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ABOUT BANK
INVESTOR RELATIONS
27.12.2017

CREDIT BANK OF MOSCOW SELLS ITS LEASING SUBSIDIARY

27 December 2017 - CREDIT BANK OF MOSCOW (CBM) closed the transaction contemplating the sale of its Irish subsidiary CBM Ireland Leasing Limited, owner of 6 Boeing 737-800 aircraft portfolio with the leases attached. The company was sold to GTLK Europe DAC.

We are satisfied with this transaction closed with GTLK Europe DAC. Although the asset was attractive, it was non-core for the Bank and we considered potential sale from the very beginning, - commented CEO of CBM Vladimir Chubar.

The Bank acquired the aircraft in 2015 as part of the transaction related to the settlement of overdue debt of one of its corporate customers.


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