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. Last Updated: 07/27/2016

Bank Sells Property

MOSCOW () -- Tver-based Tveruniversalbank, which saw its license canceled in late July, has started to sell its Moscow property, Interfax reported Monday.

It quoted senior bank officials as saying the institution will sell 18 offices totaling about 4,500 square meters. The sources declined to indicate how much the bank hopes to get for its property. Independent experts estimate the value at $25 million to $30 million.