Russia`s Deposit Insurance Agency (DIA) reports on the early implementation of additional measures performed to provide strengthening of financial stability of “PotentsialBank” (Zhigulevsk) through its accession to the JSC “Bank” Russian Capital” by no later than April 30, 2012. These measures confirmed by the board of directors of the Bank of Russia July 15, 2011, the DIA press-release says.
DIA is the principal owner of both banks (99.99%), the agency note reminds.
“During the course of the measures implemented to restore the bank “Potential"`s financial health in 2008—2011, an uninterrupted settlement of accounts for corporate and private clients gained, performance of the obligations of the bank granted and administrative expenditures reduced. Thus, an effective job of both “Potential” and “Solidarnost” banks made it possible to stabilize the current “Potential” bank`s performance”, press-release says.
For an early completion of the bank`s rehabilitation bank “Rossiysky Capital” is to become the new investor with the two lenders` merger subsequent. In the process of the two lenders` merging the agency will replace the share of investments in the bank “Potential” to a share in the “Russian Capital”, DIA press-release says.
