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Bank of Russia completed annual assessment of foreign share in total bank authorised capital

15 February 2017
News

As of 1 January 2017, a foreign interest in the total authorised capital of operating Russian credit institutions accounted for 13.51%. The total value of foreign investments in bank capital was 407.3 billion rubles, while the total bank authorised capital amounted to 2,458.5 billion rubles.

The Bank of Russia calculates and publishes this ratio annually. The calculation procedure is based on Part 4 of Article 18 of the Federal Law ‘On Banks and Banking Activities’.

Preview photo: Rrraum / shutterstock