OREANDA-NEWS. The Bank of Russia approved amendments to the plan for participation of the state corporation Deposit Insurance Agency (hereinafter, the Agency) in bankruptcy prevention of the public joint-stock company Baltic Investment Bank or PJSC BALTINVESTBANK (registration number - 3176).

The Agency held a tender to select an investor who proposed the most favourable conditions for bankruptcy prevention financing of PJSC BALTINVESTBANK. Resulting the tender JSCB Absolut Bank (PJSC) (hereinafter, the Investor) has been selected.

Pursuant to the approved amendments to the plan for participation, the Agency will render financial assistance to PJSC BALTINVESTBANK and Investor to cover the imbalance between the fair assets value and the balance sheet value of the bank's liabilities out of the Bank of Russia loan, as well as to maintain the bank's liquidity to provide for its continuous settlements.