The Central Bank began the reorganization of the Bank «Opening»

© RIA Novosti / Nina Sociability in photobacteria Bank Opening. Archival photoThe Central Bank began the reorganization of the Bank «Opening»© RIA Novosti news Agency / Nina Sociability the image Bank

The Bank of Russia has launched the process of reorganization of the Bank «FC Opening» and appointed from August 29 temporary administration for the credit organisation, said the regulator.

«The composition of the interim administration included staff of the Bank of Russia and OOO «UK FCBS», — stated in the message.

The moratorium on satisfaction of requirements of creditors is entered, also does not apply the conversion mechanism money lenders in equity (bail-in).

The Central Bank said that the reorganization will not affect the mode of operation of the Bank. «The Bank of Russia will provide financial support to the Bank, guaranteeing the continuity of its activities», — said the regulator.

The Bank of Russia plans to become a major investor in the «Open» at the expense of the Fund on the consolidation of the banking sector. This measure is intended to increase the financial stability of the credit institution.

In the call center, «FC Opening» RIA Novosti reported that the Bank after the decision of the Central Bank is operating normally: clients can open and close accounts, to Deposit or withdraw funds from deposits to make loans to debit and credit cards.

In early July, ACRES appropriated «FC Opening» a rating of «BBB-» on the national scale with stable Outlook. In August, the rating Agency raised the Bank’s rating on CreditWatch with a negative Outlook, reflecting the view of a possible significant deterioration in the liquidity position of the Bank in connection with the outflow of client resources in June-July and with increasing dependence on the refinancing operations of the Central Bank.

«FC Opening» is a commercial Bank formed as a result of integrating more than a dozen banks of different sizes. His client base includes over 30 thousand corporate customers, 165 thousand small business customers and about 3.2 million individuals. The key shareholder of the Bank «OTKRITIE holding», which owns 66,64% of the voting shares. According to RIA Rating, on 1 August, the Bank «FC Opening» took the eighth place in the list of Russian banks by size of assets.