On acquiring shares of JSC AVB Bank

The Bank of Russia has become the owner of more than 99.9% of ordinary shares of Joint-stock company AVTOVAZBANK (Reg. No. 23) (hereinafter, JSC AVB Bank, Bank).

The implementation of these measures is part of the plan of the Bank of Russia’s participation in bankruptcy prevention measures for JSC AVB Bank that provide for the acquisition by the Bank of Russia of the additional issue of the Bank’s ordinary shares worth 350 million rubles.

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