Press Service

The Central Bank of the Russian Federation (Bank of Russia)

Press Service

12 Neglinnaya Street, Moscow, 107016 Russia;
www.cbr.ru

Information Notice

On bankruptcy prevention measures for JSC AVB Bank

The Bank of Russia approved the plan of its participation in bankruptcy prevention measures for joint-stock company AVTOVAZBANK (Reg. No. 23) (hereinafter, JSC AVB Bank, Bank, Participation Plan).

As part of the Participation Plan, FBSC AMC Ltd. is vested with the authority of a provisional administration of JSC AVB Bank from 5 April 2018.

The measures provided for by the Participation Plan will ensure that the Bank continues its activity with regard to servicing its clients and performing its existing obligations.

04 April 2018

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