Crisis effects in Russia: Gazprom buys Sobinbank

Gazenergoprombank, the financial division of the Russian natural gas giant, Gazprom, one of the Top 50 banks in Russia. The agreement was signed in the presence of Central Bank officials, the institution supporting the transaction. The parties involved made no public mentions about the details of the agreement.

The Central Bank asked for support for Sobinbank because of the large amount of opened accounts: 40% of the business is represented by operations with natural persons.