trending Market Intelligence /marketintelligence/en/news-insights/trending/s2w-chjgjrmlfaismncvjg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Russia-based Sotsinvestbank plans merger with parent

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

Russia-based Sotsinvestbank plans merger with parent

Russia-based JSC Sotsinvestbank said March 22 that it will merge with its parent, Bank Rossiysky Capital (PJSC).

The merger process is expected to be completed by the end of 2019. The merged financial institution will develop as a universal and mortgage lender, with plans to become a top-three bank in Russia in terms of issued mortgage loans, Sotsinvestbank said.

The two lenders are controlled by JSC DOM.RF Russia Housing & Urban Development Corp., which took them over from the Russian Deposit Insurance Agency in December 2017.