Financial sector companies in Russia demand nowadays something more than just traditional accounting, audit and valuation services. Our specialists are ready to consult you on a comprehensive range of issues — from building financial models for credit analysis purposes, appraisal of claim rights under debts and up to full-fledged implementation the new IFRS 9 accounting standard.
Amidst rapidly developing technologies, growing competition and changing rules of game, you have to be ready to tackle issues that never surfaced before. Our team of professionals is ready to scrutinize in details your current challenges and come up with ideas and solutions.
We are servicing a large client portfolio that includes commercial banks and micro-financial organizations, insurance companies and non-government pension funds, leasing and factoring companies, as well as many others organizations representing financial sector.
For over 10 years our company has collaborated with a Top 50 Russian bank doing appraisal and reappraisals in accordance with IFRS and RAS of more than 200 real estate assets located in more than 20 regions and 60 cities of Russia annually.
Results of our fair (market) price and market rent calculations were used as basis for management decisions - for sale as well as lease purposes, as well as for preparation of corporate IFRS financial statements, including IFRS13. Our appraisal results were confirmed by Big4 audit companies.
Our company is an accredited appraiser for all largest banks of Russia. Banks often engage us to perform various collateral appraisal: non-tangible assets, securities, movable and immovable property.
Among the largest banks serviced by us are the following: Sberbank, VTB, Gazprombank, Alfa Bank, Promsvyazbank, Bank Absolut.
Our company is a leader of "valuation of banks and financial organizations " service line. We perform over 20 valuations of banking businesses annually for various purposes, including determining initial price for an IPO or SPO, determining starting price for bank privatization auctions, valuation of bank stocks for mergers and swap ratio calculation, valuation for the purposes of reflecting cost of stocks of insolvent banks in IFRS statements, valuation of banks for management decisions, etc..
В числе банков, оценку которых проводили наши специалисты, находятся такие крупнейшие кредитно-финансовые организации России как: ВТБ, Газпромбанк, Банк Москвы (сейчас ВТБ), Промстройбанк (сейчас ВТБ), ТрансКредитБанк (сейчас ВТБ), Банк Абсолют, Банк Уралсиб.
A client of one of European offices of Baker Tilly engaged our company to carry out due diligence of a commercial bank offered for sale. Specific to this project was a fact that the major shareholder lost control over this bank for a long time due to unethical actions of its Russian partners. The new management wanted to sell this asset at the most fair market price.
As part of this assignment, our company's specialists performed a number of agreed-upon procedures in order to verify key items on the balance sheet: loans, investments, main assets, investment property, etc. The bank valuation was performed on the basis of adjusted financial statements, which allowed maximum precision in determining value of the client assets used in negotiations.