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Vostochny Bank
Vostochny Bank (russian: банк Восточный; sometimes translated as Orient Express Bank) is a Russian financial company based in Blagoveshchensk, Amur Oblast. It was established in 1991. Vostochny Bank focuses on the Siberian and Far Eastern markets, and ranks among the 30 largest Russian banks by assets. The private equity firm Baring Vostok owns a stake in Vostochny. History In 2010 it purchased Consumer Bank, a Russian subsidiary of Banco Santander, and Morgan Stanley's City Mortgage Bank. In 2015 the bank reduced its workforce by half, laying off 4,000 employees. In 2016 it merged with Uniastrum Bank. After the merger, Uniastrum bank owner Artem Avetisyan acquired a 32% stake in Vostochny via his Finvision Holdings. At that time, Baring Vostok Capital Partners investment fund controlled 51.2% of Vostochny via Evision Holdings. In 2018, a dispute took place between the major shareholders. Evision Holdings didn't let Finvision Holdings execute a call option for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Amur Oblast
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial pers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Russia
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovcombank
Sovcombank (Public Joint-Stock Company "Sovcombank", Russian: Совкомбанк) is a Russian privately owned universal bank included in the list of 13 systemically important Russian banks. In terms of assets, it ranks 9th among Russian banks (1,483 billion rubles). From 1990 its initial name was Buycombank (after former headquarters town Buy in Kostroma region) before been bought and rebranded into Sovcombank and his partners in February 2003. The main owner of Sovcombank (86.5%) is the Russia-based company JSC Sovco Capital Partners, owned by private Russian shareholders, notably (as of August 2020) brothers Dmitry and Sergey Khotimsky who own together 37% of Sovco Capital Partners. Minority shareholders of Sovcombank include Public Investment Fund of Saudi Arabia (3.3%), Russia-China Investment Fund (2.0%) and Russia-Japan Investment Fund (1.3%) After operating within Netherlands and Luxembourg jurisdiction, from September 2021 the holding company of Russian shareho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michael Calvey
Michael Calvey (born October 3, 1967) is an American businessman and one of Russia’s most prominent foreign investors. His criminal conviction on accusations of embezzlement in Russia caused widespread resonance. Calvey is the co-founder of Baring Vostok, an independent private equity firm focused on investments in Russia and the Commonwealth of Independent States. In February 2019, Calvey and five colleagues were arrested on suspicion of involvement in the theft of 2.5 billion rubles from Vostochny Bank. In August 2021, after nearly two years under house arrest, Calvey was found guilty of misappropriation and given a 5.5-year suspended sentence by a Moscow court. Biography Calvey was born in 1967 in Wisconsin and grew up in Oklahoma. He has Bachelor of Business degree from the University of Oklahoma and Master of Finance degree from the London School of Economics. Calvey worked on mergers and acquisitions at Salomon Brothers and later managed the investment projects in C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Call Option
In finance, a call option, often simply labeled a "call", is a contract between the buyer and the seller of the call option to exchange a security at a set price. The buyer of the call option has the right, but not the obligation, to buy an agreed quantity of a particular commodity or financial instrument (the underlying) from the seller of the option at a certain time (the expiration date) for a certain price (the strike price). This effectively gives the owner a ''long'' position in the given asset. The seller (or "writer") is obliged to sell the commodity or financial instrument to the buyer if the buyer so decides. This effectively gives the seller a ''short'' position in the given asset. The buyer pays a fee (called a premium) for this right. The term "call" comes from the fact that the owner has the right to "call the stock away" from the seller. Price of options Option values vary with the value of the underlying instrument over time. The price of the call contract ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baring Vostok Capital Partners
Baring Vostok Capital Partners is the largest independent private equity firm focused on investments in Russia and the Commonwealth of Independent States. The Baring Vostok Private Equity Funds invest across a broad range of industries including oil and gas, consumer products, media and technology, telecommunications and financial services. The Investment Advisor of the Funds, Baring Vostok Capital Partners (Guernsey) several times since 2005 has been voted “Russian Private Equity Firm of the Year” by the readers of Private Equity International and Private Equity Online. The sub-advisor of BVCP has a branch office in Moscow with a team of 40 experienced investment professionals.Baring Vostok Wins Best Private Equity Firm In Russia . Private ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Morgan Stanley
Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the firm's clients include corporations, governments, institutions, and individuals. Morgan Stanley ranked No. 61 in the 2021 Fortune 500 list of the largest United States corporations by total revenue. The original Morgan Stanley, formed by J.P. Morgan & Co. partners Henry Sturgis Morgan (a grandson of J.P. Morgan), Harold Stanley, and others, came into existence on September 16, 1935, in response to the Glass–Steagall Act, which required the splitting of American commercial and investment banking businesses. In its first year, the company operated with a 24% market share (US$1.1 billion) in public offerings and private placements. The current Morgan Stanley is the result of the merger of the original Morgan Stanley with Dean Wi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blagoveshchensk
Blagoveshchensk ( rus, Благове́щенск, p=bləgɐˈvʲeɕːɪnsk, meaning ''City of the Annunciation'') is a city and the administrative center of Amur Oblast, Russia. It is located at the confluence of the Amur and the Zeya Rivers, opposite to the Chinese city of Heihe. Population: The Amur has formed Russia's border with China since the 1858 Aigun Treaty and the 1860 Treaty of Peking. The area north of the Amur belonged to the Manchu Qing dynasty by the Treaty of Nerchinsk of 1689 until it was ceded to Russia by the Aigun Treaty in 1858. History Early history of the region The early residents of both sides of the Amur in the region of today's Blagoveshchensk were the Daurs and Duchers. An early settlement in the area of today's Blagoveshchensk was the Ducher town whose name was reported by the Russian explorer Yerofey Khabarov as Aytyun in 1652, as Aigun from 1683 to 1685, and as Aigun Old Town from 1685 until the massacre in 1900, which known to Russian ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banco Santander
Banco Santander, S.A., doing business as Santander Group (, , Spanish: ), is a Spanish multinational financial services company based in Madrid and Santander in Spain. Additionally, Santander maintains a presence in all global financial centres as the 16th-largest banking institution in the world. Although known for its European banking operations, it has extended operations across North and South America, and more recently in continental Asia. It is considered a systemically important bank by Financial Stability Board. Many subsidiaries, such as Abbey National, have been rebranded under the Santander name. The company is a component of the Euro Stoxx 50 stock market index. In May 2016, Santander was ranked as 37th in the Forbes Global 2000 list of the world's biggest public companies. Santander is Spain's largest bank. Banco Santander is chaired by Ana Patricia Botín-Sanz de Sautuola O'Shea, daughter and granddaughter of former chairmen Emilio Botin-Sanz de Sautuo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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