Kedr Bank has set up a plan to annex Sberkred Bank (Moscow). The latter one is included in the third hundred of Russian banks in terms of assets.
The relevant question was put to an extraordinary Kedr Bank shareholders’ meeting on July 10. If the annexion is approved, the authorized capital of Kedr Bank will increase due to the conversion of shares of Sberkred Bank.
The current Kedr Bank’s head of board of directors is Ivan Kanuyka who owns about 17.9% of Kedr Bank shares and 20% of the shares of the bank to be annexed, PRIME reports.
