Official: Orient Express ups reserves by 5 bln rbl, becomes stable

MOSCOW, Jun 13 (PRIME) -- Orient Express Bank has fulfilled the order of the central bank to raise the reserves by 5 billion rubles, and its financial stability is doubtless, an official of Orient Express Bank told PRIME on Thursday.

“The bank received the order to raise the reserves on a range of assets by 5.1 billion rubles. The bank fulfilled the requirement fully and in the stipulated term,” the official said.

On May 17, the Arbitration Court of the Amur Region ordered Evison Holdings Limited, which represents interests of fund Baring Vostok, to sell the 9.99% stake in Orient Express Bank to Artyom Avetisyan’s Finvision Holdings. The decision did not come in force but Finvision sent a motion for immediate fulfillment of the court order, and the motion was upheld by the court on Tuesday.

(64.5158 rubles – U.S. $1)

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