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AKB Bank Moskvy OAO And Smart Group Sign Indicative Terms For Sale Of BM Bank-Interfax

Tuesday, 5 Feb 2013 03:55am EST 

Interfax reported that AKB Bank Moskvy OAO (Bank of Moscow), which is part of VTB Group, and Smart Group signed indicative terms for the sale of BM Bank (Ukraine), VTB said in a press release. Earlier Smart supervisory board chairman and majority beneficiary Mr. Vadim Novinsky said purchase of BM Bank by Smart Holding was in the process of being approved by regulatory bodies. BM Bank was established in 2005. Bank of Moscow owns 99.93% of its shares. 

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