LECAP acted as legal advisor on merger of Bank Kedr with B&N BANK

On 14 June 2016 PJSC "B&N Bank" ("B&N Bank") completed merger of Bank Kedr with B&N Bank. All offices of Bank Kedr have been transferred to B&N Bank’s branch network, while all its clients have been automatically transferred to B&N Bank.

Both legal merger and technological integration of Bank Kedr with B&N Bank have been successfully completed in the framework of the project. Thus, the clients of Bank Kedr now have access to the full range of products and services of B&N Bank.

LECAP team headed by Dmitry Krupyshev, managing partner, provided full legal support to B&N Bank in connection with the merger.

* One of the largest and most reliable banks in Russia, B&N Bank ranks No. 3 amongst Russian commercial banks in a recent reliability survey (according to data compiled by the National Rating Agency as of 1 April 2016 – the rating was published in Profile magazine), whilst, on a standalone basis, the Bank ranks No. 15 by assets and No. 8 by retail deposits (according to data published by the Banki.ru portal as of 1 May 2016).