Investment banks for the 2016 earned 1.5 times more than in 2015
The fee for investment banking services in Russia to 2016 amounted to 347,7 million dollars, up 51% over 2015 and the highest in three years, according to estimates of Thomson Reuters and Freeman Consulting.
In this case, “VTB Capital” has retained its leading positions in Russia in fees for investment banking services for the full year of 2016, the Bank earned 82,8 million dollars (23,8% market share). The Bank China Development Bank was second, earning 55,2 million dollars with a share of 15.9%. “Sberbank CIB” took third place with $ 36.6 million, and a share of 10.4%.
In 2016 the volume of announced mergers and acquisitions involving Russian assets reached to 39.2 billion dollars. It is 77% higher than for year 2015 and is the best result in three years. The largest announced transaction for mergers and acquisitions involving Russian assets was the acquisition by RosneftROSN company Essar Oil for 12.9 billion dollars.
“Most activity in 2016, was observed in the fuel and energy sector: it was concluded 160 transactions for a total amount of 30.7 billion dollars, which accounted for 78% of all Russian target of mergers and acquisitions,” noted the study authors.
“VTB Capital” with 15 completed transactions became the leader of the ranking of mergers and acquisitions, earning of 24.9 million (43.9 per cent market share). Banca IMI (Intesa Sanpaolo) earned of 16.08 million dollars (by 28.3% market share) and took second place. Bank of America Merrill Lynch earned $ 11.5 million and became the third, having received 20.3 percent of the market.
Volume of transactions for the purchase of Russian companies by foreign companies increased by 72%, to 19.8 billion dollars, which was the best result since 2012. Volume of transactions for the purchase of Russian companies by foreign increased by 63% (16.5 billion dollars), reaching the highest level since 2007.