Metallurgical Commercial Bank (Metcombank)

Briefly about JSC Metcombank Metallurgical Commercial Bank Open joint stock company – the universal bank providing services to corporate and private clients, small and medium business. The Metcombank works at financial market of Russia since 1990, is founded based on metallurgical department of Industrial Construction Bank of the USSR in Cherepovets. Financial stability of Metcombank is confirmed by the ratings of the international Moody's Investors Service. Scores are assigned to bank: B3/E +, the forecast "positive", Moody’s Interfax Rating Agency is the rating of investment category Baa2ru. Assets of bank as of July 1, 2011 were 27.8 billion rubles, the capital – 2.34 billion rubles (the reporting of RAS). Shareholders of bank: Severgroup Ltd (19.18%) and Capital LLC (67.91%).

Severgroup, group of investment companies which activity is connected with management of share blocks for the benefit of Alexey Mordashov and PJSC Sovcombank announced in the summer of 2016 agreement signature of purchase and sale of JSC Metcombank, the largest commercial bank of the Vologda region and one of leaders of the Russian car lending market. It is expected that the transaction, with a total cost about one the capital of bank, will be closed until the end of the third quarter 2016 after receiving necessary approvals from regulating authorities.