SCM obtains 100% in Renaissance Capital Ukraine Bank.

By bne IntelliNews March 14, 2011
The SCM group (System Capital Management) has obtained the 100% stake in Kyiv-based Renaissance Capital Ukraine bank. Financial advisers were the First Ukrainian International Bank and Renaissance Capital investment company, Russia. As of Jan 1, 2011, the assets of Renaissance Capital Ukraine amounted to UAH 531.4mn, credits and clients' liabilities stood at UAH 306.2mn and shareholders' equity totaled UAH 212.6mn. The bank posted UAH 170,000 net profit for 2010. In 2010 the financial institution received UAH 170,000 of net profit.

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