Bank Nizhny Novgorod and Volgoprombank have been reorganized via takeover by Promsvyazbank, the PR department of the Central Bank of the Russian Federation said in a statement.
In this connection records were made in the Book for State Registration of Lending Institutions about terminated operations at Volgoprombank and Bank Nizhny Novgorod.
Based on Banki.ru data, as of April 1, 2010 Promsvyazbank’s assets stood at Rub 509 bln (9th place in Russia), capital (calculated in line with CBR requirements) totaled Rub 48.5 bln, including the Rub 11.8 bln subordinated loan, the credit portfolio amounted to Rub 272.5 bln and obligations to households equaled Rub 87.8 bln.
