24 Feb 2015 18:44

Arkady Rotenberg buys 11.2% stake in SMP Bank from bank's former chairman

MOSCOW. Feb 24 (Interfax) - The former chairman of SMP Bank and current member of the board of directors, Dmitry Kalantyrsky, has sold his 11.2% stake in the bank to Russian businessman Arkady Rotenberg, according to SMP materials.

Rotenberg now owns 49.25% of shares, while his brother, Boris Rotenberg, owns 38.05%. The brothers previously had the same amount of stake in the bank.

"For family reasons, I can't manage the bank, and that is why I previously left my position as president and chairman of the bank. We have decided that for the bank's future development it would be better if I also sell my shares to the main shareholder," Kalantyrsky told Interfax through the bank's press service.

Another 5.6% of shares belong to Irina Danilova through several companies, while remaining stake of less than 2% belongs to other individual minority shareholders.

SMP Bank was Russia's 26th largest bank by assets and 31st by retail deposits at the end of 2014, according to the Interfax-100 ranking.