In order to stabilize the Russian banking sector, the Bank of Russia, by agreement with the Government of the Russian Federation, made a decision to provide financial resources worth 2.5 billion US dollars in the form of deposit for a period of 1year to Vnesheconombank.
The funds will be used to enable OJSC AKB Svyaz-Bank to fulfill its obligations to customers and counterparties.
Origin: Press Office of Vnesheconombank
Contact person: Svetlana Nikitina
Phone: +7 (495) 608-46-93, Fax: +7 (495) 975-21-34
E-mail: press@veb.ru
State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ agreed with the Bank of Russia upon the Purchase of 98% of OJSC JSCB Svyaz-Bank’s shares and the program to render financial assistance to the bank.
To stabilize Svyaz-Bank’s operation, Vnesheconombank provided the bank with substantial financial resources for it to make current payments without interruption and fulfill all its obligations to customers and counterparties.
Origin: Press Office of Vnesheconombank
Contact person: Svetlana Nikitina
Phone: +7 (495) 608-46-93, Fax: +7 (495) 975-21-34
E-mail: press@veb.ru