February 21, 2018 / 9:13 AM / 4 months ago

BRIEF-‍Moody's Says Recapitalization Of Failed Russian Banks Is Credit Positive, But Challenges Remain​

Feb 21 (Reuters) - Moody’s -

* RECAPITALIZATION OF FAILED RUSSIAN BANKS IS CREDIT POSITIVE, BUT CHALLENGES REMAIN​

* SUPPORT FROM CENTRAL BANK OF RUSSIA TO ALLOW BANKS TO MEET MINIMUM CAPITAL REQUIREMENTS, GIVE SUFFICIENT CAPITAL BUFFERS TO ABSORB LOSSES

* ‍CBR ESTIMATES TOTAL RECAPITALIZATION COST TO EXCEED RUB1 TRILLION, EQUIVALENT TO OVER 20% OF THREE BANKS’ COMBINED ASSETS PRIOR TO BAILOUTS Source text for Eikon: (Bengaluru Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below