We would like to inform you that the deal between OAO MDM Bank and Mr.Igor Kim on the purchase of 100% share Capital of the Bank is completed.
On 26th of January, 2012 the supervisor of Latvian banks, the Financial and Capital Market Commission gave a consent for Mr.Igor Kim to become the sole shareholder of the Bank.
On 9th of February, 2012 respective changes have been made in the register of shareholders of the Bank.
Changes in the bank’s shareholders structure open new opportunities for creating new business relationship:
- Expanding the range of services through the development of "Private Banking", structuring and maintenance of merger and acquisition transactions (Corporate Finances) both in Latvia and abroad;
- Introduction of a new, modern, convenient and reliable Internet Bank;
- Considering the interests and business direction of the new shareholder and the network of international banks owned by him, we will help our customers- residents of Latvia to find new business partners and development tools for export to the CIS and Europe countries.
The bank will keep the basic risk policy - the conservative-moderate level of risk, balanced management of assets and liabilities, providing a high level of capitalization and liquidity. The Bank allocates raised funds in highly liquid assets - short-term deposits in credit institutions with high credit ratings, while bearing in mind the principle of risk diversification.
The Bank will continue successful business cooperation with corporate customers from CIS countries and Europe.
The main objectives of AS Expobank still are - activities in the plan of strategy development, which includes package of financial services by using best standards of the leading European banks, the knowledge of the market and individual approach to each customer.
AS Expobank thanks to each customer for long term co-operation and effectiveness of business relationship. The Bank will continue looking for solutions focused on most favourable conditions for establishing and maintaining business cooperation considering interests of the customers and capabilities of the Bank.
AS Expobank is still your reliable financial partner!