OREANDA-NEWS. July 01, 2011. We are sure that the involvement of the main shareholder and the state in the rehabilitation of the Bank of Moscow will help avoid instability of its financial standing. The credit portfolio problems that have arisen as a result of the activity of the Bank’s former management will be resolved in the course of implementation of the plan on operation with problem assets which is to be worked out in collaboration with the Deposit Insurance Agency.

The funds extended for the rehabilitation of the Bank of Moscow will unconditionally be returned to the state.

It is confirmed that any and all obligations and commitments of the Bank of Moscow to its investors, clients and depositors will be discharged in full. The Bank of Moscow will develop efficiently and build its business on the basis of its own forces and experience and of the partner support by the VTB.