Purchasing stocks / shares of a credit organisation

1.

On request of the buyer WG provides general information on banks, estimated to meet this request. The information does not make it possible to identify any particular bank so that information on its sale does not damnify this bank.

1 day

 

2.

The buyer familiarises himself with the chosen bank and its basic documents.

1 day

1

3.

The buyer and the seller conclude a preliminary agreement on the bank's checkup, obligation of the seller not to enter into negotiations with other buyers, security for performance of the obligations etc.

1-2 weeks

2

4.

Audit and due diligence of a bank

2-6 weeks

3

5.

Taking a decision to buy a bank or cancelling the purchase

1-4 days

4

6.

Working out a plan of purchasing shares/stocks of a bank or its founders

3-10 days

5

7.

Drawing up, approval and signing of a general contract of sale and purchase of shares/stocks of a bank (procedure and sequence of transactions, their verification, quantity of transactions, procedure of approvals by authorities, payment schemes, security for performance of obligations)

2-5 weeks

5

8.

Preparation of a set of documents for approval of candidacies of Chairman of the Board and Chief Accountant of a bank

1-3 weeks

5

9.

Selection and preparation of the companies-founders in compliance with requirements of the Central Bank

1-3 months

1 or 5

10.

Preparation of a set of documents for approval by / notification to the Federal Antimonopoly Service on transactions of purchasing shares/stocks of a bank or its founders

4 days

9

11.

Approval by / notification to the Federal Antimonopoly Service on transactions of purchasing shares/stocks of a bank or its founders

3-8 weeks

10

12.

Preparation of a set of documents for approval by / notification to the Russian Central Bank on transactions of purchasing shares/stocks of a bank or its founders

4 days

9

13.

Approval by / notification to the Russian Central Bank on transactions of purchasing shares/stocks of a bank or its founders

3-8 weeks

13

14.

Drawing up of contracts of sale and purchase of shares/stocks of a bank or its founders.

2 weeks

9

15.

Approval of the contracts

2-4 weeks

14

16.

Preparation of a set of documents for registration with the Russian Central Bank of the changes in the basic instruments of a bank

3-5 days

15

17.

Preparation of a set of documents for registration with the local tax authority of the changes in the basic instruments of a bank

1-2 days

15

18.

Arrangement of the procedure of signing the sets of documents by all signatories - representatives of the Seller

2-20 days

8, 18, 17

19.

Signing of the contracts and the sets of documents

1 day

18

20.

Making payments

1-5 days

19

21.

Registration with the Russian Central Bank of the changes in the basic instruments of a bank

3-6 weeks

20

22.

Registration with the local tax authority of the changes in the basic instruments of a bank

6 days

20

23.

Approval of candidacies of Chairman of the Board and Chief Accountant of a bank by the Russian Central Bank

2-6 weeks

20

24.

Settlement of payments

1-5 days

21, 22

25.

Receipt of the documents and accessories of a bank

1 day

24

26.

Receipt of the documents and accessories of the companies-founders

1-10 days

24

27.

Signing orders in the Russian Central Bank on appointment of Chairman of the Board and Chief Accountant of a bank

1 day

23, 24

28.

Transfer of primary accounting and other documents of a bank

2-15 days

25

29.

Transfer of primary accounting and other documents of the companies-founders

2-30 days

26

30.

Transfer of the property of a bank

1-30 days

25