The head of “FC Opening” Mikhail Zadornov

© Artur Lebedev/TASS

MOSCOW, February 2. /TASS./ Association of rehabilitated banks, the Central Bank “FC Opening” of the Bank and will reduce the required amount of funds for their rehabilitation and to reduce the time to market. About this stated the head of “FC Opening” Mikhail Zadornov.

See also

What you need to know about the problems of Bank “Opening”

“Less money will need to reorganize, sell banking and insurance products will be made from the entire network . The combined Bank will come out on profitability and, consequently, on the market,” Zadornov was quoted by the press service of “FC Opening”.

According to him, the merger of the two banks is necessary for synergy.

“Merging is necessary for synergy. The newly-created Bank will be a single branch, the ATM network – 950 points of sales, we look at them as a whole, the declining part, the part is added – and the best remote channels,” – said Zadornov.

As said TASS in the press service of “FC Opening”, his Association with the Bank does not constitute a waiver of the recapitalization of the latter. “Yes, b & n will capitalize,” said the spokesman.

As stated earlier, the head of the Central Bank Elvira Nabiullina, the regulator took the decision to combine rehabilitated “FC Opening” and Binbank.

To rehabilitation “FC Opening” was announced in August 2017. The Bank became the first credit institution in the Fund’s portfolio of consolidation of the banking sector established by the Central Bank. On reorganization of the Bank through the new structure, the regulator announced in September.