Wildberries Bought Standard-Credit Bank

The CEO and main owner of the ‘Wildberries’ largest Russian online retailer, Tatiana Bakalchuk, has become the owner of 100 per cent shares in “Bank Standard-Credit” LLC, Interfax reports. 

Picture: Retail & Loyalty Magazine’s Website

It is noted that the equity capital of Standard-Credit Bank is 302.09 million rubles, the net loss is 21.79 million rubles. Previously, “Standard-Credit” was owned by banker Alexander Sinelnikov (31.9 per cent) and businessman Alexander Badimov (27 per cent). It is clarified that ‘Wildberries’ acquired the bank in order to implement card loyalty programmes based on its license and to carry out settlements with suppliers of goods. The retailer is also considering the development of online financial services for buyers and entrepreneurs.

Ru-Main, 15.02.2021

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