Bank of Russia: Bank24.ru’s financial recovery complete
10 May 2011 (09:44)
The Bank of Russia’s PR Department reports that the financial recovery of Bank24.ru is now complete.
Bank24.ru was confronted with a drastic cash outflow late in 2008 and was unable to sort out its liquidity problems on its own. The bank had to undergo financial recovery with Probusinessbank of Life Group as its new proprietor and the Deposit Insurance Agency as the cooperator in the process of helping this Yekaterinburg-based bank out of trouble.
Bank24.ru was confronted with a drastic cash outflow late in 2008 and was unable to sort out its liquidity problems on its own. The bank had to undergo financial recovery with Probusinessbank of Life Group as its new proprietor and the Deposit Insurance Agency as the cooperator in the process of helping this Yekaterinburg-based bank out of trouble.
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