B&N Bank is accredited as agency bank by State Deposit Insurance Agency

B&N Bank is accredited as agency bank by State Deposit Insurance Agency

On March 19^th, 2009 State Deposit Insurance Agency (DIA) accredited B&N Bank as its agency bank. This status enables the Bank to participate in auctions for selection of agency banks through which DIA can make insurance indemnities and settle accounts with the lenders of those banks where the insured event occurs.

Sergey Gorasheko, First Vice-President, noted that DIA’s decision to accredit the Bank under this program was the evidence of the Bank’s reliability and its stable position in the financial market. He also added that the Bank had vast experience in retail business, expanded sales network and good liquidity position with CBR prudential ratios governing capital adequacy and liquidity at the level considerably better than satisfied.

We would like to remind that B&N Bank has been a participant of the Obligatory Deposit Insurance System since January 11, 2005.

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