October 5, 2017 / 9:41 AM / 9 months ago

Russian c.bank head: merger of Otkritie, B&N bank a "workable option"

SOCHI, Russia, Oct 5 (Reuters) - Russian Central Bank Governor Elvira Nabiullina said on Thursday that the possible merger of two troubled lenders, Otkritie Bank and B&N Bank, was a "workable option."

The central bank earlier this year bailed out Otkritie , once Russia's largest private bank, and B&N, ranked No. 12 as of early September. The central bank said it would like to sell the two lenders following their financial rehabilitation.

Reporting by Kira Zavyalova; Writing by Andrey Ostroukh; Editing by Gabrielle Tetrault-Farber

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