OREANDA-NEWS. March 22, 2010. State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ announces the completion of accepting credit institutions’ applications of interest in participating as partner banks in establishing a Russian Postal Bank on the basis of OJSC Svyaz-Bank with the participation of the Post of Russia.

Vnesheconombank has received 7 applications including 2 applications from the banks with the participation of foreign capital.

After examining the applications received, a list of banks meeting selection criteria is to be submitted till March 31, 2010 to the Interdepartmental Working Group responsible for establishing a Postal Bank of the Russian Federation. The Group is chaired by Russian Deputy Prime Minister Sergei Ivanov.