Slavyansky Bank officially denied reports about its sale that hit the media earlier. The bank “is not going to change hands or amend the shareholding structure” and “continues operations with its current management team without any changes in the governing bodies”, the bank said in a press release.
“Slavyansky Bank management emphasizes that from now onward the lender will steadily adhere to the selected strategy for business development that aims to bolster financial potential and cement market positions. Rolling out traditions of 20 years of successful operations, the bank will continue to consistently solidify the reputation of a reliable universal lending institution that always fulfills on time and in full all its obligations to clients and shareholders, complying with all statutory and reserve requirements of the Bank of Russia," the bank’s press release said.
Reports appeared in the media earlier that the lender will be sold as early as this week to structures that decided to pick up assets in the Russian banking sector. “People who want to consolidate a number of banks came to me and made a good offer. So, there are only two things left: to collect documents and settle all issues," Marker newspaper quoted Slavyansky Bank owner Sergei Rodionov, who also owns Rodionov Publishing House and is former owner of Bank Imperial, as saying.
Based on Banki.ru data, as of April 1 Slavyansky Bank’s assets stood at Rub 9.7 bln (202nd place in Russia), capital (calculated in line with CBR requirements) totaled Rub 1.1 bln, including the Rub 200 mln subordinated loan, the credit portfolio amounted to Rub 4.8 bln and obligations to households equaled Rub 3.4 bln.
