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Gazprombank OAO Transfers 43% of Credit Ural Bank to Another Subsidiary-Interfax


Thursday, 1 Aug 2013 05:26am EDT 

Interfax reported that Gazprombank OAO has slashed its stake in Credit Ural Bank from 100% to 57.3%, the Bank reported. This was an intragroup transaction carried out in order to optimize the shareholder capital structure at Credit Ural Bank, Gazprombank OAO's press service told Interfax. The Bank isn't planning to withdraw from Credit Ural Bank's capital, the press service spokesman said. Another Gazprombank OAO's subsidiary, New Financial Technologies, or NovFinTech, which is 99.99% owned by Gazprombank OAO, has acquired 42.7% of Credit Ural Bank's shares. 

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