Friday will be the last day for filing applications to purchase 21% stake in one of the largest Turkish banks Garanti. And Russia’s Sberbank, it seems, will take part in this competition. For him, it could become the second major acquisition in the past three months. As recently as December, he became the master of the Belarusian BPS-Bank. On Tuesday it became known, and that the group of Russian businessmen intend to acquire the Latvian Parex banka. This expansion may allow investors from Russia to take revenge for the failure of colleagues – metallurgy, automobile manufacturers and many others, are not allowed to go to the West for political reasons.
block of shares in Garanti Bank has exposed on sale of American company General Electric . Because of the crisis of American industrial giant has decided to get rid of its noncore assets. It is expensive package – the latest exchange rate of the Istanbul stock exchange about $3.7 billion
of the desire of the Savings Bank to purchase a piece of Turkish bank became known to Reuters. General Electric is very pleased with this, sends word of its source agency. Savings will participate in the competition for the purchase of Garanti, along with other four or five candidates. But in Russia’s Bank for talks silent. “No comment” – conveyed through the press service of the Chief Financial Officer of Sberbank Anton Karamzin.
However, applicants, and so have enough. Together with Sberbank of their past six, and most likely there are also large Turkish conglomerate Dogus Group, which is still owned 30.5% stake in Garanti. Benefits for Dogus obvious – after buying 21% stake in the company will have a controlling stake Garanti.
By the way, Sberbank is now just completing the absorption of the Belarusian BPS-Bank. In December 2009, it acquired 93% of its shares, and the end of March is going to buy another 7% and become its sole owner.
A group of co-owners of Russia’s Petropavlovsk mining companies eyeing the assets to the Latvian Parex banka , said their spokesman. The bank went bankrupt at the height of the crisis in autumn 2008, and the Latvian government was compelled to provide him with state aid to 670 million euros, and then it was nationalized. Now the government is not averse to return the money.
foreign banks buying up Russia’s – it is really a trend, but hardly a long time, experts say. Now domestic banks a lot of money, said a member of the MICEX Index Committee Sergei Sovereign. But nowhere do with these funds, because financially strong companies that “nestrashno” to give credit for several years within the country lacks.
– Still Russian banks’ core business – lending it local borrowers. And we have the whole loan is not enough. Therefore, the direction of buying may not be sustainable. Rather, our banks do not go beyond the Customs Union and the CIS – the expert believes.
Nothing dangerous for the country in this trend is not. Banks should be profitable, and if they can earn more abroad, let them earn economist believes the Department of Economics and World Bank policy Sergei Udalov.
– now the restoration of the world economy, and banks are trying to guess in what sectors will rise faster. I think the banks will need six months to understand it and to restore their long-term lending, – he said.
