New pref shares may boost tier one ratios, but Russian banks need more

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New pref shares may boost tier one ratios, but Russian banks need more

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With Russian banks increasingly worried about their capital structures, their newly approved right to convert subordinated bonds received from VEB in 2008 into preferred shares may ease the pressure, says Fitch Ratings. However, the rating agency stresses that further measures may be needed to support the banks’ capitalisation in the longer term.

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