RusRating confirms credit ratings assigned to Express-Volga Bank, VUZ-Bank, Gazenergobank and KB “Poidem!”, which remain on watch list
Confirmation of the ratings reflects the Central Bank’s approval of plans to work with the Deposit Insurance Agency to prevent the failure of the four banks, all of which have been placed under temporary administrations charged with assessing their financial condition. In order to maintain liquidity, DIA resources will be channelled to the banks via the agency’s subsidiary, AKB Rossiiski Kapital (PAO). A competition for the right to act as investor under a rehabilitation programme will be held at a later date.
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