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11/09/2019
17:45
Devon-Credit/Lipetskcombank merge with Zenit Bank

At the special meeting the holders of Zenit Bank approved the merger of Devon-Credit and Lipetskcombank, as it was informed.

Now the internal restructuring of the banks is under way; the legal merger is assumed to be completed Nov. 15, 2019.

The stage-by-stage integration of the subs was launched in Sep. 2018 within the realization of the 3-year strategy aimed to restructure the Zenit Group business. Apart from the above two banks Spiritbank and Zenit Bank (Sochi) are to be merged by mid-2020.

Zenit Banking Group was formed in 2005 through the acquisition of the controlling stake in Devon Credit by Zenit Bank (TIN 7729405872). In 2007 it acquired Lipetskcombank and Sochigazprombank (renamed into Zenit Sochi Bank) and in 2008 - Spiritbank (Tula).

Tatneft is keeping 71.1% in Zenit Group. The IH 2019 net profit (IAS) reached 5.7bn rub.

"AK&M", 14:58, 11.09.2019 1251 BNK,AKM,ECO0

 

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