March 20, 2019 / 6:36 PM / a month ago

Russian c.bank auction format may change after Asian-Pacific auction cancelled - official

MOSCOW, March 20 (Reuters) - Alexander Zhdanov, head of the Russian central bank’s financial resolution department, said on Wednesday it was considering changing its auction format after it cancelled an auction of Asian-Pacific Bank (APB) earlier this month.

The central bank, which bailed out the mid-sized lender last year, has said it would sell it in 2020. (Reporting by Tatiana Voronova; Writing by Gabrielle Tétrault-Farber)

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