UPDATE: Cbanker: Owner of B&N Bank asks cbank to mull bailout

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MOSCOW, Sep 20 (PRIME) -- The owner of Russia’s B&N Bank, 11th by assets as of August 1, has asked the central bank to consider launching bailout procedures at the bank, and the authority will decide on the issue soon, a spokesperson for the central bank told PRIME on Wednesday.

“The owner of B&N Bank has asked the Central Bank of Russia to consider a possibility of bailout via the fund for the banking sector consolidation,” the official said.

Earlier on Wednesday, business daily Vedomosti reported that the central bank is likely to announce appointment of an interim administration at B&N Bank and acquisition of the bank by the banking sector consolidation fund for bailout on Thursday.

A spokesperson for B&N Bank declined to comment on the issue.

An employee of the call center of B&N Bank said that the bank operates normally: “We are okay at the bank, there are no limits and no moratoria, you can become our depositor with confidence.” The official added that the media report about the bailout was a big surprise and B&N Bank is waiting for a comment by the central bank.

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