Acquisition of a 1.43% stake in the Credit Bank of Moscow
In line with legislation, ICT Holding (ICTH) has informed the regulator and the Credit Bank of Moscow (CBM) of its acquisition of a 1.43% stake in CBM during the Bank’s IPO on the Moscow Exchange on June 30, 2015.
Credit Bank of Moscow was founded in 1992 and is now ranked among top five privately-owned banks in Russia by total assets.
CBM’s shareholders include the European Bank for Reconstruction and Development (EBRD), International Finance Corporation (IFC) and RBOF Holding Company, owned by the IFC Russian Bank Capitalization Fund.
The Bank’s free float currently stands at 18.8%.