The Khotimsky brothers bank will include the Russian-Chinese investment fund

About the planned IPO Sovkombank its owners do not remember.
08.06.2018
RBC
Origin source
The Russian-Chinese Investment Fund (RCIF) will enter the capital of Sovcombank, a source familiar with the upcoming deal told RBC. This is also reported by the source of Interfax, who is familiar with the program of President Vladimir Putin's visit to Beijing (the deal will be announced during the visit). The source of RBC did not disclose the amount of investments.

On June 7, Director General of the Russian Direct Investment Fund (one of the co-founders of the RCIF, the second - the China Investment Corporation, CIC), Kirill Dmitriev announced that the RCIF will announce an investment in one of the Russian banks.

Dmitriev pointed out that "quality banks need capital", and also said that investors are hoping for an early public placement of the bank.

Sovcombank, according to the results of the first quarter, ranks 14th in terms of assets among Russian banks. This is the fourth indicator among private banks after Alfa-Bank, Moscow Credit Bank and Bank Rossiya. 100% of Sovcombank belong to the Netherlands "Sovko Capital Partners En Wi", the largest beneficiaries of which are the brothers Sergei and Dmitry Hotimskie (shares 6.22 and 27.23% respectively). In April, Sovcombank closed the deal to acquire RosEvroBank. The bank's net profit under IFRS in 2017 was 29.6 billion rubles. In 2016, Sergey Khotimsky spoke about plans to conduct an IPO on the Moscow Stock Exchange, placing 25% of the bank's shares on the market. "For us, an IPO is a very important goal. This is an element of hygiene: the right bank should be public, "he stressed.