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Halyk Bank ups capital of Russian subsidiary

JSC Halyk Savings Bank of Kazakhstan provided a 3 billion ruble capital boost for Russian unit Commercial Bank Moskommertsbank JSC.

The capital increase was completed under the international financial recovery standards and will be finalized by the end of 2019 under the Russian accounting standards, Halyk Bank noted.

As of Dec. 19, US$1 was equivalent to 62.35 Russian rubles.