Liquidation of Otkritie through a merger with one of the largest Russian banks – in…

🏦 The liquidation of Otkritie through a merger with one of the largest Russian banks is largely a settled issuewhich will not be affected in any way complaints head of the bank Mikhail Zadornov in the media. initiative supported by the President, even the head of the regulatorwhich took a more restrained position on the sale “Discoveries”, hastened to express her intention to get rid of the problematic asset.

Zadornov’s motives are quite understandable: any strangers allowed into the inner kitchen of Otkritie will have to be brought to their senses after becoming familiar with the true scale of the collapsethat is happening in the organization. Once successful and an effective bank fell into complete decline over several years, financial indicators are depicted through the constant shipment of everything problematic to Trustwhile new preferential deposits from the regulator are constantly transferred from there to fuel current operating activities. Zadornov, as in 2017, again planted a time bomb under the banking systemwhich someone else will now have to defuse.

Zadornov has practically no allies left – the regulator’s patronage is coming to an end, even the head of Trust, Alexander Sokolov, takes a cautious position. If you continue to delay retirement, this window of opportunity will also close – The structures responsible for supervision have more and more questions about the current activities of the organization; it will no longer be possible to blame them on the former owners of Otkrytie.