Sorainen Belarus advised Getin Holding on its acquisition of 95.5% stake in the Belarusian Bank for Small Business (BBSB).
BBSB is a Belarus-based bank, launched in 2008 by leading international public and private financial institutions, including EBRD, IFC, Swedfund, FMO and KfW. The main focus of the Bank is to support development of small businesses in Belarus by providing a range of banking services to private entrepreneurs, micro, small and medium sized businesses.
Getin Holding is the fastest growing Polish financial group, listed at the Warsaw Stock Exchange. Getin Holding operates in the Eastern European markets, where it controls several banks and leasing companies. In Belarus Getin Holding controls Idea Bank, focusing on sale of loans to retail clients. The aim of the transaction is to expand presence of the holding in the Belarusian market of small and medium enterprise loans.
Sorainen team was led by partner Kiryl Apanasevich and senior associate Ann Laevskaya.
