Moscovskiy Oblastnoy Bank has launched its reorganization via the takeover of Respublikansky Bank, the PR department of the Central Bank of the Russian Federation said in a statement.

Moscovskiy Oblastnoy Bank (Mosoblbank) was established in 1992. Currently, the bank aggressively rolls out retail business via its wide sales network that extends far beyond the Moscow region. The bank’s owners are well-known businessman and patron Andje Malchevsky (41.63%), Victor Yanin (19.9%), Yulia Zedina (19.09%) and Vasily Dmitriev (19.38%). Based on Banki.ru data, as of April 1, 2011 the lender’s net assets stood at Rub 20.03 bln (137th in Russia), capital (calculated in line with CBR requirements) totaled Rub 1.95 bln, the credit portfolio amounted to Rub 12.77 bln and obligations to households equaled Rub 14.37 bln.

Respublikansky Bank was registered in 1995. Currently the bank’s shareholding structure looks as follows: Mosoblbank president Alexander Malchevsky (19.5%), Yulia Zedina (19.5%), management board chairman of Republican Financial Corporation Victor Yanin (15.0%), Nikolay Vertebny (15%), Olga Lutsay (13%), Sergey Vlasov (13%) and Anna Maleeva (5%). The position of the bank’s board chairman is held by former Duma Speaker and Mosoblbank board chairman Gennady Seleznev. As of April 1, 2011 the lender’s net assets totaled Rub 2.18 bln (504th in Russia), capital (calculated in line with CBR requirements) stood at Rub 540 mln, the credit portfolio amounted to Rub 570 mln and obligations to households equaled Rub 750 mln.