Official: Russian cbank to sell Otkritie FC Bk, B&N Bank in 2 years

Author/Creator

Prime News

Publisher

JSC PRIME

Media Date

9-26-2017

Media Type

Document

Content Type

News Article

Country/Region

Russia

Language

English

Crisis

Russian Private-Banking Crisis (2017)

Case Series

Ad hoc Capital Injection

Intervention

Ad hoc Capital Injection

Additional Information

MOSCOW, Sep 26 (PRIME) -- The Russian central bank expects to complete preparation of Otkritie Financial Corporation (FC) Bank and B&N Bank , which are undergoing bailout procedures, for a sale in two years, Deputy Chairman Vasily Pozdyshev said at a conference on Tuesday. “We are setting a target to make the banks ready for sale in two years,” Pozdyshev said, adding that the deals will depend on market conditions.

Recommended Citation

Prime News, "Official: Russian cbank to sell Otkritie FC Bk, B&N Bank in 2 years" (2017). Documents. 2683.
https://elischolar.library.yale.edu/ypfs-documents2/2683