On declined capital adequacy ratio of common equity Tier 1 of a credit institution

Pursuant to requirements of Clauses 2.3.4 and 3.1.8.1.2 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 3.1.8.1.2 of the Regulation for a total of six and more business days within 30 consecutive business days.

The reference to the Press Service is mandatory if you intend to use this material.