Central Bank postponed sale of Otkritie Bank due to pandemic

The head of the Bank of Russia Elvira Nabiullina said that the sale of Otkritie Bank will be tentatively held in the spring of 2022, TASS reports.

Initially, the regulator planned to sell a stake in Otkrytie at the end of 2021. However, according to Nabiullina, the coronavirus pandemic and restrictive measures have changed this decision.

“In order for potential investors to assess the state and prospects of the bank after emerging from the pandemic, in our opinion, a more realistic period is the spring of 2022,” she said.

The head of the Central Bank added that preparations for the sale of the bank continues. The regulator will have to determine the method of sale and the volume of shares.

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source: rambler