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BRIEF-B&N BANK Says Shareholders Make Decision Necessary To Write Off Subordinated Liabilities
December 1, 2017 / 12:13 PM / in 10 days

BRIEF-B&N BANK Says Shareholders Make Decision Necessary To Write Off Subordinated Liabilities

Dec 1 (Reuters) - B&N BANK:

* SAYS ITS SHAREHOLDERS DECIDED ON THURSDAY TO USE UNDISTRIBUTED PROFIT OF 17.6 BILLION ROUBLES AND SHARE PREMIUM OF 25.3 BILLION ROUBLES TO COVER THE BANK‘S LOSSES

* THE DECISION, IN ACCORDANCE WITH REGULATION OF THE CENTRAL BANK OF RUSSIA, IS NECESSARY FOR THE TERMINATION OF LIABILITIES UNDER SUBORDINATED LOANS

Source text: bit.ly/2AyedP8

Further company coverage: (Gdynia Newsroom)

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