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Gazprombank examines options for Swiss unit

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Reuters UK

By Oliver Hirt ZURICH (Reuters) – Russia’s Gazprombank has decided to explore strategic options for its Swiss unit Gazprombank (Switzerland) Ltd, the Zurich-based institution said on Friday. These options include a possible sale of all or parts of the company. “The Bank currently expects to conclude the strategic review process – including finding an investor if such option is pursued – by the end of the third quarter of 2022,” a statement said. Gazprombank Switzerland, which employs about 80 people, is mainly active in trade and export financing, including helping Swiss industrial groups fina…

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