MOSCOW (Reuters) - Russia’s Credit Bank of Moscow (MCB), which was recently included by the central bank in a list of systemically important banks, does not see a risk of direct losses from the problems facing its peer, B&N Bank, it said in an email.
“There is no risk of direct losses for MCB. Only the overall negative market environment may have an effect (on the bank). MCB does not have a risk exposure to B&N bank,” the bank said in reply for a request for a comment.
B&N has asked the central bank for a bailout but a decision is yet to be made. A B&N bailout, if approved, would be the second major bailout in less than a month.
Reporting by Kira Zavyalova; writing by Katya Golubkova; Editing by Christian Lowe