Rusfinance and DeltaCredit have become 100% subsidiares of Rosbank
Yesterday, January 17th, Rosbank purchased 100% of Rusfinance and DeltaCredit from its major shareholder Societe Generale Group. This is an important step of Société Générale’s Russian Assets Transformation and Consolidation Program announced in February 2010. The Program aims to take full advantage revenue synergies between business lines and strengthen operational efficiency. The process will be completed by the merge of BSGV and Rosbank in one universal financial institution by the middle of 2011.