Sinara Group increased its stake in Sinara Bank to 86.4%

AK&M 31 March 2023 16:54

Sinara Group increased its stake in PJSC Bank Sinara to 86.4%. The company discloses such data in its financial statements.

The transaction took place in early February 2023. The Group does not disclose the seller of the purchased package, specifying only that 1.377 million shares were repurchased.

According to the latest data disclosed by Sinara Bank (SKB-Bank), as of September 30, 2021, the bank was owned by 53.78% by Sinara Group JSC and 42.64% by TMK Steel Holding Limited.

Sinara Group is a Russian diversified holding company. The holding's priority business areas are transport engineering, financial services, and development. The central office of the holding is located in the city of Yekaterinburg.

Sinara Bank provides a wide range of banking services and products to customers throughout the Russian Federation. The shareholder of the bank is a diversified company "Sinara Group".