“The shareholders of PSB and “Revival” have decided to postpone the unification

Moscow. 27 Oct. INTERFAX – the Majority shareholders of PSB and “Revival” have decided to defer the question of accession of the Bank “Revival” to Promsvyazbank, said in a press release, “Revival”.

Will be considered an alternative development of the credit organization – the creation on the basis of Vozrozhdenie Bank, digital Bank, specified in the message.

The past 26 October the meeting of shareholders declared invalid due to lack of quorum.

“Since the decision on reorganisation is not accepted, banks and Promsvyazbank Vozrozhdenie will continue to work on separate balance sheets and separate reporting. Both banks with the reserve comply with all regulations of the Bank and keeping a high liquidity cushion,” – said in a press release. There’s also clarifies that the previously initiated integration processes in banks will continue to be, primarily, to touch digital channels.

“Smaller scale IT platform of the Bank “Revival” offers the opportunity for more rapid development and introduction of new IT technologies development and dissemination of including the customers of PSB”, – preparing the press release.

Bank Vozrozhdenie became the holding company Promsvyaz Capital B. V. in 2015, this time between the two banks was the integration processes: the transition to the unified operational and technological platform, centralization of back-office functions, unification of the product line and building a cross-sales.

The main shareholders of PSB and “Revival” via Promsvyaz Capital B. V. (from 50.03%) are Alexey and Dmitry Ananeva. At meetings of shareholders of banks on 26 October it was considering a merger of credit institutions.

PSB for the first half of 2017 took 10-th place in terms of assets in ranking “Interfax-100” prepared “Interfax-TSEA”, Bank Vozrozhdenie was ranked 32nd place in the ranking.

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