US economy

Russia's CBM, Sovcombank, Expobank could bid for Asia-Pacific Bank – sources


© Reuters. Russia’s CBM, Sovcombank, Expobank could bid for Asia-Pacific Bank – sources

MOSCOW (Reuters) – Russia’s Credit Bank of Moscow (CBM) (MM:) is in “theory” interested in bidding for Asia-Pacific Bank (APB), which has been put for the sale by the central bank, CBM’s head Vladimir Chubar told Reuters.

Two banking sources told Reuters separately that Russian private banks Sovcombank and Expobank were interested in bidding for APB as well. Sovcombank and Expobank declined to comment.

Russia’s central bank said on Monday at least three potential bidders, including one foreign investor, had expressed an interest in acquiring APB which it bailed out earlier this year.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.