History
Founded in 1993 under the name of AKB Nezavisimost (Independence), the legal status of the bank has evolved several times (1994: TOO, 1996: ZAO).
In September 1998, Interros holding company bought the bank and renamed it to Joint Commercial Bank (JCB) "Rosbank". In 1999 the bank's legal status changed to Open Joint Stock Company (OJSC).
In 2003 Rosbank acquired “OVK” banking group, having considerably enlarged the bank network. The cost of deal was USD 200 mln.
In 2006 Societe Generale acquired 20% of Rosbank with an option to purchase an additional package of 30% +2 shares for USD 1.7 bln till the end of 2008. This option was exercised in February 2008.
Read more about this topic: Rosbank
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