Uniastrum Bank will become the owner of 25% of the Bank “East”


Bank “the East” held an additional issue of 3 billion rubles, having received applications from eight investors. At issue was attended by Uniastrum Bank, whose share in the capital of the Bank “East” may be a little less than 25%, said in a press release that Uniastrum Bank sent out on Tuesday, may 24. The Bank’s main shareholder — the company Evison Holdings Limited, which is controlled by Baring Vostok funds, also participated in the additional issue.

Partner Baring Vistok Vagan Abgaryan said that the funds will buy about half of the additional issue, that is about 1.5 billion rubles.

“The final allocation of shares will be clear after summing up the issue and registration of the report by the Bank of Russia”, said in the release Uniastrum Bank. Partnership with KB “the East” — our strategic investment in regional development, because it has one of the largest branch networks and deep knowledge of regional markets, says the purchase of shares of Vice-Chairman of Uniastrum Bank Alla Tsytovich. The Bank serves more than 18 thousand SME clients.