Central Bank favors selling banks rehabilitated by BSCF to multiple shareholders, not one - Pozdyshev
MOSCOW. Sept 26 (Interfax) - The Russian Central Bank favors selling banks that have been rehabilitated by the Banking Sector Consolidation Fund (BSCF) to multiple shareholders and not to a single shareholder, Deputy Governor Vasily Pozdyshev said at the Fitch Rating conference.
"Indeed, it doesn't need to be one controlling shareholder; in fact, we would prefer a more diverse ownership structure. But everything will depend on to what extent our financial market will be prepared to take on such assets," Pozdyshev said.
He said that the regulator will task itself with preparing rehabilitated banks for sale in two years. "Another thing is that the sale of banks on the market does not depend solely on the readiness of the asset to be sold, but also on the readiness of the market to buy. We understand that today, at the present moment, we will assume that in two years the possibilities of our financial market will be fairly limited," the deputy governor said.
The BSCF is currently working on the rehabilitation of B&N Bank and FC Otkritie Bank .