On financial resolution measures applied to OJSC ROST BANK, OJSC CB KEDR, OJSC SKA-Bank, OJSC Tveruniversalbank and OJSC AKKOBANK

The Bank of Russia Board of Directors decided to approve amendments to the plans for participation of the state corporation Deposit Insurance Agency (hereinafter, the Agency) in preventing bankruptcy of OJSC ROST BANK, OJSC CB KEDR, OJSC Smolensk Stock Commercial Bank (SKA-Bank), OJSC JSCB Tveruniversalbank, and OJSC Surgut Joint-Stock Commercial Bank AKKOBANK (hereinafter, the Banks).

In accordance with the decision, by 12 December 2014, the Agency will make arrangements to select an investor for participation in the Banks’ resolution.

On the results of the selection the Agency is to provide the Bank of Russia with plans for participation in preventing bankruptcy of the Banks with the participation of the investor which will ensure permanent financial stability of the Banks.

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