On measures aimed at improving financial stability of Asian-Pacific Bank PJSC

The Bank of Russia Board of Directors decided to prolong the term of appointment of the provisional administration to manage Asian-Pacific Bank PJSC (hereinafter, the Bank) by FBSC AMC Ltd. from 27.10.2018 by 6 months with the suspension of the powers of the credit institution’s executive bodies in compliance with Cl. 1 of Article 189.27 of Federal Law No. 127-FZ, dated 26 October 2002, ‘On Insolvency (Bankruptcy)’.

At present, measures for the recapitalisation of the Bank under the plan of the Bank of Russia’s participation in bankruptcy prevention of Asian-Pacific Bank PJSC have been implemented. The Bank observes all capital adequacy requirements.

The selling of the Bank to a new investor is to be completed by 01.04.2019.

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