The Central Bank appointed a temporary administration in the Bank “Otkrytie”


MOSCOW, August 29. /TASS/. The Bank of Russia on 30 August appointed a temporary administration in the Bank “FC Opening” in the framework of measures to enhance financial stability of credit organizations, the press service of the regulator.

“The composition of the interim administration included staff of the Bank of Russia and OOO “UK FCBS” (the management company controlled by the Central Bank Fund the consolidation of the banking sector – approx. TASS)”, – stated in the message of the Central Bank.

The regulator took the decision to become the main investor of the Bank “FC Opening” using the Fund’s cash consolidation of the banking sector. This is the first use of the Fund to improve the financial stability of the Bank.

CBA indicates that the implementation of measures to improve venustoise “Open” will be held in cooperation with the existing owners and managers of the Bank. This, according to the regulator, will ensure the continuity of “Opening” in the market of banking services and carry out all subsequent necessary actions to further the development of the Bank. “Discovery” will continue to perform its obligations and to make new transactions.

The regulator stressed that the moratorium on satisfaction of requirements of creditors is entered and the conversion mechanism money lenders in equity (bail-in) will not apply.

Financial institutions and specialized services, within the Bank group, including “Rosgosstrakh” and “Rosgosstrakh Bank”, Bank “trust”, NPF “LUKOIL-Garant”, NPF “Elektroenergetiki”, NPF “RGS”, “Opening broker” as well as “Point” and Rocketbank, will continue to operate normally and to serve customers, assured of the Central Bank.

The press service of “Open” refused to provide a prompt review.

The Bank “Opening” created on December 15, 1992. Infrastructure of the Bank consists of 22 branches and more than 400 business units. In terms of assets “Discovery” takes the eighth place in the Russian banking system.

Source