Sunday, October 30, 2011

Akhmetov bought bank Renaissance Capital

Rinat Akhmetov today a deal to purchase bank Renaissance Capital. SCM Group bought 100% stake in the group "Renaissance Credit" We've always been interested in expanding our banking business. Integration into his bank Renaissance Capital, which, in our view, has growth potential, will allow us to expand our portfolio of industry-leading financial services that go into a new market segment for us - commented on the deal Ilya Arkhipov, business development director of SCM. - As for the future development bank, we intend to keep the existing business model, working closely with his team of experienced managers and staff. We are confident that over the next few years, the bank Renaissance Capital will take a leadership position in the consumer segment and POS lending in Ukraine. " "We very carefully approached the planning of this transaction and its structure will not lead to personnel rotation in the bank, nor to any change to its customers. The Bank will operate as a separate legal structure within the banking business lines SCM - added Arkhipov. As the press service of SCM, with the agreement of the parties the terms and amount of the transaction were not disclosed. 100% of JSC SCM shares are owned by Rinat Akhmetov. Assets of the richest Ukrainians Forbes magazine estimated at 16 billion dollars.

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