By year’s end, ROSSELKHOZBANK’s equity capital may rise by R5.7 billion, which were envisaged in the 2008 budget, said Russian agriculture minister Alexei Gordeyev. The funds are required by the bank to open a large number of branches and additional offices in order to meet the CBR’s capital adequacy requirements. The bank’s equity capital currently stands at R21b.
Source: WWW.KOMMERSANT.RU, September 26, 2007
