Shareholders have increased the capital of JSC JSCB “INTERNATIONAL FINANCIAL CLUB”

2 September

As part of measures aimed at improving the quality of assets of JSC JSCB “INTERNATIONAL FINANCIAL CLUB” (hereinafter the Bank) and reducing its banking risks and also with the purpose to support the Bank its shareholders bought out the Bank’s bad assets for around RUB 7 bln.

“The shareholders provide a sufficient support to the Bank. At the first stage, in May 2016 the Bank received financial assistance that was directly allocated to the Bank’s capital. Bad loans are bought out as part of the Bank’s loan portfolio improvement work,” Igor Antonov, the Chairman of the Management Board of JSC JSCB “INTERNATIONAL FINANCIAL CLUB”, stated.