Bank Uralsib shareholders will make a decision to merge with Bank BFA and Bashprombank until February 28, 2017, the lending institution said in a press release.
Bank Uralsib's EGM agenda includes "reorganization of public joint stock company Bank Uralsib by taking over public joint stock company Baltic Financial Agency" and "reorganization of public joint stock company Bank Uralsib by taking over public joint stock company Bashkir Industrial Bank".
The date of compilation of the list of persons eligible to attend the general shareholders meeting is January 24, 2017.
The media wired in August 2016 that Bank BFA will be folded into under-rehabilitation Bank Uralsib. The banks' merger requires approval from the Bank of Russia and the Deposit Insurance Agency (DIA), and also amendments to Bank Uralsib's rehabilitation plan.
There have never been instances when a sound bank is to merge with a bank under rehabilitation.
