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Russia's Promsvyazbank says it's stable, see no fallout from B&N Bank
September 20, 2017 / 10:20 AM / 3 months ago

Russia's Promsvyazbank says it's stable, see no fallout from B&N Bank

MOSCOW, Sept 20 (Reuters) - Russia’s Promsvyazbank , on the central bank’s list of systemically important lenders, does not see an impact on it from the situation with its peer, B&N Bank, Promsvyazbank said in emailed comments.

“The bank’s situation is stable. The resource base is diversified,” Promsvyazbank said.

B&N Bank has asked the central bank for a bailout but a decision is yet to be made. A B&N Bank bailout, if approved, would be the second major bailout in less than a month. (Reporting by Kira Zavyalova; writing by Katya Golubkova; Editing by Christian Lowe)

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