Deposit Insurance Agency, the state corporation, reports a general agreement has been signed by the agency, Bank24.ru, and Probusinessbank regarding the terms and the order of the three parties’ interaction in the course of Bank24.ru’s financial recovery.

The agreement states that Probusinessbank, the investor, is to buy enough shares of Bank24.ru to be able to do the necessary decision-making. At the same time, the investor is to fully meet its obligations as to Bank24.ru’s financial recovery and thus to restore the bank’s financial development indicators to the level required by the Bank of Russia’s rules and the federal legislation.

Deposit Insurance Agency, in its turn, is to provide Probusinessbank with financial aid needed for Bank24.ru’s financial recovery and to monitor the implementation of the plan by both other parties involved.