Vladimir Kogan’s widow became the owner of Uralsib Bank

Ludmila Kogan, the widow of Vladimir Kogan, the owner of Uralsib Bank, became the principal owner of the bank with an 81.81% stake. The banker’s eldest son Yevgeny will continue to run the bank

Lyudmila Kogan, widow of Uralsib Bank owner Vladimir Kogan # 140, who passed away in June 2019, became the bank’s majority owner. “On December 23, 2019, there was a change in the composition of the shareholders of PJSC Bank Uralsib. Lyudmila Kogan became a shareholder owning a stake of 81.809% of shares,” the bank’s press service reported.

The bank owner Vladimir Kogan died in June 2019. Entry into the rights of inheritance in Russia is possible in six months after the death of the testator.

A representative of Uralsib told RBC that the Kogan family proposes that the Bank of Russia approve Lyudmila Kogan as the new bailout of Uralsib. She specified that the documents confirming Ludmila Kogan’s compliance with the Central Bank’s requirements to investors will be submitted to the regulator. The representative of the bank noted that the separation of operational management and shareholding will remain in the bank. According to her, Vladimir Kogan’s son Evgeny continues to manage the bank, having only changed the position and headed the bank’s Supervisory Board, and Ludmila Kogan owns the asset. “Uralsib” is now one of the largest private banks in Russia, it ranks 18th in the Russian banking system in terms of assets, according to Interfax CEA.

Lyudmila Kogan graduated from the Leningrad Institute of Civil Engineering (LISI) and the Faculty of Law of the St. Petersburg State University. From 1994 to 2001 she worked as a legal advisor for Promstroybank, after which she headed the construction department of Bankersky Dom St. Petersburg Holding which managed the bank’s assets for five years. Since 2007 she has been the General Director of BFA-Development.

Vladimir Kogan’s eldest son Yevgeny, 31, has worked at Uralsib since the first day of its reorganization and took over from his father after his illness.

Vladimir Kogan was one of the most influential bankers in St. Petersburg in the 1990s. He headed the city’s largest Promstroybank and was well acquainted with St. Petersburgers who hold key positions in the country today. In November 2015, Kogan volunteered as a private investor to bail out Uralsib, which was in need of additional capitalization. He bought 82% of the bank’s shares at a “symbolic price. The previous owner of the bank, Nikolai Tsvetkov, retained a minority stake (11.34%).

After receiving Uralsib for reorganization, Kogan said that he planned to leave the bank to his children – both his sons Evgeny and Efim worked at the bank. In the spring of 2018, Vladimir Kogan suffered a stroke. And just over a year later, on June 20, 2019, he passed away.

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