Barclays-Bank Might Get New Name

OOO Barclays-Bank that was bought out from the British Barclays might get its older name of Expobank back, sources close to the company informed Kommersant. According to this report, the bank’s new owners have already submitted their application to register the name of Expobank to the Central Bank of the Russian Federation.

OOO Barclays-Bank is the former Moscow-based Expobank that was bought by the British group for $745m early in 2008 and sold to partners, headed by Igor Kim, in October 2011.

It was earlier reported that the new proprietors were going to launch a 25% layoff and to cut the salaries of the remaining employees by 20%.

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