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Rosbank's application for MIEL developer's bankruptcy adjourned

12:33 08/12/2011

MOSCOW, December 8 - RAPSI, Natalia Belova. A court has postponed until December 28 its hearing of Rosbank's bankruptcy application for MIEL Holding's subsidiary, the Russian Legal Information Agency (RAPSI /rapsinews.com) reported from the court on Thursday.

The bankruptcy applications were filed by Rosbank and the First Republic Bank. The court combined two applications into one case.

The court put off the hearing on Thursday as the parties said they are negotiating an amicable agreement and expect to finish it soon.

MIEL Holding was established in October 1990 and was reorganized into a real estate agency in 1993. It currently operates real estate sales, investment, and development businesses.

Rosbank became one of Russia's top five banks in terms of its loan portfolio after merging with BSGV on June 30.

The First Republic Bank was founded in 1992. It is a multi-purpose financial and credit institution.

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Rosbank's application for MIEL developer's bankruptcy adjourned

12:33 08/12/2011 A court has postponed until December 28 its hearing of Rosbank's bankruptcy application for MIEL Holding's subsidiary.
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