Owner: Credit Bank of Moscow wants no bailout from cbank

MOSCOW, Oct 31 (PRIME) -- Russia’s Credit Bank of Moscow has not asked the central bank for a bailout, Roman Avdeyev, core owner of Credit Bank of Moscow, told reporters on Tuesday.

“No, we did not ask for this,” he said.

In August, Alfa Capital analyst Sergei Gavrilov warned clients of the company about problems at Otkritie Financial Corporation Bank, B&N Bank, Promsvyazbank, and Credit Bank of Moscow. Since then, the central bank has launched financial recovery procedures at Otkritie Financial Corporation Bank and B&N Bank.

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