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Russia’s B&N Bank ready for new mergers in 2017

November 18, 2016 Prime
Russia’s B&N Bank and B&N Bank Murmansk have been merged with MDM Bank in a process of reorganization, and B&N Bank is ready for new merger and acquisition deals in 2017, Chairman of the Board of Directors and Co-owner Mikail Shishkhanov said, as cited in a statement of the bank, released on Friday.

“We have established a basis to create a bank of an international scale, innovative and highly technological. Next year we will continue the integrative and technological improvement of the united bank, after which we will be ready for new merger and acquisition deals,” Shishkhanov said.

The bank acquired Kedr Bank, B&N Bank Smolensk, B&N Bank Surgut and B&N Bank Tver, and also integrated its pay card affiliate earlier in 2016.
  • Full name
    B&N Bank (Public Joint-Stock Company)
  • Registration country
  • Industry