“Credit Europe Bank” received permission to buy out “Ikano Bank”
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Russian President Vladimir Putin signed a decree that gives Credit Europe Bank the right to acquire 100% of the shares of Ikano Bank.
“To allow the joint-stock company “Credit Europe Bank (Russia)” to conclude a transaction to acquire 100 percent of the shares in the authorized capital of the limited liability company “Ikano Bank” owned by “CYRUS Holding B.V..” (CIRUS Holding B.V.)”, – says at the disposal of the head of state.
In June 2022, Kommersant, citing sources, reported that Ikano Bank would be sold to the Russian Credit Europe Bank (KEB). Ikano Bank was founded in 2013, half of its shares are owned by the Swedish IKEA, the other half by Credit Europe Bank. Its main task is to lend to consumers in IKEA stores and the Mega shopping center. At the same time, the bank announced the termination of its cards in October 2022.
At the end of October 2022, Putin approved a list of 45 banks in respect of which transactions with their shares or shares in the authorized capital are prohibited without special permission. The list includes Raiffeisenbank, Unicredit Bank,Deutsche bank”, Commerzbank, Citibank, OTP Bank, Intesa Bank, as well as banks of leaders in the IT and e-commerce sectors (“Yandex”, VK, Ozon).
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