Russian, Japanese Funds Agree to Invest in Two Russian Banks

Bloomberg, 22.01.2019

By Vladimir Kuznetsov

(Bloomberg) -- Russian and Japanese investment funds agreed investments in two Russian lenders, Russian Direct Investment Fund (RDIF) says by email.

* Consortium of investors, including RDIF, Russia-JapanInvestment Fund (RJIF), and a number of sovereign wealth funds from the Middle East, agreed on the second round of investments in Sovcombank, one of the largest private lenders in Russia

** The first round of investments ($106m) into Sovcombank, conducted in 2018, included participation of Russia-China Investment Fund (RCIF), six Middle Eastern funds and Japan’s corporation SBI Holdings

* RDIF and RJIF also agreed to invest in SBI Holdings’ Russian unit

* Sums of investments are not disclosed