NPF Buduscheye


Before the rehabilitation of Otkritie, its shares had been bought by Trust Bank for 40 billion rubles


Those who have not redeemed the shares, won't get the money, the Central Bank explained.

Buduscheye pension fund will have to sell assets for 14 billion rubles.


RAEX downgraded NPF Buduscheye, having found that its portfolio assets do not meet the requirements of pension legislation. The fund will have to sell these papers, which may adversely affect its capitalization.