PRIME informs that PSBR and Vozrozhdenie Bank's Boards of Directors have brought to the attention of the extraordinary shareholders' meetings of each bank the issue of their merger. Promsvyazbank reported that the decisions will be taken by sending out the bulletins before October 26.

As it became known, the issue of "reorganization in the form of the merger of the bank" Vozrozhdenie "(PAO) with PJSC" Promsvyazbank ".

It is reported that Bank Vozrozhdenie was included in the holding company Promsvyazkapital B. (CPM) in 2015. It is specified that up to now, integration processes have been going on between the two banks:

the transition to a single operational and technological platform, the centralization of back-office functions, the unification of the product line and the construction of cross-sales.

According to BIR Analytic, as of July 1, Vozrozhdenie Bank held 34th place in the Russian banking system with assets of 265.3 billion rubles, own funds amounted to 30.5 billion rubles, household deposits - 125.5 billion rubles. Promsvyazbank ranked 10th in the Russian banking system with assets of 1.3 trillion rubles, own funds amounted to 154.2 billion rubles, household deposits - 353.8 billion rubles.