Alfa-Bank refused to participate in the repeated tender for sanitation of “Trust”

Alfa-Bank decided to withdraw its application for participation in the competition for the re-selection of the investors “trust”, reported the Bank press service on Thursday.

This decision was taken due to the fact that after a thorough legal review of Alfa-Bank came to the conclusion that the re-competition does not meet the requirements of existing regulations, according to a press release.

In particular, approved by the Agency on insurance of contributions (ASV) rules require that the re-selection of the possible turnaround of the Bank in case of detection of adverse facts which may have a significant impact on the further involvement of the original investors in rehabilitation for two or more consecutive quarters. In this case the ASV must take the decision to dismiss the initial investor and re-selection without his participation, which was not observed in the present case”, said the press service of Alfa Bank.

Wednesday, August 31, the newspaper “Kommersant” with reference to sources wrote that the new turnaround “Trust” re-run of the contest with a high probability can become Alfa-Bank. Interlocutors of the edition noted that the pre-Alfa-Bank offered the best of the new conditions the recovery of “Trust”.

Alfa-Bank confirmed to the newspaper, interest in rehabilitation “Trust”. The Bank participated in the first competition for the reorganization of the Trust”, but did not win.