Russian Central Bank approves list of systemically important banks

The Russian Central Bank has approved the list of the top 10 systemically important banks.

The list includes UniCredit Bank, Gazprombank, VTB, Alfa Bank, Sberbank, Otkritie Bank, Rosbank, Promsvyazbank, Raiffeisenbank and the Russian Agricultural Bank.
Their shares account for over 60% of the total assets of the Russian banking sector.

These banks will be subjected to additional equity and liquidity requirements in accordance with theBasel III international standard, TASS reports.