Expobank JSC is a Russian commercial bank headquartered in Moscow. It was founded in 1994 and is a subsidiary of Expobank LLC, which is registered in Cyprus. The bank offers a range of financial services, including corporate and retail banking, investment banking, and asset management.
The bank provides banking services to large corporate, Small and medium-sized enterprises (SMEs), car lending and retail customers. The bank also implements Mergers and acquisitions (M&A) deals and provides advisory support services for complex structured transactions.
Along with other Russian banks, Expobank was sanctioned by the U.S. Department of the Treasury Office of Foreign Assets Control in December 2023 due to the Russian invasion of Ukraine.
History
Expobank was founded in 1994. In 2008, the bank was acquired by UK based Barclays Group and renamed to Barclays Bank LLC.[1]
In 2011, the bank was acquired from Barclays by investors including Igor Kim. The acquisition of Expobank was recognized as the Deal of the Year 2011 in the M&A market.[2]