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Russia central bank: Otkritie, B&N Bank bail outs to require up to 820 billion rubles: RIA
October 11, 2017 / 10:03 PM / in 2 months

Russia central bank: Otkritie, B&N Bank bail outs to require up to 820 billion rubles: RIA

MOSCOW (Reuters) - The financial rehabilitation of troubled Russian lenders Otkritie Bank OFCB.MM and B&N Bank will require 800-820 billion rubles ($13.9-$14.2 billion), RIA news agency cited Central Bank Deputy Governor Vasily Pozdyshev as saying on Thursday.

Pozdyshev said the situation with the liquidity of both banks had stabilized but he did not rule out further bail outs in the Russian banking sector.

Reporting by Jack Stubbs; Editing by Vladimir Soldatkin

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