IFC Bank improved the quality of capital

22 November

As a result of converting a subordinated loan equal to USD 15 mln. into capital of JSC JSCB “INTERNATIONAL FINANCIAL CLUB” (hereinafter the IFC Bank), RUB 0.9 bln. was received as a contribution to assets. Shareholders take these measures as part of improving the quality of capital and in order to ensure a margin of safety for the IFC Bank.