Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Barclays Banks Assets in Russia are Sold
26.10.2011 10:21
Barclays Banks Assets in Russia are Sold

Barclays Bank PLC has sold Barclays Bank LLC, including retail and commercial banking operations in Russia to a group of investors. One of the leading Russia’s banker, Igor Kim, is called among the investors, reports Barclays in its press-release.

      
The names of other investors and the sum of the deal are not disclosed. Under the terms of the sale, the purchasers will have the right to continue to use the Barclays name in connection with the acquired business for a transitional period of up to nine months.

      
According to the press release, Barclays’ new shareholders plan to develop the Bank over the medium term, using its existing platform to create a leading financial institution in the Russian market.

      
Barclays Capital will continue to operate in Russia through its existing broker dealer subsidiary Barclays Capital LLC. Barclays Wealth, the private wealth management division of Barclays, will continue to offer offshore wealth management services to individuals in Russia.

      

www.newsroom.barclays.com


      

www.lenta.ru


Author: Irina Fomina

Tags: banks investment Russian business Russian businessmen  

Next Previous


You might also find interesting:

Main Problems of Doing Business in Russia
17.03.2020
10 Startups have Become Finalists of the MTS Corporate Accelerator
16.08.2019
Russian Restaurateurs will Close from 20 to 50% of Establishments Due to the Crisis
27.04.2020
Russian Companies will be Able to Protect their Trademarks Abroad
23.12.2019
Food Sharing in Russia
31.10.2019







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Russian rouble  Altai  Isidor Frikh-Har  Samara  Russian sportsmen  Voronezh Region  Olympics 2012  Russian aviation  Russian regions  Hermitage Museum  air carriage fare  Festivals in Moscow  The Songs of Russia   money transfer  FIFA Russia 2018  Moscow  Russian catering  Yaroslavl Region  inventions  skiing in Russia  International Monetary Fund  the Pushkin Museum of Fine Arts  activity holidays  Russian politics  winter tours  Russian lifestyle  Russian business  WOMAD  St. Petersburg  Modern Russian Literature  Khabarovsk  Gelendzhik  Weapon Museum  Russian Cinema  travel to Russia  Mercedes-Benz Fashion Week Russia  Russian tourism  Irkutsk Region  Russian sportswomen  Korenovsk  Russian gas  Exhibitions in Moscow  Arts Festivals  Anatoly Serdykov  Alexander Borodin  Tyumen plane crush  religious tourism  Siberia  Bakhrushin Museum  Censorship 


Travel Blogs
Top Traveling Sites