M&A Deal Summary |
|
|---|---|
| Date | 2019-04-25 |
| Target | Aviatsionnye Tekhnologii Svyazi |
| Sector | Business Services |
| Buyer(s) | Sovcombank PJSC |
| Deal Type | Add-on Acquisition |
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Sovcombank PJSC is one of the largest in terms of assets and most profitable banking groups in the Russian Federation. Sovcombank PJSC offers retail banking products, such as current accounts, savings, consumer loans, and life insurance products to pensioners and pre-retirement age customers; personal loans; and bancassurance products.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Business Services) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 2 |
| Country (Russia) | 1 of 2 |
| Year (2019) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-25 |
Vostochny Bank
Blagoveshchensk, Russia Vostochny Bank is a retail bank with assets of RUB 192 billion (IFRS). For more than 15 years, it has focused on retail loans. Vostochny employs 10,000 employees in 570 offices, the majority of which are located in the Russian Far East, primarily in smaller towns. The bank operates in every municipality in the Russian Far East that has a population of more than 10,000. It is a member of the Deposit Insurance System and is included in the registry of credit organizations treated as significant players in the payment services market by the Bank of Russia. |
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