Date: 7 months ago   Category: Finance

The Sovcombank declared completion of association with Rosevrobank — Rambler News Service


Photo: Ilya of Pitalev/RIA Novosti the Sovcombank and Rosevrobank have finished association process, all business of the joint bank will work at the license of Sovcombank, it is said in the statement of credit institution. "on November 12 process of merging of Sovcombank and Rosevrobank is complete. All business of the joint bank will work at the license of Sovcombank" — it is told in the message. It is noted that now at the joint bank all retail product line is unified and also the block on work with medium and large business which will act on base of Korporativny branch is completely integrated into structure of Sovcombank. Ilya Brodsky who held a position of the chairman of the board of Rosevrobank earlier has passed to the president's position into Sovcombank. Brodsky's tasks will include monitoring of work with legal entities. "For clients of two banks association is only change of the name of bank and payment requisites. For the rest for clients of Rosevrobank all will work as before. Rates on the operating deposits and the credits issued in Rosevrobank don't change" — it is said in the statement. In 2015 the Sovcombank has acquired the minority equity stake of Rosevrobank then has begun to increase the share gradually. In 2018 shareholders of both credit institutions declared merge of banks. The capital of the joint bank will exceed 100 billion rubles, and assets will make about 1 trillion rubles.

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