Gazprombank and Packer Service LLC have completed the deal making the bank a shareholder of the company providing hi-tech well remedial and workover services to major oil and gas production and oilfield service companies, the bank informed.
Proceeds from the transaction will be invested in the development of Packer Service. In particular, the company will purchase up-to-date equipment based on advanced foreign technologies to expand its range of services.
OJSC Gazprombank (GPB, tax number: 7744001497) established in 1990 is among the three largest banks of Russia in terms of financial performance, and ranks third among the largest banks of Central and Eastern Europe. The regional network of Gazprombank includes 43 branches and 5 Russian banks where GPB holds shares. Gazprombank also has shares in two foreign banks, Belgazprombank (Belarus) and Areximbank (Armenia). The bank's shareholders are: OJSC Gazprom, OJSC Gas-Tek, NPF Gazfond, New Financial Technologies LLC, Vnesheconombank.
IFRS net profit of Gazprombank Group for 2011 decreased by 38.4% to RUB 40.832 billion from RUB 60.263 billion for 2010. Net profit (IFRS) of Gazprombank Group for H1 2012 decreased 3.6-fold year-on-year to RUB 10.6 billion from RUB 38.1 billion. Net profit of the bank for 9 months 2012 as per RAS increased twice to RUB 37.8 billion.