On behalf of the Deposit Insurance Agency, debt obligations of individuals secured by guarantees and real estate in Moscow and the Moscow region were exposed on the ETP RAD. The total value of assets is estimated at 2.2 billion rubles. This is stated in the message of the auction house.
Bidding in the form of an open auction will take place on August 3. The obligations of debtors of M2M Privat Bank are sold in 9 separate lots worth from 14.9 million rubles to 956.6 million rubles.
The Central Bank revoked the license for banking operations from M2M Privet Bank in 2016 due to the fact that the credit institution placed funds in low-quality assets and did not create adequate reserves for accepted risks, as well as failed to ensure timely fulfillment of obligations to creditors.
