The Bank of Russia has approved amendments to the plan for the Deposit Insurance Agency (DIA) to take measures to prevent Bank Sovetsky from going bankrupt," the regulator's press service reported.
The agency held a tender to select an investor to participate in the measures to prevent the bank from going bust, which was won by Tatfondbank that offered the best terms of funding these rehabilitation measures.
"Taking measures to prevent Bank Sovetsky from going bankrupt aims to bring its activities in accordance with the requirements set by the Bank of Russia for the financial stability of lending institutions," the regulator said in a press release.
Business daily Kommersant earlier wrote that Tatfondbank may be named to rescue Bank Sovetsky. According to the newspaper, the final of the DIA tender was attended by four banks (Rossiyskiy Capital, Tatfondbank, MTS Bank and SKB-Bank). Tatfondbank was named the winner after making the best offer (Rub 11.8 bln).
