NewsWeb writes that SpareBank 1 Nord-Norge is negotiating with OAO Bank Tavrichesky, St. Petersburg, on an agreement for the acquisition of all shares in Agrokredbank from current owners.
Upon takeover the bank will have disposed of its existing portfolio, but will retain full licensing for banking operations in Russia. Agrokredbank will be restructured and form the basis of a new bank in northwest Russia with its main operations in Murmansk and a registration address in St Petersburg. The agreement is dependent on licensing from Russian authorities.
SpareBank 1 Nord-Norge is negotiating with OAO Bank Tavrichesky, St. Petersburg, on an agreement for the acquisition of all shares in Agrokredbank from current owners.
Yesterday, BarentsObserver reported that Sparebank 1 Nord-Norge presents its best quarterly result ever.
The Northern Norwegian base bank presents a pre-tax operation result of NOK 671 million (EUR 75 million) per third quarter 2009, the bank wrote in a marked statement.
