Stroyvestbank and Uralsib-Yug Bank have been folded into Bank Uralsib. As the Russian central bank’s PR department reported, records that these lending institutions ceased operations had already been made in the Book for State Registration of Lending Institutions.
Bank Uralsib is to launch its own branches on the basis of Stroyvestbank and Uralsib-Yug Bank.
The combined bank’s charter capital grew to Rub 29.25 bln.
Bank Uralsib is a universal federal bank with a wide regional network, the core asset of the financial corporate sharing the same name. The lender’s shareholders are Uralsib Financial Corporation (46.15%), Aktiv-Holding (26.21%), Uralsib Business Center (19.67%) and Uralsib — Capital Management (3.85%). The beneficial owner is founder of investment banking group NIKoil Nikolai Tsvetkov.
Based on Banki.ru data, as of April 1, 2010 the lender’s assets stood at Rub 401.1 bln (13th place in Russia), capital (calculated in line with CBR requirements) totaled Rub 48.5 bln, including the Rub 13.3 bln subordinated loan, the credit portfolio amounted to Rub 199.6 bln and obligations to households equaled Rub 87.5 bln.
