The closedown of CB Stromcombank LLC through the takeover by Expobank LLC was officially registered by making an entry in the Unified State Register of Legal Entities dated March 7, 2013, the Department for External and Public Relations of the Bank of Russia informed.
Stromcombank will reopen as Expobank's branch in Krasnoyarsk.
It will be recalled that the members of Expobank and Stromcombank arranged for their merger in late December 2012.
CB Expobank LLC (former CB Barclays Bank) established 1994, is a universal financial institution. Igor Kim and his partners acquired 100% of the bank from Barclays Bank. Net loss (RAS) of Expobank for 2011 was RUB 737.428 million against a profit of RUB 66.407 million for 2010.