On measures aimed at improving financial stability of JSC AVB Bank
20 April 2018
Press release
The Bank of Russia approved amendments to the plan of its participation in bankruptcy prevention measures for the joint-stock company AVTOVAZBANK (Reg. No. 23), hereinafter referred to as JSC AVB Bank. These measures provide for the Bank of Russia to allocate 350 million rubles for recapitalisation purposes; the funds will be used to purchase the JSC AVB Bank’s follow-on offering.
The reference to the Press Service is mandatory if you intend to use this material.