RIA NOVOSTI. Probusinessbank has increased its equity position in the charter capital of Ekaterinburg-based Bank24.ru, which it is to rehabilitate, to 99.5% from 20%, Probusinessbank said in a statement.
Probusinessbank acquired a 20% common interest in Bank24.ru in early December 2008. For the record, the latter, a big lender in the Sverdlovsk region, suffered problems because of short liquidity. Later on Probusinessbank entered into an agreement with the Deposit Insurance Agency (DIA) on the rehabilitation of the Ekaterinburg-headquartered lending institution. In line with the agreement, DIA should provide Probusinessbank with financial support to rehabilitate Bank24.ru, taking in the meantime a set of measures to supervise the course of the rehabilitation process.
Probusinessbank was incorporated in 1993 and is a head company of banking group Life.
