Bashkortostan stake in Sotsinvestbank will amount to 25 percent

UFA, 17 June 2016. /Bashinform News Agency, Sergey Zakharov/. The authorization of the Central Bank RF on Bashkortostan participation in the capital of Sotsinvestbank is received. The share of the republic will be 25 percent. This was discussed at a meeting of Prime Minister of the Government of Bashkortostan Rustem Mardanov with the chairman of the "Russian Capital" Bank Mikhail Kuzovlev at the St. Petersburg International Economic Forum.

In 2015, at a meeting with the Head of Bashkortostan Rustem Khamitov an agreement was reached that the "Russian Capital" Bank would rehabilitate and give a new impetus to the development of Sotsinvestbank. Today the results of these agreements execution were announced and the prospects of the bank's participation in further projects on housing and communal services reform in the republic, housing programs implementation and participation in the program of housing savings were discussed, the press service of the Government RB informs.

The Bank is actively involved in a number of projects of socio-economic development of the republic. In particular, the heat supply system reform project in Tuymazy and villages of Tuymazy regions is realized with the Sotsinvestbank financial participation and Utilities Reform Facilitation Fund. The project should be implemented in September 2016.

In addition, the bank credited the construction of Zatonsky bridge in Ufa.