OREANDA-NEWS. October 30, 2015.  Bank of Russia approved amendments to the Plan for the participation of the state corporation Deposit Insurance Agency (hereinafter, the Agency) in the bankruptcy prevention of the Closed Joint-stock Company Bank Sovetsky (hereinafter, ZAO Bank Sovetsky).

At the initial stage, financial rehabilitation measures will be implemented with the involvement of BANK ROSSIYSKY CAPITAL (public joint-stock company), which has been provided sufficient funding to support the liquidity of ZAO Bank Sovetsky and to ensure its smooth operation and timely settlements with creditors.

The Plan provides for the Agency to hold a tender for selecting investors. The winner will become the tendering organisation which has proposed the best terms for the financial rehabilitation of ZAO Bank Sovetsky.