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"Orient Express Bank" is ready to purchase portfolios of banks leaving the Far East

KB "Vostochny" (Orient Express Bank) is ready to purchase loan portfolios of banks that are curtailing their presence in the Far Eastern Federal District. This was stated in Khabarovsk by the chairman of the board of the bank Alexei Korovin, writes Kommersant.

Korovin explained that Vostochny is most interested in buying loan portfolios. “We are evaluating about three to five such portfolios. For the most part, these are low margins and large delays, so we want to buy at a discount, now we are discussing its level with potential sellers, ”the chairman of the board said. He also noted that Vostochny is ready to buy card portfolios as well, but the acquisition technology itself is complicated. The bank does not exclude the purchase of mortgage portfolios if they are sold at a discount.

Korovin did not name the alleged sellers, but he noted that Vostochny is considering offers in the big cities: Vladivostok, Irkutsk, Khabarovsk, Blagoveshchensk.

About leaving from the Far Eastern market, while publicly announced only Raiffeisenbank, whose Far Eastern portfolio was acquired by the Asian-Pacific Bank. On April 13, the Central Bank revoked the license of the OJSC "Pacific Vneshtorgbank" (Yuzhno-Sakhalinsk). 17 April, it was announced that Sberbank and the Asia-Pacific Bank will be engaged in settlements with investors of the Pacific Vneshtorgbank.

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