Owners of Moscow Industrial Bank to inject 3.5 bln rbl into bank - 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

Owners of Moscow Industrial Bank to inject 3.5 bln rbl into bank

MOSCOW, Feb 12 (PRIME) -- The shareholders of Moscow Industrial Bank, RussiaТs 30th largest by assets, will make an un-remunerable 3.5 billion ruble contribution into the capital of the bank until the end of March money to develop its business and to raise loan provision, a representative of the bank told PRIME on Monday.

Maxim Osadchy, director of the research department at Corporate Finance Bank, said that banks use ownersТ contributions to replenish capital and compensate the negative impact of losses on capital. The measure is rare because the central bank is not exactly happy when banks resort to it.

According to financial reports of Moscow Industrial Bank, its owners contributed 6.2 billion rubles to the bankТs capital in 2017, when it received a 4.6 billion ruble net loss as calculated under Russian Accounting Standards (RAS).

(58.1718 rubles Ц U.S. $1)


12.02.2018 13:53
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 75.3218 +0.4196 20 nov
USD 66.0081 +0.0150 20 nov
Stock Market Indices
1D 1W 1M 1Y
rtsi 1133.63 -0.18 10:46 20 nov
micex 2360.55 -0.56 10:45 20 nov
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 153.14 -0.62 10:30 20 nov
lkoh 4796.00 -1.02 10:30 20 nov
rosn 421.75 -0.55 10:30 20 nov
sber 197.06 -0.47 10:30 20 nov
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 75.1775 -0.0725 10:28 20 nov
USDTD 65.6350 - 10:28 20 nov