The sale of VEB's subsidiaries – Svyaz-Bank and Bank Globex – is planned to be wrapped up in the first half of 2017. VEB chief executive Sergey Gorkov told journalists in Sochi.
He went on to say that the parties that are interested in buying these assets could wrap up due diligence in late November 2016, and at that time VEB expects to obtain indicative offers.
The shortlist of contenders should be compiled as early as next year, Gorkov added.
"We perform as scheduled (as specified in the asset sale program – editorial note), and expect to close the deals in the first half," Gorkov said when asked by journalists about any exact timeframe for the sale of Svyaz-Bank and Bank Globex.
Banki.ru previously reported that three companies, with Russian Railways-controlled private pension fund Blagosostoyanie being one of them, are willing to pick up VEB's two banks.