August 19, 2017 9:35 PM ET

Banks

Company Overview of B&N Bank (Public Joint-Stock Company)

Company Overview

B&N Bank (Public Joint-Stock Company) provides banking products and services in the Russian Federation and internationally. Its Corporate Banking segment offers deposits and loans; trade, guarantee, corporate, and export lending finance products; and leasing, factoring, settlement, cash management and collection, and syndication services to corporate clients. The company’s Retail Banking segment provides deposits, loans, money transfers, currency transactions, and banking card products to individuals. Its Small and Medium Entities segment offers deposits and loans; and foreign exchange, and cash management and collection services to small and medium businesses, and individual entrepreneurs. ...

Building 1

Kotelnicheskaya Naberezhnaya, 33

Floors 3-6

Moscow,  115172

Russia

Founded in 1990

Phone:

8 495 755 5075

Fax:

8 495 755 5081

Key Executives for B&N Bank (Public Joint-Stock Company)

First Deputy Chairman of the Management Board and First Deputy Chief Executive Officer
Age: 39
First Deputy Chairman of the Management Board and First Deputy Chief Executive Officer
Age: 45
Head of the Risks Block and Member of Management Board
Head of Crediting Department
Managing Director of Corporate Investment Unit
Compensation as of Fiscal Year 2017.

B&N Bank (Public Joint-Stock Company) Key Developments

B&N Bank To Reportedly Sell Toxic Assets Of MDM Bank Within Six Months

According to sources close to B&N Bank Public Joint-Stock Company, the co-owner and board Chairman of B&N Bank Mikhail Gutseriev has asked to sell toxic assets received after the merger with MDM Bank in 2016, within six months. This applies mainly to the debt on loans to legal entities.

B&N Bank Announces Executive Changes

B&N Bank co-owner Mikail Shishkhanov is stepping down as CEO of the Russian lender to take the position of deputy chairman of the bank's parent Safmar Group. Alexander Lukin, who was appointed general director of Safmar nongovernmental pension fund in March and previously worked at B&N Bank, will be appointed acting CEO of the bank. Shishkhanov was president and CEO of B&N Bank from January 1996 to July 2015, when he took the position of CEO at the acquired MDM Bank and was simultaneously elected chairman of B&N Bank. In November 2016, after the completion of B&N Bank's merger with MDM Bank, he was appointed CEO of the merged bank. The decision to step down as CEO of the bank is dictated by the rapid growth of Safmar Group and the need to improve its corporate governance.

MDM Bank Plans to Open Representative Offices in the UK and Greece

MDM Bank may open representative offices in the UK and Greece. The MDM board of directors will examine the issues of opening representative offices in those two countries at a meeting on October 24, 2016.

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Recent Private Companies Transactions

Type
Date
Target
Buyback
July 21, 2017
--
Merger/Acquisition
January 26, 2017
B&N Bank Stolitsa AO
Merger/Acquisition
December 14, 2016
B&N Bank Public Joint-Stock Company
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