KMB, Russia's 113th biggest bank by shareholder capital, provides loans to small and mid-sized companies such as Small Siberian Squirrel, an ice-cream company in Omsk with annual profits around $4 million. Yet KMB recently found itself at the center of a bidding war between some of Europe's biggest financial institutions. When KMB's shareholders, which include the Soros Development Fund, declared earlier this year they wanted to sell, foreign banks fell over themselves to bid. Interested parties included Deutsche Bank, BNP Paribas, and Intesa — which won with a $90 million bid for a 75 percent stake, valuing KMB at $120 million or four times book value. Just a few months earlier Delta Capital, a private equity fund, sold Delta Bank, Russia's 320th biggest with assets of around $50 million. GE Capital paid $100 million, valuing the bank at 4.3 times book value and 1.9 times asset value.
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机译：按股东资本计算，俄罗斯第九大银行九巴为中小型企业提供贷款，例如鄂木斯克的一家冰淇淋公司小西伯利亚松鼠，年利润约为400万美元。然而，九巴最近发现自己处于欧洲一些最大的金融机构之间的竞标战的中心。当包括索罗斯发展基金（Soros Development Fund）在内的九巴股东于今年早些时候宣布要出售股票时，外资银行竞相竞价。感兴趣的各方包括德意志银行，法国巴黎银行和Intesa，后者以9000万美元的价格竞标，获得了75％的股份，使KMB的估值为1.2亿美元或账面价值的四倍。就在几个月前，私人股本基金三角洲资本（Delta Capital）出售了资产规模达5,000万美元的俄罗斯第320大三角洲银行（Delta Bank）。 GE Capital支付了1亿美元，对银行的估值为账面价值的4.3倍和资产价值的1.9倍。
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