Nabiullina: the Central Bank wants to sell “the Opening” after the reorganization of the market, not the strategist
CBR is not required to offer the Bank “FC Opening” major strategic investor, the Bank should do so transparent to offer it to the market, said the head of the Bank of Russia Elvira Nabiullina.
“He (mechanism – ed.) is intended to quickly deal with the problems of the Bank, to recapitalize it directly to develop a business model that will be transparent and generate revenue, are transparent to investors, and offer the Bank to the market. Not necessarily a major strategic investor. We want to make it so transparent in order to be able to make this Bank a public company and for us it is, of course, very important,” – said Nabiullina, speaking at the plenary session of the Moscow financial forum.
Central Bank on 29 August announced measures to rescue the Bank “FC Opening”, until recently, the former largest private Bank in Russia. This will be the first rehabilitation using a new mechanism – the Bank of Russia, investing established in the year of the Foundation of the consolidation of the banking sector will become the main shareholder of “Discovery”.
According to BIR Analyst, Bank “FC Opening” on July 1, took 6th place in the Russian banking system’s assets 2,678 trillion rubles, own funds amounted to 270,5 billion rubles, funds of the population – 503,2 billion.