The Bank of Russia has remained the holder of more than 99.9% of Asian-Pacific Bank’s shares

The public auction to sell Bank of Russia-held shares of Asian-Pacific Bank was recognized invalid as none of the two Bank of Russia-approved auction participants took part in the trading.

APB will continue its operations under the management of the provisional administration.

Given that the Bank of Russia has retained its participation in the APB’s authorized capital, it intends to establish permanent management at the Bank in the nearest future, which will determine the APB’s further strategy (read more on www.cbr.ru).