Bank of Russia commences acceptance of notices of intent to buy JSC Asian-Pacific Bank’s shares

The Bank of Russia has announced that it launches the acceptance of notices¹ from those interested in buying Joint stock company Asian-Pacific Bank’s shares (Reg. No. 1810; hereinafter, the Bank).

The Bank of Russia has posted the relevant information notice on its website in the section Financial Markets / Banking Sector / Financial Resolution of Credit Institutions / Sale of Credit Institutions / Current Offers for Sale of Banks.

Parties interested in acquiring the Bank’s shares are invited to send their notices of intent to the Bank of Russia from 28 June 2021 to 2 July 2021 in electronic form through information exchange participants’ accounts or by courier. After considering these notices, the Bank of Russia will make a decision on further procedures for selling the Bank’s shares, which will be then announced.

The Bank of Russia became the owner of ordinary and preferred registered shares making over 99.99% of the Bank’s charter capital as a result of the Bank’s financial resolution carried out in accordance with the Plan for the Bank of Russia’s Participation in Bank Bankruptcy Prevention Measures.

After the accomplishment of the financial resolution procedures, the Bank observes all required ratios, showing stable profitability.

¹ Within its powers according to Article 189^57-1 of the Federal Law ‘On Insolvency (Bankruptcy)’ and in compliance with Clause 3 of the above article.

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