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RUSSIA'S ECONOMY

Official says 6 out of 160 Russian banks may have problems with capital adequacy ratio

Russian banks will start using Basel Agreement standards from January 1, 2016, which provide for the total capital sufficiency of 8% instead of 10% effective at present

© Sergei Konkov/TASS

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MOSCOW, November 10. /TASS/. Experts of the Bank of Russia believe six out of 160 Russian banks may hypothetically experience difficulties with meeting the capital adequacy ratio, First Deputy Chairman of the Central Bank Alexey Simanovskiy said on Tuesday.

Russian banks will start using Basel Agreement standards from January 1, 2016, which provide for the total capital sufficiency of 8% instead of 10% effective at present, he added.

"Only six banks out of 160 subjected to the assessment have some complications with meeting the capital adequacy ratio. This is a very small portion of banks," Simanovskiy said.

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