The core capital adequacy ratio (N1.1) of Russia’s second-largest state-controlled bank VTB fell to 5.31% at the beginning of September 2024, close to the regulatory minimum of 4.5% excluding surcharges, Kommersant daily reports citing the bank’s financial reports. VTB’s capital adequacy ratios at the beginning of September 2024 are the lowest among all banks except those under bailout procedure. The ratio has been declining for six consecutive months, down by 1.3 percentage points, and came close to the threshold (5.125%) which is followed by a write-off of subordinated loans. Kommersant remi…