Expobank
Expobank LLC is a commercial bank in Russia. According to EMEA Finance Europe Banking Awards, Expobank was twice recognized as the best bank in Russia in 2014 and 2015. When working on the ratings, EMEA Finance experts consider such criteria as the results of economic activity, increase in profits and business expansion. According to the annual international rating of The Banker magazine, Expobank became the best bank in terms of return on equity – 41.39% (ROE) among the top 100 Russian banks and took the second place in the ranking among the top 10 banks in terms of return on assets in 2014.[1]
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| Type | Commercial Bank |
|---|---|
| Industry | Banking Financial services Investment services |
| Founded | 1994 |
| Headquarters | Moscow , Russia |
Number of locations | over 50 points of service in Russia (including Kurskprombank) |
| Products | Consumer banking Corporate banking Investment banking |
 RU₽2bn (2018) | |
| Total assets | RU₽71.963bn (2016) |
| Total equity | RU₽10.447bn (2016) |
| Owner | Igor Kim |
Number of employees | over 1200 (2019) |
| Website | expobank |
Activity
Expobank's priority is providing high quality services to corporate and wealthy private clients. Expobank specializes in providing banking services and has rich experience in conducting successful transactions related to raising finance, mergers and acquisitions (M&A) transactions, business restructuring for Russian and international companies.
History
Expobank LLC was founded in 1994. In March 2008, the bank was acquired by the largest British holding Barclays and renamed to Barclays Bank LLC.
In October 2011, the bank was acquired from Barclays Group by Igor Kim and his partners. The purchase of Expobank was recognized as a deal of the year on the M&A market in 2011. At the beginning of 2012, the bank was renamed to its old name, Expobank LLC, and rebranded.
In September 2012, a transaction was completed for the acquisition by Expobank of a 100% shareholding in Sibbusinessbank. On 6 December 2012, an agreement was reached on the consolidation of the controlling stake of Commercial Bank Stromkombank by Expobank. On 7 March 2013, the process of merging Stromkombank with Expobank was completed. Stromkombank continued its work as a branch of Expobank in Krasnoyarsk.
In September 2014, Expobank successfully closed a deal to acquire a 100% stake in Czech bank LBBW Bank CZ a.s. from Landesbank Baden-Württemberg. The bank was renamed to Expobank CZ a.s. Expobank LLC owns 19.8% of the voting stock of Expobank CZ a.s.
In March 2015 Expobank LLC acquired 100% of MAK-Bank from the ALROSA diamond mining company, later the bank was merged with Expobank LLC.
In November 2015, Expobank LLC made a deal with the Royal Bank of Scotland group to purchase the RBS subsidiary in Russia, the Royal Bank of Scotland CJSC. On 1 April 2016, the transaction was successfully completed. As of 1 August 2016, the Bank was merged with Expobank LLC. As part of the Achievement Awards on 9 June 2016, EMEA Finance magazine recognized the acquisition of the Royal Bank of Scotland's Russian subsidiary as the best M&A deal of 2015.
In December 2017, Expobank LLC successfully completed a deal with the Turkish Yapı ve Kredi Bankası A.Ş. to acquire 100% stake in JSCB AKB Yapi Credit Bank Moscow. Yapi Credit Bank Moscow is the first Turkish bank to appear in Russia: in 1988 as a Representative Office, and in 1993 as a holder of a license from the Central Bank of the Russian Federation.
In 2018 the integration process was completed and Yapi ve Kredi Bankasi A.S. was merged with Expobank. Also during this year, Expobank announced a deal to purchase 15% shares of SDM Bank from the European Bank for Reconstruction and Development. For Expobank, the deal became a portfolio investment.
In 2019 Expobank reached an agreement with the shareholders of Kurskprombank PJSC on the acquisition of a controlling stake. Kurskprombank has been operating on the market for 29 years and is the largest bank by assets in the Central Black Earth economic region.
Shareholders
Currently, the owners of Expobank are the chairman of the board of directors Igor Kim (75.5%), one of the beneficiaries of HMS Group JSC German Tsoi (19.3%), member of the board of directors of Expobank LLC Kirill Nifontov (2%). Shares in the amount of 0.9% are controlled by the bank, the remaining shares in the authorized capital are distributed among minority shareholders.
Performance
Among the Bank's customers there are about 7 thousand companies and more than 65 thousand private clients. Expobank has more than 50 points of service in 13 main cities of Russia – in Moscow, St. Petersburg, Novosibirsk, Kemerovo, Kursk, Voronezh, Oryol, Yekaterinburg, Perm, Ufa, Krasnoyarsk, Surgut and Yuzhno-Sakhalinsk (including Kurskprombank).
Ratings
- In March 2020, NKR has assigned an initial rating of A-.ru to Expobank with a stable outlook.
- In September 2019, Fitch Ratings upgraded Expobank's international rating to "BB-" with a stable outlook.[2]
- In May 2019, Expert RA assigned Expobank a rating of ruА- with a stable outlook.