Asian-Pacific Bank together with M2M Private Bank and the Central Bank of the Russian Federation are working out measures to restore the situation in M2M Private Bank
11.11.2016
Temporary difficulties with payments settlements in M2M Private Bank are connected to the short-term liquidity gap.
M2M together with APB (100% shareholder of M2M Private Bank) and the Central Bank of Russian Federation are currently working out measures to restore the situation, including capital increase for M2M. Those measures expected to be considered by the Central Bank of Russia within the next week.
We expect M2M to return back to normal business process next week.
21.07.2021
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