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Although the bank management has strategically decided to focus entirely on banking activities, it has also spotted that the shareholders value can be increased by investments in promising non-bank financial services and in real estate. As a consequence, the bank has set up a number of funds managed by independent Asset Management Companies (AMCs), which formulate investment and exit recommendations.
As a policy, the target IRR should be 25% plus. The target lifetime of an investment is expected to be several years.
The bank funds portfolio currently includes companies in consumer lending, risk insurance, leasing, life assurance.
All portfolio companies are run independently. However, the Bank cooperates in cross selling of products both through the bank branch network and through the branch networks of the companies. All cooperation is done on arm’s-length basis on the market conditions. This approach essentially increases value for both the Bank and its customers.











