OREANDA-NEWS. September 15, 2008. All procedures relating to the 100% acquisition of KB Expobank LLC by the Barclays Bank PLC have now been completed. On 1 July 2008, KB Expobank LLC officially became a subsidiary of the Barclays Bank PLC in Russia, reported the press-centre of Expobank.

Expobank is currently in the process of integration into the Barclays and is working its way through the re-naming procedures in all the relevant Government agencies.

This process consists of several stages, each of which is very important and needs to be as transparent as possible for clients. Nevertheless, we must accept that there are certain legal restrictions on the disclosure of such information by the Bank in open sources. We shall make every effort to provide our clients with as much information as possible at all times.

We are planning to create a dedicated page on the website to keep you updated on all the integration news and to answer any questions you may have. Our primary focus will be on changes to client servicing by the Bank and to the products on offer.

You can always call our Information Centre with any questions on + 7 495 231 1111, or contact us via the Bank’s website.

Regards
S.M.Radchenkov
Chairman of the Management Board
KB Expobank LLC