Russia's Central Bank to Begin Consultations with Potential NSPK Buyers in October
Bank of Russia Governor Elvira Nabiullina says the central bank is discussing the potential sale of a significant stake in the National Payment Card System.
The Bank of Russia plans to begin consultations with potential buyers of a stake in the National Payment Card System (NSPK) starting in October, according to central bank Governor Elvira Nabiullina.
Nabiullina said the central bank is actively discussing the possible sale of what she described as a fairly large stake in NSPK, though further details on the size of the stake or potential buyers were not disclosed.
NSPK operates Russia's domestic payment card system, which has taken on greater significance following the country's reduced access to international payment networks.
Further details on the timeline and structure of any sale are expected to emerge as consultations with potential buyers proceed.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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