The Bank “Opening” came out of the capital of Bank of Cyprus


MOSCOW, August 24. /TASS/. Bank “Opening” has sold 19.8% of shares of Cyprus, Russian Commercial Bank (RCB), reported TASS the representative a press-services of the Russian Bank.

“We have always considered the purchase of a minority stake in RCB as a portfolio, not a strategic investment. Our expectations from her were completely justified – we received an attractive offer to buy our share of close investment with a substantial profit. The funds we planned to invest in the development of business in Russia, including retail,” said he.

According to the representative of the press service, “Opening” continued from RCB partnerships parts products and services.

“Discovery” became the owner of 19.8% of the shares of RCB in 2014 by acquiring the share of the main shareholder of the Cypriot banks – VTB group.

“The share of VTB Bank in RCB Bank on the results of the transaction [output “Opening” of the capital] has not changed and is 46,29%,” – said TASS in the press service of VTB.

Share “Discoveries” bought the RCB management, said in a statement on the website of the Cyprus Bank.

Source