The Bank of Russia has calculated the amount of participation foreign capital in the aggregate Charter capital of credit and insurance organizations

The amount of participation of foreign capital in the aggregate Charter capital of credit organizations licensed to perform banking operations as of 1 January 2020, made up 11.79%, in the aggregate Charter capital of insurance organizations of 10.83%. The Bank of Russia annually calculates and publishes the index in accordance with the requirements of the legislation.

Foreign investment is calculated for purposes of determining the amount of participation in the aggregate Charter capital of credit institutions amounted to RUB 340 billion, their aggregate authorized capital — 2,885 trillion rubles.

Foreign investment is calculated to determine the amount of participation in the aggregate Charter capital of insurance organizations amounted to 23.7 billion rubles, and their total authorized capital — 218,9 billion.

For the first time in accordance with the legislation in determining the amount of foreign capital on January 1, 2020, shall not include foreign investment is 51 or more percent of shares (shares) of the share capital, made after 1 January 2007, subject to finding of the specified shares (participatory interest) in property of the investor within 12 years or more.

Excluding specified exemptions, the amount of participation of foreign capital in the aggregate Charter capital of credit institutions amounted to was 11.94%, in the aggregate Charter capital of insurance organizations of 10.86%.

14 Feb 2020