Source: Russia’s Jugra bank rejects OFZ capital increase mechanism

MOSCOW, Mar 31 (PRIME) -- Russia’ Bank Jugra has rejected to receive additional capital through OFZ federal bonds, a banking source told reporters Thursday.

“According to my data, Bank Jugra has rejected the capital increase (through the OFZ federal bonds),” the source said.

In January, Deputy Finance Minister Alexei Moiseyev said that the bank will have to reduce the share of loans to shareholders in the loan portfolio in order to qualify for the program.

As of late 2015, Russia’s Deposit Insurance Agency (DIA) supported 25 largest banks under a government’s order by granting them 802.7 billion rubles of OFZ bonds.

(67.6076 rubles – U.S. $1)

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