Russia's Federal Antimonopoly Service permitted the Bank of Moscow to acquire 100% of the shares in CJSC CitiBike, the regulatory body informed.
CJSC CitiBike (Moscow) is principally engaged in renting of recreation and leisure equipment.
The Bank of Moscow (tax number: 7702000406) established in 1995 is among 30 major Russian banks. Its authorized capital is RUB 18 billion. BoM provides services at 297 banking outlets in the regions of Russia. The Bank's network includes 4 subsidiary banks outside of the Russian Federation: JSC BM Bank (Ukraine), OJSC Bank Moskva-Minsk (Belarus), Estonian Credit Bank (AS Eesti Krediidipank), and JSC Bank Moskvy (Belgrad, Republic of Serbia). VTB Bank increased its share in the Bank of Moscow to 94.87%.
Net profit (IFRS) of the Bank of Moscow for 2011 was RUB 24.6 billion against a loss of RUB 69.7 billion for 2010. IFRS net profit of the BoM Group for H1 2012 was RUB 10.1 billion against a profit of RUB 348.823 million for the same period in 2011.
Net profit (RAS) of the Bank of Moscow for 9 months 2012 was RUB 3.797 billion increasing by 9.36% year-on-year.