Sberbank takes capital punch
Sberbank estimates it will incur a 30-basis point hit to its capital ratio following the adoption of a new loan loss provisioning standard under IFRS 9.
The Russian bank expects a Tier 1 capital depletion of 90.9 billion rubles ($1.6 billion) as a result of the switch, mostly due to the diversion of retained earnings to reserve for expected credit losses under the fresh accounting standard.
Sberbank also reported a 184.4 billion-ruble estimated reduction in risk-weighted assets because of the
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