UNEXIM Bank
#1
Joint-stock bank in Russia according to Euromoney magazine (United Kingdom)
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MFK
1st plastic card
with MFK logo introduced at the Russian market
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Soglasie
contribution to the development of standards and regulations of vehicle insurance
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Norilsk Nickel
51% stake
placed under MFK-UNEXIM Group management
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Interros-Dostoinstvo
licence for supplementary pension provision from the Non-State Pension Funds Inspectorate
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IR Leasing
$1 mln
minimum value of a leasing contract
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SIDANKO
51% stake
obtained by MFK-UNEXIM Group
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NLMK
~15% shares
acquired by UNEXIM-MFK Group
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North-Western Shipping Company
~26% shares
transferred under management of MFK bank
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President Yeltsin signs a decree mandating loans-for-shares auctions. The idea to hold the auctions was first put forward by a group of bankers, among them Vladimir Potanin. At the auctions, Interros Group companies obtain shares of RAO Norilsk Nickel, Sidanko oil company, NLMK and North-Western Shipping company. Russia now has a critical mass of private property.