Central bank says Eurasian Bank merged into Sovcombank

MOSCOW, Jun 29 (PRIME) -- The Russian unit of the Eurasian Bank has been merged into Sovcombank, the central bank said in a statement on Tuesday.

Reorganization was launched in April, after Sovcombank acquired 100% of Eurasian Bank’s unit in December.

Sovcombank was Russia’s 10th largest bank by assets as of May 1, while Eurasian Bank was ranked 304th.

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