Photo: Alexey kudenko / RIA Novosti
The head of the Bank of Russia Elvira Nabiullina said that we have made a decision on the merger of two large financial institutions that undergo reorganization. We are talking about FK “Opening” and the Bank, according to video News Service.
“The decision that the “Discovery” and the Bank as the Bank with the exception of a share may be bad assets, will be merged — that’s an internal decision was made”, — said the head of the Central Bank. Both banks are in the process of readjustment created through the 2017 Fund the consolidation of the banking sector (VCBS).
A decision on reorganization of “Discovery” was made on August 29, and joined the 21st of September. The merger of the two banks into one big Bank was the most likely outcome for financial institutions. The Bank of Russia has informed that intends to integrate, sanitize, and then withdraw the IPO to a single Bank. However, for a long time it was only one of the possible options, the final decision was made only now.
The combined Bank will lead the former head of VTB24 Mikhail Zadornov. In addition to the “Open” and the Bank under his leadership will go in restructured “Opening” Bank “trust”, insurance group “Rosgosstrakh”, “Opening Broker” and other financial assets of the group.
Video, photo All from Russia.