ExpoBank

About the Company

Expobank - issuer of cards of payment systems VISA and MasterCard - is one of the leaders of the Russian acquiring business. For the successful development of this area in December 2007, the Bank was awarded the National Prize "Company of the Year." The Bank is one of the five most dynamically developing banks in Russia from 2003 to 2007 (according to RBC rating), in the top ten Russian banks operating with gold.

Illustration: ekspobank.blizko.ru

The Bank's 1,500 employees serve approximately 400,000 clients and partners in more than 20 branches and offices in Russian cities. The Bank's clients have access to a wide network of multifunctional ATMs consisting of 400 devices.

Activity

Expobank LLC shall:

• banknote transactions;

• interbank lending;

• conversion operations;

• securities transactions;

• REPO operations.

2024: Closing the transaction on the acquisition of the Russian subsidiary HSBC

On May 29, 2024, Expobank announced the closure of the acquisition of the Russian subsidiary HSBC. Acquisition of 100% stake in LLC HEC Bank (RR) from HSBC Europe B.V. was approved by the President of the Russian Federation in accordance with Decree No. 520 and the Central Bank of the Russian Federation. Read more here.

2023: Sale of Serbian daughter to Montenegrin bank

The structures of Russian businessman Igor Kim sold his last asset in Europe, Expobank A.D. Belgrade in Serbia, to Montenegrin bank Adriatic Bank A.D. Podgorica. This was announced on April 14, 2023 by the law firm Schoenher, which acted as a consultant to the transaction. It clarified that the financial consultant of the transaction was the Belgrade branch of KPMG. Read more here.

2022

Providing a credit line for CarMoney

Fintech service CarMoney on November 17, 2022 announced that it had raised 300 million rubles to finance current activities. The credit line was opened at Expobank JSC for a period of 24 months, until November 2024, in order to implement a strategy aimed at increasing capitalization and increasing market share. Read more here.

HSBC sold its Russian "daughter" Expobank

In early July 2022, it became known Russian about the sale of the business HSBC to Expobank, which belongs to a Russian entrepreneur. Igor Kim Financial the terms of the agreement are not disclosed. More. here

2021

Sale of Czech bank

On March 10, 2022, it became known about the sale of the Czech Expobank CZ to a consortium of investors, which included the private Latvian bank Signet and a group of American investors. Financial and other terms of the transaction were not disclosed. To close it, you need permission from the National Bank of the Czech Republic. As soon as it is received, the Czech bank will not have Russian shareholders, said Expobank CZ spokesman Jakub Švestka. Read more here.

Fraudsters exchanged jokes bank tickets for almost 13 million rubles in the Expobank terminal

In December 2021, it became known that in Moscow, fraudsters exchanged joke bank tickets in the Expobank terminal for almost 13 million rubles, but managed to cash out less than half - 5.5 million. The "eaten-up" counterfeit ATM was checked a few days before the incident.

According to the Expobank security service, savings and outdated equipment are to blame.

Memorandum on the purchase of Uzbek Poytakht Bank

In September 2021, the Agency for State Assets Management of Uzbekistan signed a memorandum with the Russian Expobank on the privatization of Poitakht Bank.

The document was signed as part of the economic forum in Tashkent.

Since the founding of 100% of the authorized capital of Poitakht Bank belonged to the state in the person of the khokimiyat of Tashkent.

In May 2021, AUGA announced the acceptance of applications for the privatization of the bank.

Notes