trending Market Intelligence /marketintelligence/en/news-insights/trending/vZBZZIm_oJ7DX1fgLkROmg2 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.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

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

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Baring Vostok withdraws from further investments into Orient Express Bank

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


Baring Vostok withdraws from further investments into Orient Express Bank

Baring Vostok Capital Partners Ltd. intends to pay back to investors 5 billion rubles raised in 2018 for the recapitalization of Russia-based Public Stock Co. Orient Express Bank as the capital boost is not possible due to an ongoing shareholder conflict at the bank, Vedomosti reported Dec. 16.

Baring Vostok, which has invested over $320 million into Orient Express over the last nine years, has no plans to invest more after it lost control of the financial institution in June, the newspaper noted, citing Baring Vostok's representative.

The Russian central bank approved the 5 billion ruble capital boost for Orient Express in 2018 as part of the lender's financial recovery plan, but Russian businessman Artem Avetisyan, who currently controls Orient Express with his business partners, secured a court ban for the capital hike in 2019.

Orient Express told Vedomosti that it does not have a financial recovery plan at the moment that would require a capital boost. The bank also said it is able to fulfill its current loan loss provision and capital needs from its operating profit.

As of Dec. 16, US$1 was equivalent to 62.47 Russian rubles.