Russian court declares Svyaznoy Bk bankrupt under cbank plea

MOSCOW, Jan 20 (PRIME) -- The Moscow Arbitration Court declared Svyaznoy Bank, the 150th in Russia by the amount of assets as of November 1, bankrupt on a petition by the central bank on Wednesday.

The central bank revoked the Svyaznoy Bank license in November 2015 and appointed a interim provisional administration.

An official of the regulator said that the assets of the bank are 12.6 billion rubles and the liabilities amount to 12.9 billion rubles.

Svyaznoy group, which also includes handset retailer Svyaznoy, passed to businessman Oleg Malis in December 2014, as Malis purchased the claim rights for Svyaznoy group’s overdue debts from Onexim and non-state pension fund Blagosostoyanie. The control over the bank came to Malis in April 2015.

(78.4862 rubles – U.S. $1)

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