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Sovcombank ready to participate in NSPC privatization

An opportunity is now provided for the Bank of Russia to sell a stake of 50% minus one share by the Central Bank in the market

ST. PETERSBURG, July 3. /TASS/. Sovcombank is ready to take part in privatization of the National System of Payment Cards (NSPC), the press service of the bank told TASS.

"We are ready to participate," the credit institution said.

The Bank of Russia plans to perform the market valuation of NSPC by the end of this year, department director Alla Bakina said earlier. An opportunity is now provided for the Bank of Russia to sell a stake of 50% minus one share by the Central Bank in the market.