Central bank Russian Federation (Bank Russia) notified on trigger operation on subhordes banks "East"

Moscow. April 20. information agency "Interfaks" - Central bank Russian Federation (Bank Russia) notified on trigger operation on the subordinated bonds banks "East". Value of the standard of sufficiency of the basic capital (H1.1) "East" fell lower than 5,125%, the level determined by situation 646-P in total for six and more operational days within 30 consecutive operational days (from March 6 to March 11, 2021), reported the regulator. According to requirements "Basel III" contracts the subordinated loans have to contain a condition about write-off a subhorde at trigger operation (if sufficiency of the capital banks...