Personal money of the managers will be spent to save the bank.
In the opinion of Vasily Pozdyshev, the deputy head of the Central Bank of the Russian Federation, the bank's administration simply "misjudged the risks".
Over the last nine years, the Otkritie Group with the governmental help has become the largest player in the banking market.
The Russian banking system is gradually devolving into a "black hole" that devours the state money at a rate of trillion rubles a year without any signs of stabilization.
It sounds like an ultimatum: if the Bank of Russia does not withdraw $109 billion invested in US debt obligations and does not transfer them to securities in Europe and China, the Federation Council will have to go back to the question of its nationalization.
Does the Central Bank of Russia pass sentences for banks in exchange for money?
The bank's depositors are to be paid 170 billion rubles.
The DIA introduced a temporary administration in the bank.