Banca Intesa, Italy’s largest bank, has signed a share purchase agreement to acquire a 75% stake in Russia’s Small Business Credit Bank (KMB), a leading provider of lending and leasing to small and medium-sized enterprises (SMEs).
Central & eastern Europe
Latest articles from Russia
Hansabank seals Russian deal
April 4, 2005Hansabank Group has announced the successful completion of the acquisition of the Moscow-based Kvest bank.
Russia’s good news hidden by hysteria
April 4, 2005Alarmist predictions, while unfounded, present opportunities for investors, says William Browder.
A better footing for the markets
March 7, 2005Russia’s investment rating upgrade is good news for the bond market as Vladimir Putin faces the first real opposition to his government since his election to the presidency five years ago. Ben Aris reports.
All in the timing
March 7, 2005A plentiful source of finance for Russian corporates with access to Western capital, syndicated loans are emerging as a domestic funding option.
Bonds prove irresistible
March 7, 2005Russia’s bond market has been quiet after last year’s banking scare. But it looks set to take off again with a bang, as Ben Aris reports from Moscow.
Russian banks are reacting to growing consumerism
March 7, 2005Though such thinking is indicative of the attention bank executives are paying to their core businesses, steps are being taken that will change the playing field. Though it appears as bordering on counter-intuitive, most mid-sized banks are making a sustained push to drive up retail customer numbers as a means of cashing in on the country’s rising tide of consumerism.
Local knowledge goes a long way
March 7, 2005Government intervention in the Russian energy sector is providing an unexpected fillip to local investment banks offering mergers and acquisitions advisory services.
The middle way
March 7, 2005Reform is altering Russia’s banking landscape and, by leveraging innovation, entrepreneurship and product development capability, Russia’s mid-sized banks appear well-armed to profit from change.
Andrey Suchkov
February 2, 2005
vice-president, Vneshtorgbank
Andrey Suchkov is the head of Vneshtorgbank’s mortgage and consumer credit division and has a good claim to the title “father of Russian mortgages”.
Mortgages have just come of age in Russia and the business of lending money to people to buy their own home is expected to grow from the current $1bn to somewhere over $100bn by the end of the decade.