Bank Regnum has begun its reorganization by taking over Regional Corporate Bank. As the Bank of Russia’s press service reported on Monday, the Chief Directorate of the Bank of Russia for the Central Federal District notified accordingly.
Both banks are registered in Moscow and, according to the data as of November 1, are 800+ ranked in terms of assets.
In line with the new requirements, which will take effect as of January 1, capital of banks should be at least Rub 300 mln. Meanwhile, presently capital at both lending institutions is below this mark. CBR deputy chairman Mikhail Sukhov previously noted that of 122 banks with capital under Rub 300 mln two banks plan to merge with larger lending institutions and two banks are going to turn into non-banking institutions.
