On financial resolution measures applied to OJSC ROST BANK, OJSC CB KEDR, OJSC SKA-Bank, OJSC Tveruniversalbank and OJSC AKKOBANK
On 9 December 2014, 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 bankruptcy prevention of OJSC ROST BANK, OJSC CB KEDR, OJSC SKA-Bank, OJSC JSCB Tveruniversalbank, and OJSC AKKOBANK.
The Agency held a tender to select an investor to participate in bankruptcy prevention measures applied to the banks. The tender resulted in selection of OJSC BINBANK as an investor (hereinafter, the Investor) which proposed the most favourable conditions of funding resolution measures applied to the banks. The participation plans provide for the Investor’s control over the banks.
The Agency will provide OJSC ROST BANK financial aid in the form of a 18.4 billion rubles loan with
The implementation of the approved plans will enable OJSC ROST BANK, OJSC CB KEDR, OJSC SKA-Bank, OJSC JSCB Tveruniversalbank, and OJSC AKKOBANK to restore their financial stability and provide for uninterrupted settlements with customers.
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