Tag Archives: Otkritie

MOSCOW, Dec 8 (Reuters) – Russia’s central bank is looking for an investor in bailed-out Otkritie bank, but has drawn a blank with an approach to internet giant Yandex, two sources close to the matter told Reuters. Otkritie, once Russia’s biggest private bank, was bailed out by the central bank in 2017 along with two other private banking groups. All three were struggling with mounting bad assets and a lack of capital. The central bank plans to sell Otkritie, in full or in parts, either… Source link

MOSCOW, Dec 8 (Reuters) – Russia’s central bank is looking for an investor in bailed-out Otkritie bank, but has drawn a blank with an approach to internet giant Yandex, two sources close to the matter told Reuters. Otkritie, once Russia’s biggest private bank, was bailed out by the central bank in 2017 along with two other private banking groups. All three were struggling with mounting bad assets and a lack of capital. The central bank plans to sell Otkritie, in full or in parts, either… Source link