Signet Bank Acquires ExpoBank

Following obtaining of the Financial and Capital Market Commission and the European Central Bank approval, a transaction was completed under which the former sole shareholder of AS Expobank Igor Kim sold all his shares to Signet Bank AS.

Following completion of the transaction both banks will merge later in 2022. The merged bank will continue to operate under the Signet Bank brand and implement the current strategy of Signet Bank – servicing Latvian entrepreneurs and their companies with an emphasis on financing and investment management solutions.