Bank of Moscow is not as bad as VTB portrays it to be

Izvestia

This article in Izvestia discusses whether the provision of financial aid to Bank of Moscow by the state is really that necessary. Izvestia argues that the whole situation with Bank of Moscow brings a strong feeling of déjà vu. They provide the following example. In 2004 VTB (then Vneshtorgbank) took under control Guta Bank (nowadays the retail business of VTB – VTB 24). Izvestia says it is “interesting” that back then the Central Bank gave $700 million to rescue this credit institution and the same Mikhael Kuzovlev, who in 2011 took over the steering wheel of Bank of Moscow, was appointed Chairman of the Board of Directors of Guta Bank.Известия

Государство выделяет деньги на оздоровление столичного банка. Так ли это необходимо?