SwanLake Capital advised Getin International S.A. based in Wroclaw, Poland on the sale of Idea Bank Belarus for 50M BYN to ZAO Minsk Transit Bank based in Minsk, Belarus.
Idea Bank Belarus operates in the retail business segment and focuses on offering products and services to individuals. The bank’s core products include cash loans, credit cards, deposits, current accounts and debit cards. As of 30 September 2020, Idea Bank Belarus had total assets of 492.43M BYN and total equity of 88.14M BYN.
Getin Holding Group operates in five countries providing services in the following sectors: banking, leasing, financial intermediation, accounting consultancy, financing of the public health service and local government authorities, debt trading and management, and factoring. Getin Holding’s shares have been listed on the Warsaw Stock Exchange since 2001.
In July 2020 Getin announced it decided to take steps aiming at the potential sale of all shares held in Idea Bank Belarus.
SwanLake Capital acted as sole financial adviser to Getin International S.A. including preparation and execution of a comprehensive sale process.
For more information:
SwanLake Capital Managing Partner
+375 29 6534318
SwanLake Capital CEO
+375 29 3693066