The authorized capital of Yandex subsidiary bank increased to ₽560 million from ₽310 million. The increase in capitalization is a standard procedure for the bank's development, the company's press service told Interfax. Yandex Bank's assets at the end of 2022 amounted to ₽8.9 billion, increasing almost fivefold, according to its published RAS statements. Its equity reached ₽7.2 billion at the end of the year, showing a 6-fold growth.
The authorized capital of Yandex subsidiary bank increased to ₽560 million from ₽310 million. The increase in capitalization is a standard procedure for the bank's development, the company's press service told Interfax. Yandex Bank's assets at the end of 2022 amounted to ₽8.9 billion, increasing almost fivefold, according to its published RAS statements. Its equity reached ₽7.2 billion at the end of the year, showing a 6-fold growth. 
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