OREANDA-NEWS. November 29, 2010. Sviaz-Bank held an extraordinary General Meeting of its shareholders in Moscow to get their approval of the transfer of rights (claims) to Sviaz-Bank’s assets to Vnesheconombank, reported the press-centre of Sviaz-Bank.

Transactions of this kind are conducted as part of efforts to reduce problem debts under the current plan of measures to bring the Bank back to financial health.

Following the transfer of its assets, the Bank’s financial stability in terms of the quality of its assets will conform to the standards laid down by the Bank of Russia in the time remaining to January 1, 2011.