Avtovazbank buys 18.4 bln rbl overdue loan from Bank Sovetsky - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Avtovazbank buys 18.4 bln rbl overdue loan from Bank Sovetsky

MOSCOW, Jul 4 (PRIME) -- RussiaТs Avtovazbank bought bad assets of Bank Sovetsky, the license of which was revoked on Tuesday, including an 18.4 billion ruble overdue loan to defunct Tatfondbank, Maxim Osadchy, director of the research department at Corporate Finance Bank, told PRIME on Wednesday.

The assets also include a 17.6 billion ruble credit portfolio that comprises loans, 80.1% of which are partially or completely overdue, he said.

The central bank launched a bailout of Bank Sovetsky, ranked 111th by assets as of June 1, through the Banking Sector Consolidation Fund in February, but it revoked the bankТs license on Wednesday as further bankruptcy prevention measures for the bank would become too costly without guaranteeing a positive result. The regulator also plans to transfer part of assets and liabilities of Bank Sovetsky to another bank that will continue servicing SovetskyТs clients.

(63.2194 rubles Ц U.S. $1)


04.07.2018 18:38
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 76.7556 +0.6819 15 nov
USD 67.9975 +0.3163 15 nov
Stock Market Indices
1D 1W 1M 1Y
rtsi 1117.26 +1.56 18:50 14 nov
micex 2378.59 +0.15 18:50 14 nov
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 151.85 +2.03 18:49 14 nov
lkoh 4856.50 -2.08 18:47 14 nov
rosn 427.15 -3.71 18:49 14 nov
sber 199.20 +1.34 18:49 14 nov
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 76.4400 +0.2375 14:59 14 nov
USDTD 67.0600 -0.6350 17:44 14 nov