12 banks meet requirements for SRO funds investment – minister
12 banks satisfy the requirements for funds investment of self-regulatory organizations (SROs), said the Minister of Construction, Housing and Utilities of the Russian Federation Mikhail Men.
“We have agreed on the terms the day before yesterday… there will be a limited number of banks with good standing which will be allowed for funds investment of self-regulatory organizations,” said the Minister.
He said that the key and in fact the only requirement is 100 billion rubles as a bank’s registered capital, 12 banks satisfy this requirement. “The document is already in the government, we are waiting it to be signed by Dmitry Medvedev,” the Minister said.