Bank of Russia takes measures to improve financial resilience of Asian-Pacific Bank PJSC

The Bank of Russia approved amendments to the plan of its participation in bankruptcy prevention measures for Asian-Pacific Bank PJSC (Reg. No. 1810), hereinafter referred to as the Bank. These measures provide for the Bank of Russia to allocate 9.0 billion rubles to recapitalise the Bank. These funds are earmarked for purchasing a follow-on equity offering of Asian-Pacific Bank PJSC, as a result of which the Bank of Russia will own over 99.9% of the Bank’s ordinary shares.

Following the Bank of Russia’s purchase of the Bank’s equity offering the latter will become compliant with capital adequacy ratios and capital buffers.

The funds allocated by the Bank of Russia earlier to maintain the Bank’s liquidity as part of bankruptcy prevention measures were reimbursed by the Bank in full in accordance with the established terms and conditions.

Plans are afoot to sell Asian-Pacific Bank PJSC to a new investor.

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