Russian payday lender Zaymer acquires Euroalliance Bank for 490 mln rubles

MOSCOW. June 27 (Interfax) - Russian payday lender Zaymer has acquired the small Euroalliance Bank for 490 million rubles, the company said.

"Thanks to this deal our company is entering the banking services market. As a professional creditor, we see our country's citizens' need for the banking and microfinance sectors' credit products and plan to offer our services to both retail and corporate clients. We will also develop technological solutions for conducting the settlements of individuals and businesses," Zaymer CEO Roman Makarov was quoted as saying by the company's press service.

Euroalliance Bank, which was founded in 1992, is headquartered in Ivanovo and has eight additional offices in the city and surrounding region, as well as an office in Moscow. The bank's equity stood at 449 million rubles on June 1. The bank was Russia's 285th largest by assets at the end of the first quarter of 2025, according to the Interfax-100 ranking.

Zaymer carried out an IPO on the Moscow Exchange in April 2024, placing its shares at 235 rubles each, which gave it a market capitalization of 23.5 billion rubles at the start of trading. Following the IPO, the free float amounted to approximately 15%. Zaymer's principal shareholder is its founder Sergei Sedov, who owns 85.32% of the company's shares.

Zaymer specializes in providing short-term online loans and was the largest payday lender in Russia by amount of loans issued in 2019-2023, according to the Expert RA ranking. The company said it has 19 million customers.