21 Nov 2013 09:27

CBR to file bankruptcy motion for Master Bank soon

MOSCOW. Nov 21 (Interfax) - The Central Bank of Russia will try to ensure that the process of liquidating Master Bank, which has lost its license, is not dragged out and that its creditors get their money as quickly as possible.

"We will soon submit the motion on the bank's liquidation to the Arbitration Court," Central Bank deputy chairman Mikhail Sukhov said on RBC TV.

"A great deal here depends on the liquidity of the bank's assets," Sukhov said when asked about the prospects of the lender's clients getting their money back.