Sovcombank plans to buy Home Bank. The organizations agreed to merge companies on the Sovcombank platform. The deal is expected to be completed by the end of 2024.

Sovcombank plans to buy Home Bank

Sovcombank agreed with Home Bank to merge companies on the Sovcombank platform. This is stated in a message from Sovcombank on the website of the corporate information disclosure center.

“The valuation of Home Bank for the purposes of the transaction amounted to 80% of the bank’s capital (excluding perpetual bonds and dividends for 2023),” the message states.

The transaction is expected to close before the end of 2024, subject to regulatory and agency approvals.


Kirill Bilyk

Source: RB

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