Yaroslavich of CB

History

2015: Declaration of entry into the structure of Verkhnevolzhsky bank

In July, 2015 it became known that the Board of Directors of Yaroslavich bank recommended to shareholder meeting to make the decision on reorganization of bank in the form of accession to Verkhnevolzhsky bank. Such information contains in materials of credit institution. It was announced that shareholder meeting at which reorganization conditions and also an order of conversion of stocks of bank into stocks of the attaching bank will be approved was appointed to September 21, 2015. Similar decisions were made today also by Board of Directors of Upper Volga to which accession is planned. Shareholders of Upper Volga will gather for an extraordinary meeting on September 7, 2015.

As it appears from the messages published on the website of Yaroslavich bank after consolidation and state registration of corresponding changes the credit institution will carry the name the Upper Volga Bank (VVB) and to be based in Sevastopol.

"All these changes, including increase in the capital, are aimed at the development and integration of bank, increase in its financial stability and reliability. Shareholders of bank want to make the contribution to development of the Crimea, to be active participants in implementation of policy of the Government of the Russian Federation in this direction", says^[1].

The Yaroslavich bank provides all range of services for legal entities and physical persons at this time, is a participant of deposit insurance system. In addition to Yaroslavl, offices of bank are located in Moscow, Rybinsk and Tutaev of the Yaroslavl region.

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