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.[1]

Vostochny Bank

Vostochny Bank focuses on the Siberian and Far Eastern markets,[2] and ranks among the 30 largest Russian banks by assets.[3] The private equity firm Baring Vostok owns a stake in Vostochny.[4]

In 2010 it purchased Consumer Bank, a Russian subsidiary of Banco Santander, and Morgan Stanley's City Mortgage Bank.[5] In 2015 the bank reduced its workforce by half, laying off 4,000 employees.[6] In 2016 it merged with Uniastrum Bank.[2]

References
  1. "Orient Express Bank". ebrd.com. Retrieved 29 August 2017.
  2. "Russia's Uniastrum to merge with Orient Express as banking consolidation accelerates". Intellinews. Retrieved 29 August 2017.
  3. "Banker Kim Seeks Foreign Assets". The Moscow Times. Retrieved 29 August 2017.
  4. "Foreign Investor for Orient Express Bank". The Moscow Times. Retrieved 29 August 2017.
  5. "Banco Santander sells out of Russia's Consumer Bank". RT International. Retrieved 29 August 2017.
  6. "25,000 Employees Fired From Russian Retail Banks This Year". The Moscow Times. Retrieved 29 August 2017.
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