The American financial giant Goldman Sachs is leaving the russian market.
Balchug Capital, an investment company from Armenia, has received permission to buy the assets of the American bank in russia. This is evidenced by the decision published on the portal of legal information of the russian Federation.
Excerpt from the Russian registers
Balchug Capital (formerly Copperstone Capital) was founded in 2010 by David Amaryan. Headquartered in Yerevan, its assets are estimated at more than $250 million, according to Forbes russia.
The American company has been operating in russia since 2008.
In March 2022, the bank announced its withdrawal from the russian market due to sanctions. At that time, its loan portfolio amounted to $650 million.
This is the second withdrawal announcement from a major bank this week. On January 28, Dutch banking group ING also reached an agreement to sell its business in russia.
