16 June 2004 22:49
CreditTrust, National Capital to sign agreement
MOSCOW. June 16 (Interfax) - CreditTrust Bank, which declared voluntary bankruptcy at the start of June, followed by
a change of owner, plans to sign a debt transfer agreement with Russia's National Capital Bank.
CreditTrust said in an official statement that this issue was discussed at an extraordinary meeting of the
bank's shareholders on June 11, but the results of a vote were not shown.
CreditTrust CEO Alexander Timofeyev, who signed the minutes of the meeting, refused to comment on this issue to
Interfax.
At the same time, the bank's Internet site has an announcement from bank management to clients saying that at
the moment Credit Trust management is analyzing the situation at the bank. "In connection with this we consider it
necessary to inform all clients and depositors that all information connected with the bank meeting its obligations to
them will be published only after being agreed with the Central Bank," the statement said.
National Capital Bank, which is in 250th place on the Interfax-100 rating of Russia's top banks, was set up in
1992 and has changed its name three times - Rosdenibank, later Denibank and then New Merchant- Investment Commercial
Bank.
According to the bank's quarterly report, as of April 1 its shareholders included ZAO Grand Central (16.4%), ZAO
Multitrans (18.5%), ZAO Design Dedal (17.9%), ZAO Primetex (14%), ZAO Vitor (13.8%), ZAO Nordix M (12.2%) and ZAO Batorg
(6%). [RU EUROPE ASIA EEU EMRG BNK CEN] rd <>
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