OREANDA-NEWS. On 14 October 2015, the Bank of Russia approved amendments to the plans for the participation of the state corporation Deposit Insurance Agency (hereinafter, the Agency) in the bankruptcy prevention of PJSC Investtradebank, VUZ Bank JSC, and JSC VOCBANK.

The Agency has held a tender for selecting investors to participate in bankruptcy prevention measures designed for the mentioned credit institutions. The winning tenderers were banks which proposed the best financing schemes for financial rehabilitation.

As a result of the tender, the following investors have been selected: PJSC TCB BANK (for PJSC Investtradebank), PJSC UBRD (for VUZ Bank JSC), and JSC TROIKA-D BANK (for JSC VOCBANK).

Bankruptcy prevention measures are aimed at bringing the activity of problem banks in line with Bank of Russia requirements for the financial sustainability of credit institutions.