Postal Plans for Svyazbank
Russia plans to secure the future of bankruptcy escapee Svyazbank by turning it into a postal bank with twice as many branches as .
“At a meeting of the supervisory board of VEB on Dec. 17, 2009, the strategy of development for Svyazbank was approved, which features the creation of a Russian Federation Post Bank on the basis of Svyazbank and with the participation of Russian Post,” VEB said late Thursday.
(Reuters)








