Advertisement
UK markets close in 5 hours 23 minutes

  • FTSE 100

    7,839.13
    -37.92 (-0.48%)
     

  • FTSE 250

    19,302.98
    -147.69 (-0.76%)
     

  • AIM

    741.49
    -3.80 (-0.51%)
     

  • GBP/EUR

    1.1683
    -0.0000 (-0.00%)
     

  • GBP/USD

    1.2451
    +0.0013 (+0.10%)
     

  • Bitcoin GBP

    52,156.23
    +2,692.03 (+5.44%)
     

  • CMC Crypto 200

    1,336.30
    +23.67 (+1.84%)
     

  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     

  • DOW

    37,775.38
    +22.07 (+0.06%)
     

  • CRUDE OIL

    82.72
    -0.01 (-0.01%)
     

  • GOLD FUTURES

    2,395.90
    -2.10 (-0.09%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     

  • DAX

    17,727.70
    -109.70 (-0.62%)
     

  • CAC 40

    7,999.89
    -23.37 (-0.29%)
     
Property:

11 beautiful homes with glorious garden rooms

Investing in a home with a garden room will enable you to enjoy your outside space whatever the weather

Gazprombank examines options for Swiss unit

Oliver Hirt
·1-min read
FILE PHOTO: St. Petersburg International Economic Forum (SPIEF)

By Oliver Hirt

ZURICH (Reuters) - Russia's Gazprombank has decided to explore strategic options for its Swiss unit Gazprombank (Switzerland) Ltd, the Zurich-based institution said on Friday.

These options include a possible sale of all or parts of the company. "The Bank currently expects to conclude the strategic review process – including finding an investor if such option is pursued – by the end of the third quarter of 2022," a statement said.

Gazprombank Switzerland, which employs about 80 people, is mainly active in trade and export financing, including helping Swiss industrial groups finance exports to Eastern European countries.

ADVERTISEMENT

It also finances the extraction, transport and processing of raw materials from Russia to Western Europe for commodity traders.

(Reporting by Oliver Hirt, Writing by Michael Shields, Editing by Paul Carrel)