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Weekly Lists
May 25, 2018 www.intellinews.com I Page 24
bne:Banker Emirates NDB acquires
Turkish Denizbank from Russian Sberbank for $3.2bn
Macedonian parliament elects new central bank governor
Russia's largest bank Sberbank announced on May 22 that Dubai's Emirates NBD has agreed to buy Turkish Denizbank for $3.2bn, making the deal Turkey’s biggest banking takeover since 2012.
Sberbank originally acquired Denizbank for $3.5bn in 2012. "The news is quite negative for Sberbank, because earlier there was mass media speculation that the deal would be concluded at a price of over $5bn," Aton Equity commented on May 22.
With the extra proceeds from the Denizbank deal, Sberbank "would likely have been able to raise its dividends for 2018," Aton said. Nevertheless, the deal will still improve Sberbank's capital ratios and ROE, but the bank's stock is expected by analysts to be under short-term pressure.
The Macedonian parliament on May 21 elected Anita Angelovska- Bezoska as the new central bank governor to replace Dimitar Bogov.
She was elected on the day the seven-year mandate of her predeces- sor Bogov expired. Bezoska, who served previously for eight years as deputy governor, will be the first woman governor in Macedonia.
Bezoska was elected with 81 votes in favour and none against, news agency MIA reported.
She was proposed for the central bank's top position by President Gjorge Ivanov after his original nominee Bogov withdrew his candidacy.
She will be the fifth governor of the National Bank of Macedonia following Bogov, Petar Gosev, Ljube Trpevski and Borko Stanoevski.
The Central Bank of Russia (CBR) will inject an extra RUB18bn ($293mn) in capital into three private pension funds previously owned by bailed Financial Corporation Otkritie, Reuters said on May 21 citing unnamed sources.
Previously at the beginning of the year the regulator said that three non-state pension funds (NPF) of Otkritie will be consolidated and controlled by the CBR's Strategic Bank Consolidation Fund. Other private players on the pension fund market were alarmed by the arrival of a major state-controlled player.
The CBR has already channelled RUB42bn into three NPFs, Lukoil- Garant, NPF Elektroenergetiki and NPF RGS.
Russia's CBR to inject extra $0.3bn in pension funds of bailed Otkritie bank