OREANDA-NEWS  The Bank of Russia could not sell the Asia-Pacific Bank sanitized by it. The auction for the sale of the asset from the consolidation Fund of the banking sector was declared invalid, since the Moscow credit Bank and Sovcombank admitted to trading did not actually participate in them.

The initial price of the lot was 9.87 billion rubles. The Auction took place in the format of the Dutch auction: every half hour (from 9:30) the auction price fell by 1,285 billion rubles., until it fell to a minimum, 6 billion rubles. But no application for the purchase of the Bank even at the minimum price was not filed.

Now the Central Bank expects to sell the Bank in 2020, after "a wide range of persons, including potential investors" will be disclosed information about the results of the credit institution for 2019.

Asia-Pacific Bank is still owned by the Bank of Russia and will continue to operate under the interim administration. The regulator will consider the possibility of forming permanent management bodies in the Bank, under the leadership of which a strategy for the development of its business can be determined.

The auction was held at the site of" Sberbank-AST " on the morning of Thursday, March 14. The capital of ATB is divided into a huge number of shares, more than 30.9 septillion shares were put up for sale (the nominal value of one paper amounted to a scanty 1/5155290941638853 rubles).

The Moscow credit Bank revised its vision of development in the region [Asia-Pacific Bank is concentrated in the Far East].

In the current situation, Asia-Pacific Bank can not cost less than 6 billion rubles, commented Deputy Chairman of the Central Bank Vasily Pozdyshev. "After returning to the issue of the sale of the Bank, the possible price parameters of the sale will also be determined," he added.

The situation when none of the bidders took part in the auction is a normal practice, as the interested banks, in order to conduct due diligence, must submit their bid for the auction, says the Director of "Financial institutions" S&P Sergey Voronenko. "We can assume that after the due diligence, none of the parties had any interest in this asset at the moment," the expert notes.