Sputnik — Russia Increases RNCB Authorized Capital to Promote Crimea Investment

The Russian government has increased the authorized capital of the Russian National Commercial Bank (RNCB) by 15 billion rubles ($264.8 million) to facilitate the implementation of investment projects in Crimea.

"The decision will allow the RNCB to ensure the implementation of major investment projects, the stable functioning of the credit and financial system, the satisfaction of business and population demand for quality banking and related financial products and services, will contribute to the growth of Crimea’s economy," a statement released by the Russian Cabinet on Thursday says.

Sputnik International
Russia Increases RNCB Authorized Capital to Promote Crimea Investment