Kamchatprofitbank

History

2024: Solid Bank announced the purchase of Kamchatprofitbank

In mid-April 2024, Solid Bank announced the acquisition of a controlling stake in Kamchatprofitbank. There is no information on the value of the transaction at the time of its execution.

Igor Vozisov, Chairman of the Board of Solid Bank JSC, notes that the purpose of the purchase is to increase capital and banking business volumes, strengthen positions in the Kamchatka Territory, expand the range of services for corporate and private clients of the region.

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By combining financial and technological capabilities with the municipal Kamchatprofitbank, we will provide our customers with a full and most balanced line of financial products, paying special attention to the needs of business and private customers in the historically significant Kamchatka Territory for both banks, says Vozisov.

After the transaction, the new banking group will continue to provide services to individuals, including those related to cross-border settlements and foreign travel. At the same time, the organization will increase the capital and volume of banking business and expand the range of services for corporate and private clients of the region.

It is also said that the Center for the Development of Foreign Economic Activity and Foreign Exchange Operations "Solid Bank" offers Kamchatka entrepreneurs a professional service, taking into account the individual needs of the business. The plans include even more comprehensive and special solutions for companies and individuals in this direction, and the completed deal will help in the implementation of the program.

At the same time, as noted, the banking group will expand the volume of classic banking products: lending to small businesses, leasing operations, issuing bank guarantees, issuing international letters of credit and other trade financing products.^[1]

Notes