Rossiyskiy Capital would engage in rehabilitating Bank Sovetsky at the initial stage, the Bank of Russia's press service reported on Wednesday.
"At the initial stage in order to take measures to rehabilitate the bank Rossiyskiy Capital was invited, and it was provided with the funds to maintain Bank Sovetsky's liquidity in an amount sufficient to keep it running and make settlements with creditors," the regulator's press service pointed out.
As the regulator emphasized, the Deposit Insurance Agency (DIA) would hold a tender to pick an investor, and an institution which offers the best possible terms of rescuing Bank Sovetsky would be named the winner.
Tuesday evening the Bank of Russia decided to rescue Bank Sovetsky, RBC wired quoting sources close to the bank and the regulator.
Earlier the regulator appointed temporary administration at the bank using the DIA. An inspection revealed that the bank's negative capital turned out to be nearly half of deposits (Rub 21.4 bln as of October 1), i.e. slightly more than Rub 10 bln, so the regulator decided that it would be more advantageous to rescue the bank rather than to revoke the bank's license, a source close to the lending institution said. The Central Bank of Russia would announce a rehabilitation tender within ten days.
