Russian entrepreneur Mikail Shishkhanov's B&N Bank does not rule out possibility of bidding to buy some assets and liabilities of Probusinessbank whose license was revoked on August 12, B&N Bank's press service told Banki.ru.
To remind, on Wednesday, August 11, the Bank of Russia cancelled a license held by Probusinessbank, which is part of financial group Life. The regulator also approved a plan of action for the Deposit Insurance Agency (DIA) to settle Probusinessbank's liabilities. The plan provides for a tender to be held by the state-run corporation to select a bank that will buy some of the bank's assets and liabilities. One of the requirements for bidders will be the ability to start serving Probusinessbank's deposit holders at the points of its presence (or in the same localities) no later than 14 days upon approval of the plan.
"B&N Bank does not rule out bidding," the lending institution's press service reported.
Also on Wednesday, the Bank of Russia approved a plan to rehabilitate four other banks that make up Life Group, namely VUZ-Bank, Express-Volga, Gazenergobank and financial solutions bureau Poidem!
A Banki.ru source close to financial group Life said that Sovcombank also said it is interested in buying some of Probusinessbank's assets and liabilities.
Credit Bank of Moscow, which previously took interest in rescuing Probusinessbank, declined to comment.
