The Central Bank made the decision on reorganization of the Bank and the growth of the Bank

MOSCOW, September 21. /TASS/. The Bank of Russia took a decision on the implementation of measures aimed at improving the financial stability of the Bank and the growth of the Bank, said in a statement the regulator.

“Under these measures will be attended by Bank of Russia as the main investor using the Fund’s cash consolidation of the banking sector”, – stated in a press release. The regulator did not specify the planned share of the Central Bank in the capital of the Bank.

Earlier, the Bank co-owner Mikhail Shishkhanov in an interview with RBC said that we are talking about the fact that “75% will go to the state, and 25% will remain to the old owners.”

CBA did not impose a moratorium on satisfaction of creditors ‘ claims under the rehabilitation of credit organizations. The Central Bank also would not use the mechanism of conversion of money lenders in equity (bail-in) in rehabilitation of these banks.

“PJSC “Bank” and JSC “Rost Bank” and other banks of the group – JSC “Binbank digital” (Moscow) and JSC “Uralprivatbank” (Ekaterinburg) – will continue to work normally, fulfilling their commitments and making new deals – said in the Central Bank. – The Bank of Russia will provide financial support to banks of the group, ensuring the continuity of their activities.”

Regulator introduces a temporary administration in the Bank and the Growth of the Bank, it will include representatives of the Central Bank and PCBS.

A day earlier, the Bank of Russia reported that the owner of the Bank appealed to the Governor with a request to consider the possibility of rehabilitation of credit organizations through the Fund for the consolidation of the banking sector.