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:

Sberbank - the Most Reliable Russian Bank
Sales Of Ferrari Cars Increased In Russia
Russian Banks Increased Profit Nearly Five Times
14th Metallurgical Summit
Company Controlled By Domodedovo Placed Eurobonds For $ 350 Millions

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Multimedia Art Museum  protest actions  Street Art  Bashneft  Russian government  Painting  Vegetables  Uglich   Russian history  Orthodox Church  Elizabeth Taylor  Russian tourism  Tragedy  Russian arms  visa center  Russian Literature  Wooden Architecture  Archeology  Fashion  Garik Sukachyov  ecology  Raisa Shabanova  Historical Background  Russian journalists  astronomy  Mercedes-Benz Fashion Week Russia  Republic of Karelia  Russian Cinema  Pavel Bazhov  Moscow events  migration in Russia  Vyborg  Museums of St. Petersburg  Hermitage Museum  Olga Rozanova  Exhibitions in Moscow  Exhibitions in Tver  Russian business  Grishin Robotics  Banking in Russia  James Bond  Baikonur  Belogorsk  Moscow  Dagestan  Kremlin Palace  The Romanov Family  Saransk  Ksenia Nechitailo  Planetarium 

Travel Blogs
Top Traveling Sites