Global Capital Markets

Rosbank, the seventh largest Russian bank, finds Ukraine an interesting market for potential expansion, reported Vedomosti. The paper published an interview with Rosbank CEO Alexander Popov. In comments about potential expansion of the bank, he stated that Ukraine is “very interesting”, but admitted that Ukrainian assets are expensive. However, Rosbank will monitor this area, Popov confirmed. Popov also stated that Rosbank already has a subsidiary in Belarus. At the moment Rosbank does not consider its presence in other CIS countries, he added. Popov confirmed Rosbank’s preparations its for London IPO, Vedomosti also wrote. Rosbank is in about 97% controlled by Interros, the Russian holding company. The bank had assets of RUR 199.5bn (EUR 5.9bn) as of 1 January 2006, Vedomosti wrote, with reference to Interfax data.
Source
Vedomosti
Value
EUR 5,900m (Rosbank assets as of 1 January 2006)