Deposit Insurance Agency signs agreement on Bank’s financial recovery

10 December 2008 (10:42)

Deposit Insurance Agency, the state corporation, reports a general agreement has been signed by the agency,, and Probusinessbank regarding the terms and the order of the three parties’ interaction in the course of’s financial recovery.

The agreement states that Probusinessbank, the investor, is to buy enough shares of to be able to do the necessary decision-making. At the same time, the investor is to fully meet its obligations as to’s financial recovery and thus to restore the bank’s financial development indicators to the level required by the Bank of Russia’s rules and the federal legislation.

Deposit Insurance Agency, in its turn, is to provide Probusinessbank with financial aid needed for’s financial recovery and to monitor the implementation of the plan by both other parties involved.

Other materials on the topic::