Friday, May 14, 2021

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Finstar Financial Group: Acquires Bank SIAB

  • Global investment firm Finstar Financial Group acquired St. Petersburg, Russia-based PJSC BANK SIAB (Bank SIAB), for an undisclosed amount
  • By taking over Bank SIAB, Finstar will be able to scale up its created IT platforms and start selling services directly to clients
  • The technical base for credit products already developed by Finstar will allow the Bank to reach a new level of quality of services provided, which will allow customers
  • Founded in 1995 and led by Galina Vanchikova, President and Chairman of the Board, Bank SIAB provides a full range of banking services for companies and individuals
  • The bank’s strategy is based on a customer-oriented business model with broad specialization
  • Led by Oleg Boyko, Founder and Chairman, International private equity firm Finstar Financial Group currently has a diversified investment portfolio in more than 30 countries

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