RUSSIA’S RETAIL BOOM means that banks offering consumer finance services are posting impressive growth. This is attracting intensifying interest from foreign suitors. Although many domestic banks are keen to bring in foreign know-how and raise their capitalization, few shareholders want to relinquish control, as further upside is expected over the next few years. The dearth of available banks means that in turn valuations have been pushed up as controlling shareholders put a premium on their holdings.
Thanks for your interest in Euromoney!
To unlock this article:
