5 Oct 2021 12:36

Russia's Central Bank transfers Asian-Pacific Bank to Kazakhstan investor for 14 bln rubles

MOSCOW. Oct 5 (Interfax) - The Central Bank of Russia (CBR) and Kazakhstan's Pioneer Capital Invest have signed a sale-and-purchase agreement for 100% of the shares in Asian-Pacific Bank (APB), the CBR said in a statement.

The CBR has received slightly more than 14 billion rubles as part of the transaction. The CBR also expects the new owner to transfer part of APB's 9M 2021 net profit to the regulator by November 30.

APB's shares were transferred to Pioneer Capital Invest on October 5.

"Further corporate decisions and development strategy of APB are to be determined by the new owner," the CBR noted.