Bank of Russia: On declined capital adequacy ratio of common equity Tier 1 of a credit institution (4/25/2016)
OREANDA-NEWS. Pursuant to requirements of Clauses 2.3.4 and 184.108.40.206.2 of Bank of Russia Regulation No. 395-P, dated 28 December 2012, ‘On the Methodology for Measuring Bank Capital and Assessing its Adequacy (Basel III)’, the Bank of Russia informs that according to the financial statements of the credit institution JSCB VEK JSC (Registration No. 2299) as of 7 April 2016 the credit institution’s common equity Tier 1 capital ratio (N1.1 ratio) was below the level specified in Paragraph 11 of Clause 220.127.116.11.2 of the Regulation for a total of six and more business days within 30 consecutive business days.