OREANDA-NEWS. January 14, 2009. Officials of the OJSC “RODOVID BANK” and “ISTIL” Group announce the start of negotiations regarding the sale of 51% of shares of “RB Capital Group” LLC as well as the beginning of the new stage of partnership between the parties. “RB Capital Group” LLC is the biggest share holder of the OJSC “RODOVID BANK”, owning 76,8% of its shares as of 1 December 2008. The parties plan to conclude the negotiations and sign all necessary documents by 17 February 2009.

“ISTIL” Group together with existing shareholders and members of the Management Board of RODOVID BANK intends to develop the Bank as a financial institution focusing its activities on rendering of comprehensive bank services to both Ukrainian and foreign legal entities and individuals.

It is estimated that in 2009 the amount of direct investment to RODOVID BANK will exceed 100 million US Dollars. It is planned to expand the chain of the Bank’s branches, to develop alternative channels of sales (Internet, ATMs, information kiosks and contact centre), and to increase the number of corporate and individual clients