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.

Author: Irina Fomina

Tags: banks investment Russian business Russian businessmen  

Next Previous

You might also find interesting:

Average Rates On Loans Reduced
First Mobile Bank For Corporate Clients Is Launched
Russian Vaccines Will Be Produced In Managua
Economists Discussed the Options Of a Tax Maneuver
Ministry of Industry and Trade will Sign an Agreement With Mazda

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Moscow  Russian events  New Years Day  Exhibitions in Moscow  Novorossiysk  Alexander Sokurov  Russian Cinema  Russian Literature  Ferris wheel  the Urals region  Aeroexpress  Russian religion  Charity  Manors of Moscow  Patriarshy Garden  Siberian Fire  Losenko  Russian tourism  Ernst Neizvestny  Russian history  Monuments in St. Petersburg  Beijing Railway  Sukhoi Superjet   Russian satellites  Fairs in Moscow  Art events  Russian boxing  Concerts in Saint Petersburg  Moscow State University  Klintsy  Mikhail Prokhorov  Valery Gergiev  Azov  Archeology  Russian schools  Parliament in Action  Viktor Tsoi  AvtoVAZ   Mercedes-Benz Fashion Week Russia  Aleksandr Khanzhonkov  Painting  Kolomenskoye  Teheran International Book Fair  Russian actors  History of Russia  Kamchatka  Russian business  Russian opera singers  Far East  Nikolay Pozdeyev 

Travel Blogs
Top Traveling Sites