively. Over the past five years both companies posted almost doubled revenues every year. Another major player is Equifax Credit Services, which does not disclose its performance indicators.
Other shareholders of the NBCH are Ak Bars bank, VTB, Gazprombank, Alfa-Bank, Agricultural Bank and others, which are supposed to have only 1-1.5% of shares each. NBCH’s shareholders are not disclosed in the annual reports, but the latest report implies that the director general Alexander Vikulin owns a 2% stake. Tosunyan seems to be the largest shareholder of NBCH.
NBCH press service and Tosunyan declined comments, according to ‘Izvestia’ daily.-0-