Vostochny Bank
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Vostochny Bank (Russian: банк Восточный; sometimes translated as Orient Express Bank) is a Russian financial company based in Blagoveshchensk, Amur Oblast. It was established in 1991.[1]
Vostochny Bank focuses on the Siberian and Far Eastern markets,[2] and ranks among the 30 largest Russian banks by assets.[3] The private equity firm Baring Vostok owns a stake in Vostochny.[4]
In 2010 it purchased Consumer Bank, a Russian subsidiary of Banco Santander, and Morgan Stanley's City Mortgage Bank.[5] In 2015 the bank reduced its workforce by half, laying off 4,000 employees.[6] In 2016 it merged with Uniastrum Bank.[2]
References
- ^ "Orient Express Bank". ebrd.com. Retrieved 29 August 2017.
- ^ a b "Russia's Uniastrum to merge with Orient Express as banking consolidation accelerates". Intellinews. Retrieved 29 August 2017.
- ^ "Banker Kim Seeks Foreign Assets". The Moscow Times. Retrieved 29 August 2017.
- ^ "Foreign Investor for Orient Express Bank". The Moscow Times. Retrieved 29 August 2017.
- ^ "Banco Santander sells out of Russia's Consumer Bank". RT International. Retrieved 29 August 2017.
- ^ "25,000 Employees Fired From Russian Retail Banks This Year". The Moscow Times. Retrieved 29 August 2017.
External links
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