J&T BANKA sells its assets in Russia and is definitively leaving the market there

J&T BANKA has completed the sale of its subsidiary J&T BANK AO to the Russian holding Bjurokrat and is definitively exiting the Russian market. 

The process, which took more than a year and required compliance with legal regulations in both Russia and the European Union, has been successfully concluded. The parties have agreed not to disclose details of the transaction.