Investment Republican Bank (Inresbank) and Contrast-Bank are going to merge. A decision to this effect was adopted by executives of banking holding Republican Financial Corporation, which comprises both banks. The holding’s owners are Alexander Malczewski (70%) and Viktor Yanin (30%).
The merger will result in the formation of a large financial institution specialized in corporate activities, investment and financial market services.
The deal will enhance Contrast-Bank’s efficiency, while the consolidation of the lending institutions’ capitals and business resources under the Inresbank brand will offer benefits for business processes and for the clientele. The merged bank will enjoy a much higher capital adequacy ratio, it will become more stable, transparent, flexible and manageable. The lending limit per borrower will increase as well.
