B&N Bank has wrapped up takeover of its two subsidiary banks – B&N Bank Smolensk and B&N Bank Surgut. The relevant press release came out on Monday.
All offices of these regional banks turned into B&N Bank's divisions, which all their clients will be automatically transferred to.
Also, technology integration of B&N Bank Smolensk and B&N Bank Surgut was carried out, with the customers transferred to B&N Bank for service having access to the full range of products and services.
"The reorganization of the subsidiary banks brings no inconveniences to the customers as the location of offices remains the same, terms of signed agreements (including those on deposits and loans) are not revised, and there's no need to re-sign them. Bank cards remain in operation on previous terms, they should not be re-issued until they expire," B&N Bank said in a press release.
The lending institution pays attention to changes in banking details for monetary transfers to accounts (including card accounts) that were opened at B&N Bank Smolensk and B&N Bank Surgut. For further information customers may come to B&N Bank's offices or by contacting the bank's call center at 8-800-200-50-75.
For the record, Krasnoyarsk-based Bank Kedr was folded into B&N Bank a week ago. B&N Bank's reorganization by taking over B&N Bank Smolensk, B&N Bank Surgut and also B&N Bank Tver got under way in April. The parent bank plans to wrap up the takeover of B&N Bank Tver until end 2016.
B&N Bank Smolensk is former SKA-Bank, B&N Bank Surgut is ex-Akkobank, and B&N Bank Tver was once Tveruniversalbank. B&N Bank decided to rehabilitate them in December 2014 together with Bank Kedr which, as these banks, was part of Rost Group and Rost Bank, the group's parent bank.
News broke in late 2015 about the latter's deconsolidation with B&N Bank. At that time, the Central Bank of Russia replaced Rost Bank's rehabilitation agent. Mikail Shishkhanov, who presently owns Rost Bank, was approved together with B&N Bank as the bank's beneficial owner.
Moscomprivatbank (now B&N Bank Credit Cards) also joined B&N Group as part of rehabilitation procedures. B&N Group's other acquisitions include DNB Bank (presently B&N Bank Murmansk), Uralprivatbank, MDM Bank and major leasing firm Europlan together with Europlan Bank.
In addition to Rost Bank, Shishkhanov himself (excluding B&N Bank's participation) also owns Europlan (slightly more than a half), Europlan Bank and still B&N Bank Murmansk (but the media wired that it is planned to be brought under control of B&N Bank), and MDM Bank beneficial owners are Shishkhanov and Mikhail Gutseriev who hold in B&N Bank itself stakes of 59.41% and 39.36%, respectively. The rest of the above banks are (were) under full or primary control of B&N Bank itself.
