Home Bank valuation revised again in favor of the buyer

Decline of the stock market and shares of public Sovcombank together with it allowed to revalue the acquired Home Bank as well, Kommersant sources said. As a result, Home Bank will cost Sovcombank 0.4-0.5 of its RAS capital, although the bank was originally valued almost twice as much - 0.8 of its capital. And this change in the terms of the deal may not be the last.