Photo: Alexey kudenko / RIA Novosti
Russian agricultural Bank (Rosselkhozbank) needs additional funds in the capital by 40 billion rubles. Writes about this family-owned Demyan Kudryavtsev, the newspaper “Vedomosti”, citing sources in the Bank and the government.
The money is needed by the agricultural Bank to perform the Bank’s capital adequacy ratio under international standards “Basel III”. At the moment Rosselkhozbank for systemically significant Bank, he is eight percent for common equity, 9.5% and 11.5 in the main, on the common. The Bank complies with all the requirements, but has a balance of doubtful assets in the form of loans, which may require a reassessment that will lead to lower standards.
In this case, to comply with the required capitalization. To conduct it through its own retained earnings, subordinated bonds or additional shares. The first option is not possible due to the low margins of the Bank.
The sole shareholder of Rosselkhozbank — the state represented by Rosimushchestvo. Decision on capital increase, it is not yet adopted. The need for money arises from the Bank is not the first time this year. In may, the Deputy Chairman of the Board of Russian agricultural Bank Kirill Levin spoke of the need to attract 30 billion rubles. 20 of them have already received — at the expense of the bond issue and the additional issue, purchased by the state. Now, according to the government and the Central Bank, the Bank need not 10, but 40 billion.
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