The Board of Directors of the Russian Deposit Insurance Agency approved the execution of subordinated debt contract with AK BARS Bank

On 28 April, the Board of Directors of the Russian Deposit Insurance Agency (the Agency) approved the execution of subordinated debt contract with AK BARS Bank. As of today, the are eight banks in total approved by the Agency within the option of entering into agreement on the purchase of the banks’ subordinated liabilities.

Previously, AK BARS Bank was included in the list of 27 Russian banks selected by the Agency eligible for capitalization support through federal loan bonds. Implementation of this instrument corresponds to the Bank’s intentions in regard to the capital increase.

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