Slanyansky Bank has changed hands. The lending institution announced the completion of a transaction in an official press release. The lender’s new owner is the financial and industrial group that unites a number of commercial banks: Trado-Bank, Monetny Dom and Donbank.
Slavyansky Bank is not going to change its legal status, details and location of its head office, branches and additional offices, the press release specified.
Slavyansky Bank management on behalf of the new owner as an official successor assumes all existing long- and short-term liabilities of the financial institution to households and legal entities — the bank’s clients and partners.
At a nearest EGM the newly elected board of directors will put on the agenda the approval of the bank’s new management team.
As the lender’s acting management board chairman Sergei Papkov noted, “this deal is a remarkable opportunity for the bank to continue expansion of the share on the target market, improve the scope and quality of customer services, thereby increasing its significance and the influence of the financial and industrial group as a whole”. “The new shareholders pursue the goal of not changing the lending institution’s strategy and policy, but bolstering Slavyansky Bank’s market positions by means of asset consolidation, financial opportunities and pooling efforts of the banks that make up the group," he emphasized.
Information about Slavyansky Bank’s upcoming sale reached the media back in April, but at that time the bank officially denied this.
Based on Banki.ru data, as of May 1, 2010 Slavyansky Bank’s assets stood at Rub 10.82 bln (188th place in Russia), capital (calculated in line with CBR requirements) totaled Rub 1.15 bln, including the Rub 169.2 mln subordinated loan, the credit portfolio amounted to Rub 4.66 bln and obligations to households equaled Rub 4.02 bln.
