OREANDA-NEWS. March 21, 2011. As JSC “UkrSibbank” reports, the SCM Group completed the acquisition of 100% of Renaissance Capital Bank (operating under Renaissance Credit brand) from Renaissance Credit Group. JSC "UkrSibbank" was involved into the deal as a broker and tax adviser, while First Ukrainian International Bank (FUIB) and Renaissance Advisory Services Limited (part of Renaissance Group) were the financial advisors in the transaction (consulting and structuring), reported the press-centre of UkrSibbank.

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JSC “UkrSibbank” (www.ukrsibbank.com) was registered on June 18, 1990. The Bank has a full NBU license on banking No. 75 dated December 28, 2009. As of 01.02.2011: net assets – UAH 44,52 bln., capital – UAH 4.78 bln., loan and investment portfolio – UAH 34.07 bln., corporate customers’ funds – UAH 8.91 bln., individuals’ funds – UAH 12.65 bln. Regional network currently numbers to above 700 branches throughout Ukraine, the ATM network – 1631 units - is #3 in the country. 99.99% of shares of JSC “UkrSibbank” are held by BNP Paribas Group. The Bank is audited by International Company LLC AF “PriceWaterhouseCoopers” (Audit) and audit firm LLC “AF “South Star”.

BNP Paribas (www.bnpparibas.com) is one of the six strongest banks in the world* and the largest bank in the eurozone by deposits. With a presence in more than 80 countries and more than 200,000 employees, including 160,000 in Europe, BNP Paribas is a leading European provider of financial services on a worldwide scale. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Retail Banking, the Group has four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas is rolling out its integrated model across the Europe-Mediterranean zone and boasts a large network in the United States. BNP Paribas Personal Finance is the leader in consumer lending in Europe. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe and solid and fast-growing businesses in Asia.
* Rated AA by Standard & Poor's i.e. 3rd rating level on a scale of 22.

Renaissance Capital - is a leading investment bank focused on the emerging markets of Russia, Eastern Europe, Central Asia and Africa. The Firm also offers its clients access to these markets through financial centers such as London, New York and Hong Kong. Renaissance Capital has market-leading positions in each of its core businesses – M&A, equity and debt capital markets, securities sales and trading, research, and derivatives. The Firm is building market-leading practices across emerging markets globally in metals and mining, oil and gas, and agriculture. Renaissance Capital is part of the Renaissance Group.

Renaissance Group (www.renaissancegroup.com) is an independent group pulling investment and banking companies, as well as companies specialized in assets management, direct investments and consumer finance and operating in highly promising and rapidly evolving markets.

Renaissance Group also comprises CB “Renaissance Capital” in Russia and Renaissance Capital Bank in Ukraine.

SCM is a professional investor that owns and controls assets in mining and metals, power generation and distribution, telecommunications, banking, insurance, media, as well as in retail and real estate.

The SCM Group includes Metinvest Holding, DTEK, Vega telecommunications group, Segodnya Multimedia, TRK Ukraina, ESTA Holding, Ukrainskiy Retail, Mining Machines Group and others. SCM is 100% owned by Ukrainian businessman Rinat Akhmetov.