Otkritie FC Bank

In 2012 Otkritie took over NOMOS-Bank,[15] using a $1bn loan from VTB Bank.[16]

In 2014 NOMOS-Bank was renamed to Otkritie Financial Corporation Bank.[17]

In 2014 the Bank of Russia picked Bank FC Otkritie to rescue National Bank Trust.[18]

Otkritie allegedly became Russia's largest private bank in late 2014 by buying 625 billion rubles in bonds from the state oil company Rosneft, using them as collateral to obtain reverse repo loans from the Central Bank of Russia, then passing on the dollars it received to Rosneft, which is not allowed access to international capital markets due to western sanctions.[16] As repo funding had a 2.5% interest rate and the bond had a 7.5% coupon, Otkritie made billions from the trade.[16]

In 2015, all in all, Otkritie Holding's banks lay claims to get a big share of government aid among all private banks (Rub 65.2 bln or 7.8% of the government program).[19]

In 2016, Financial group has completed the legal takeover of Khanty-Mansiysk Otkritie Bank by Otkritie FC Bank. As the financial group's press service reported, the merged bank would hold total assets of Rub 3.1 tln.[19]

In December 2016 Otkritie Group and Rosgosstrakh Group (the Russia's largest insurance company) agreed to merge.[20]

Otkritie experienced a significant outflow of liquidity in July 2017, after it was assigned a BBB- rating by ACRA.[21] According to the Financial Times, senior managers of Otkritie have removed their personal funds from the bank.[22] By late August Oktrikie shares had fallen to a 20-month low.[23]

On 29 August 2017 the Central Bank of Russia announced it would take over administration of Otkritie.[24][25]

Although Boris Mints, co-founder of the bank, had sold his shares in the bank in 2013, he allegedly still had a relationship with Otkritie. In a law suit in the High court of the UK, the central bank alleged that Mints' company, O1, had sold bonds to the banks as a "fraudulent scheme" to pay off its debt just days before the collapse, according to a Financial Times report.[29] An earlier report in February 2019 had stated that the banks were alleged to have sustained "losses from purchasing large amounts of O1 and Otkritie Holding assets".[30]

In June 2018, Russia petitioned the UK court to freeze £470 million of Mints' assets, including a mansion in Perthshire, Scotland, known as the Tower of Lethendy. The court agreed only to an injunction prohibiting Minsk and his three sons from disposing of assets, including the mansion. The Tower of Lethendy is only one of 140 of Mints' properties that the banks were attempting to confiscate. Ownership documents indicate that the mansion is owned by MFT Braveheart Ltd,[31] a company registered in the Cayman Islands. According to the FT report, "Mr Mints and his sons deny committing fraud and are contesting the allegations in arbitration proceedings scheduled to be heard next April in London".[32][33]