Royal Credit Bank

History

2024: Founder of Novabev Group Mechetin sold Royal Credit Bank

In mid-April 2024, it became known that Alexander Mechetin, the founder of the Novabev Group company (one of the largest alcohol producers in Russia), sold the Far Eastern Royal Credit Bank. In addition, the chairman of the board of the bank Victoria Ivanova and the chairman of the board of directors of Novabev Group Nikolai Belokopytov left the shareholders of the credit organization.

According to the Kommersant newspaper, Mechetin became a member of the shareholders of Royal Credit Bank in 2011, receiving a share of more than 50%. Just before the sale, he owned 87.5% of the bank's capital. Together Mechetin, Ivanova and Belokopytov owned 95.9% of the shares of the credit institution. These persons, as emphasized, have completely withdrawn from the bank's capital.

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Bloomberg

According to Mechetin, the deal amounted to approximately 1 billion rubles. The buyers were private investors - individuals. Their names, as well as the terms of the agreement, were not disclosed at the time of the transaction. Mechetin resigned from the board of directors immediately after the closure of the sale of the bank. The representative of the businessman, as Kommersant emphasizes, did not answer questions about the reasons for the sale of the bank, as well as about who exactly initiated the transaction.

Royal Credit Bank is registered in Vladivostok. The organization's website says that it operates as a universal bank, serving individuals and legal entities. The list of services includes lending, settlement and cash services, money transfer services, transactions with currency and securities, issue and maintenance of plastic cards, etc. According to the Fedresurs website, the amount of the bank's capital as of the beginning of April 2024 was 964 million rubles.^[1]

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