Press releases | Archive 2009
RBC announces the sale of RBK Bank
Moscow, April 30, 2009 - As part of the restructuring process and disposal of non-core assets, RBC (RTS, MICEX: RBCI) announces that it has sold its stake of 98.2937% in OAO RBK Bank. It was acquired by individuals and one of the major oil trading companies, which ended up with the largest stake in RBK Bank. The transaction value stands at RUB 300mln. RBC management is positive that the sale of RBK Bank will help stabilize the company’s financial standing amid the ongoing crisis.
RBC acquired OAO RBK Bank in late 2007, in order to develop an Internet payment system based on its infrastructure. However, RBC has reconsidered the development strategy for its online payment system, RBK Money, and now plans to further develop the system independently of any specific bank in order to target a broader audience.