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Dentons Advises Finstar Financial CEO on Acquisition of SIAB Bank

Dentons Advises Finstar Financial CEO on Acquisition of SIAB Bank

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Dentons has assisted Oleg Boyko, the founder and Chairman of the Board of Directors of Finstar Financial Group, on Finstar's acquisition of a 99.56% share of St. Petersburg's SIAB Bank PJSC. 

Dentons describes Finstar Financial Group as "a diversified international investment group founded in 1996 by a group of investors led by Oleg Boyko." According to the firm, "its assets are valued at approximately USD 2 billion and include investments in the fintech sector, digital services, online lending and retail. Finstar has an investment footprint in more than 30 countries around the world, including the CIS, Europe and Asia."

According to Dentons, SIAB Bank, which was founded in 1995, "provides the full range of banking services for companies and individuals in St. Petersburg and the Leningrad Region. The bank actively cooperates with the Fund for Assistance in Lending to Small and Medium-Sized Businesses and the Agency for the Support of Small and Medium Enterprises."

Dentons' team in Moscow was led by Partner Konstantin Kroll and included Associates Marina Smirnova, Irina Volkova, Boris Belkin, Oksana Kravchenko, and Arina Karsonova.

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