"Orient Express Bank is not ready for an IPO. Bankers feel that now it is better to take a break. A member of the board of directors of credit institutions Cyril Nifontov said previously planned initial public offering (IPO) postponed from 2010 to 2011. According to him, now on the market there are still many risks and sale of shares not to be profitable for his company. Better to wait a while to hit the "friendly wave." The proceeds from the IPO funds bank planned to send to increase its stake in Russian financial markets. However, as the assets of the shareholders will have to wait at least another year. Currently, the "Orient Express Bank is not the owner, has a controlling stake. One of the largest shares owned by the head of board of MDM Bank, Igor Kim (17%) and deputy chairman of the board of directors of Sibakadembank Andrei Bekarev (16%). As the decision to shift the terms IPO journalists remains unknown. According to many ratings, the bank is located in the middle of the top 100 Russian credit institutions. He is actively engaged in the conduct of affairs in the Far East, where it has a solid share of the regional financial market. Such behavior of the bank was predicted by analysts from Alfa-Bank, arguing that many Russian companies are likely to outsource its IPO at a later date and the amount of the proceeds will not exceed $ 8 mldr, whereas previously planned to receive $ 10 billion, the largest Russian companies who launch IPO to date have Rosneft, VTB and Sberbank ".
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