Wednesday, June 1, 2011

Gazprombank staring at Ukraine

The largest domestic bank buys Ukrainian "Agrocombank, whose assets are only in the 113-m site. The news that Gazprombank has decided to acquire Bank of the fourth group, few were surprised. According to Ukrainian media, the Russian player did not matter what bank to buy: big or small - all the same it was meant to carry only cash and settlement operations. As a result, the choice was stopped at the bank "Agrocombank" with a capital of $ 15.4 million (end of semester I, 2010), and it is known that the original Russian giant to present fairly stringent requirements on the quality of loan portfolio and the level of capitalization of the acquired bank. Now, if the deal goes through, should remain satisfied with it all: "Gazprombank" will begin work on a new market, and the "Agrocombank" a chance to build assets and increase their position. In addition, buying Agrocombank, the Gazprombank will appear 2 offices in Kiev, as well as one - in Zhitomir and Kotsyubinskoe. True, market specialists believe that this purchase does not imply that Gazprombank has decided to develop a banking business in Ukraine, the bank simply wants to monitor customer payments. Recall that Gazprombank is the third largest by assets in Russia. The Bank has the financial institutions in Belarus, Armenia and Switzerland, but its assets in Ukraine, the bank has ever had. Which can not be said of other Russian banks. So, for example, "Alfa Bank, VTB and Sberbank is actively developing in the neighboring country. True, according to the newspaper "Economic truth" in the past year reliability rating of Ukrainian banks, most subsidiaries of Russian financial institutions were only rated "satisfactory". And in all three Russian banks was recorded outflow of funds from the accounts of physical persons. However, this does not Gauvreau that a similar situation happen with Gazprombank. Indeed, in 2009, experts explain, the Ukrainian system just recovering from the economic crisis, but now the situation is more or less normal.

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