The management of OAO Bank24.ru (Life Group’s asset) announced the potential closing down of the bank’s subsidiaries in Yekaterinburg.

‘What matters to us is that a subsidiary should make a profit. If this is not the case, it’s actually easier to close it down and strengthen another one with the released resources,’ Bank24.ru’s Deputy Chairman of the Supervisory Board Boris Dyakonov said at a recent press conference.

Boris Dyakonov did not specify which offices were to stop operating.