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24 June, Saturday

Ufa   °

Central Bank decided on Sotsinvestbank rehabilitation

Business

UFA, 14 August 2015. /Bashinform News Agency, Arthur Basyrov/.

The Central Bank decided on Sotsinvestbank rehabilitation, it is said in an official statement of the regulator. It approved the changes in the participation plan of Deposit Insurance Agency to prevent the bankruptcy of the bank.

"The Russian Capital Bank is involved at the initial stage of measures implementation for financial recovery of the bank, which is provided funds to maintain the of PJSC "Sotsinvestbank" liquidity in an amount sufficient to ensure smooth operation and timely settlements with creditors", the Central Bank  informed.

The Deposit Insurance Agency will carry out competitive selection of an investor who will offer the most optimal conditions for financial recovery of PJSC "Sotsinvestbank."

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