trending Market Intelligence /marketintelligence/en/news-insights/trending/3M2VqOmciU5qPC6633uFLA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Report: International Financial Club Bank to possibly get new shareholder

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Report: International Financial Club Bank to possibly get new shareholder

Tatiana Orlova, recently appointed first deputy chair of the management board at Russia-based JSC JSCB International Financial Club, plans to acquire a stake worth 2 billion rubles in the lender, Kommersant reported Jan. 21, citing market sources.

International Financial Club Bank and Orlova herself did not comment on the potential transaction. Russia's Federal Antimonopoly Service approved in December 2019 a purchase of a 35.84% stake in the lender by an individual, whose name was not disclosed, Kommersant noted.

International Financial Club Bank is currently controlled by Russian businessman Mikhail Prokhorov, who owns 83.6% of the lender directly and additional 9.8% via Cyprus-based Onexim Holdings Ltd.

Orlova, who is the daughter of deceased Vozrozhdenie Bank founder Dmitry Orlov, also intends to divest her roughly 10% stake in PJSC Transkapitalbank, Kommersant said. The shares could be purchased by Russian businessman Yuri Berezovsky, whose companies already own Transkapitalbank shares.

As of Jan. 20, US$1 was equivalent to 61.63 Russian rubles.