Measures aimed at improving financial stability of PJSC MIN BANK
8 February 2019
Press release
The Bank of Russia approved amendments to the plan of its participation in bankruptcy prevention measures for Public Joint Stock Company Moscow Industrial Bank (Reg. No. 912) (hereinafter, the Bank), which provide for the Bank’s recapitalisation from the Fund for Banking Sector Consolidation. Pursuant to the Federal Law ‘On Banks and Banking Activities’ and the Federal Law ‘On Insolvency (Bankruptcy)’, this is the basis for termination (exchange or conversion) of the Bank’s liabilities under subordinated loans (deposits, loans, and bonded loans).
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