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21 March 2018

B&N Bank’s capital exceeds RUB 100 billion

B&N Bank’s total regulatory capital exceeds RUB 100 billion, ensuring the Bank’s comfortable compliance with all Central Bank of Russia (CBR) regulatory capital adequacy ratios and other mandatory ratios.

To recap, in early March 2018, the CBR approved the recapitalisation of B&N Bank in the amount of RUB 56.9 billion. Following registration of the Bank’s additional share issue, the CBR has become the major shareholder owning more than 99.9% of common shares.

On 15 March 2018, Rost Bank repaid in full interbank loans from B&N Bank, enabling B&N Bank to release provisions against these loans, which also had a positive impact on the Bank’s capital position.

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