Cbank says Asian-Pacific BankТs capital adequacy below 2% - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Cbank says Asian-Pacific BankТs capital adequacy below 2%

MOSCOW, Jun 21 (PRIME) -- The capital adequacy ratio of Asian-Pacific Bank has fallen below 2% for a total of six or more operating days over the past 30 consecutive operating days, the central bank said in a statement on Thursday.

The event is a trigger for a write-off or conversion of subordinated debt of the bank.

In April, the central bank mandated the Banking Sector Consolidation Fund as an interim administration at Asian-Pacific Bank, ranked 60th by assets as of April 1, but did not introduce a moratorium on meeting creditorsТ demands. The central bank decided to bail out Asian-Pacific Bank as the bankТs capital decreased by over 30%, while the bank has social importance in the Far East and Siberia, the regulator said then.

End

21.06.2018 19:34
 
 
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