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VTB WILL TRANSFER ASSETS WORTH 170 BILLION RUBLES TO A NEW LEGAL ENTITY

VTB shareholders (MOEX: VTBR) have approved the creation of a separate legal entity to manage blocked assets. This decision was made at an extraordinary meeting. By the end of 2024, the bank intends to transfer assets and debts to creditors from unfriendly countries to a new separate legal entity. The total amount of obligations is up to 170 billion rubles, Kommersant clarifies. As explained in the VTB press service, such a measure will help to increase the efficiency of asset and debt management...

Modified: 10.18.2024
bankrupt , bankruptcy , debt , VTB , bank , banks , business
Path: РусБанкрот - СМИ

AMERICAN EXPRESS BANK IS BEING LIQUIDATED

American Express Bank (a subsidiary of American Express Company) decided to liquidate instead of selling the business. The corresponding application for liquidation was submitted to the Unified State Register of Legal Entities. At the ... ... shares that make up their authorized capitals. This list was approved by the President of the Russian Federation. In fact, the banks faced a choice – either to liquidate or to sell the business. The decision to liquidate, in addition to American Express ...

Modified: 07.10.2024
bankrupt , bankruptcy , liquidation , business , bank , banks , American Express Bank , American Express Company
Path: РусБанкрот - СМИ
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