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Bank International Financial Club completes 3B-Russian-ruble capital hike

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Bank International Financial Club completes 3B-Russian-ruble capital hike

's shareholders contributed 3 billionRussian rubles to bolster the lender's capital.

Thecapital injection was carried out with the consent of the Russian central bankas part of a 5 billion ruble additional capitalization plan prepared for thebank.

Thelender said in March that the capital hike would be carried out via theissuance of additional shares, and will help it to ensure it has sufficientcapital adequacy in turbulent market conditions.

As of April 28, US$1 wasequivalent to 64.57 Russian rubles.