On measures aimed at improving financial stability of JSC AVB Bank

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.

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