Latvian Signet Bank and investors from USA own Expobank CZ

Published: 11.03.2022 Related countries:  Czech Republic Czech Republic, Latvia Latvia

Expobank CZ has Latvian and American owners.

A consortium consisting of Latvia's Signet Bank AS and US investors acquired 100% of Expobank CZ. The transaction is subject to the approval of the Czech National Bank (ČNB). Once the ČNB approves the transaction and it is completed, Expobank will cease to have Russian shareholders. The company expects further development and growth from the change of ownership. Expobank's shareholders have been discussing the transaction with the consortium since 2021.

Source: ČIA NEWS, March 11th, 2022, www.cianews.cz/en
Compiled by the team of CzechTrade office in Latvia.