The ExpoBank completed in the summer of 2016 accession of Expo Finance bank of the joint-stock company (the former Royal Bank of Scotland, Moscow). The transaction on purchase of an asset from Royal Bank of Scotland is closed on April 1, 2016. The procedure of reorganization was begun in May, 2016.
Banks also completed the work on technology integration of balances and product lines, now wider list of products and services is available to clients.
According to the Chairman of the board of ExpoBank, Alexey Sannikov: "As a result of integration the capital of ExpoBank increased and was 11.5 billion rubles. 300 legal entities with passive base in 9.5 billion rubles became clients. All regulatory approvals from the Bank of Russia are got. The procedure of reorganization was performed in the planned terms".
In the course of accession operating costs are reduced and the presence geography is expanded – the office of ExpoBank in Yuzhno-Sakhalinsk is opened.
For April 01, 2016 assets of Royal Bank of Scotland Ltd were 14.5 billion rubles. Means of clients about 10.8 billion.
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