How to buy a bank
Video: I Just Bought A Bank 2024, July
If you need full control over the finances of your business, then buying a bank will allow you to get it. Buying a bank is more profitable than creating, because you are buying a ready-made, streamlined mechanism and do not face the difficulties of creating a bank. When buying a bank, you need to pay attention to checking its documents and register it correctly.
You will need
It is necessary to find or acquire the Federal Law "On Banks and Banking Activities" dated 02.12.1990.
Instruction manual
1
Now, unlike the 1990s, a bank is easier to buy than to create: creating a bank can cost several times more and turn out to be many times more troublesome than buying it. The creation of a bank is only possible for those who have at least 180 million rubles: this is now the minimum authorized capital of the bank.
2
The first step to buying a bank is to search for a bank. First, the buyer needs to formulate a goal for which he wants to acquire a bank. Then - to negotiate with several sellers of banks, find out details and prices. Negotiations with bank sellers help to clearly understand your purchase goal, perhaps see other goals and opportunities and correctly formulate requirements for the bank. Do not rush to choose a bank to buy.
3
The most important stage when buying a bank is a legal review of its documents (due diligence). Such verification is usually entrusted to law firms with a good reputation. Verification of bank documents plays a key role, so it is important to choose a reputable law firm for such verification, even if its services are expensive. You should also contact the auditors in order to check the financial condition of the bank and its financial statements.
4
The most common way to acquire a bank is to buy its shares. The size of the bank's share should not exceed 20%. Otherwise, you will need permission from the Bank of Russia. If you do not receive such permission, the transaction will be declared illegal. If you acquire 20% of the bank or less, then within 30 days after the purchase you must notify the Bank of Russia of the transaction. The purchase of a bank with assets exceeding 4 billion rubles must be registered with the Federal Antimonopoly Service.
5
In some cases, you can buy shares owned by shareholders of the bank, which will simplify the registration procedure: it can be completed in just one month, since you just have to register a new management of the bank. Usually, bank registration takes up to six months.
