MTS Bank acquires 99.9% stake in Exi Bank

MOSCOW. Jan 22 (Interfax) - MTS Bank has signed a deal to acquire 99.9% of shares in Exi Bank, it said in a statement.

The integration of the two banks marks a further step in the implementation of MTS Bank's development strategy for its daily banking business, the press release says.

"The future merging of the two banks will be the next step in the implementation of the development strategy for the daily banking business and in expanding the presence of our financial services in MTS client scenarios. Closer interaction will allow for management decisions to be made more quickly, operating costs to be optimized and the client base to be consolidated within a singular IT infrastructure. This will expand cross-selling possibilities and increase the number of financial products per user," the press release reads.

The acquisition of Exi Bank will be practically neutral in terms of its impact on MTS Bank's H1.0 capital adequacy, which it is expected to change by no more than -0.1 percentage points over 2026.