An extraordinary general meeting of SKB-Bank shareholders was conducted on January 29, 2007. The meeting resulted in the decision to raise the bank’s authorized capital up to 1,351,145,000 RUR through an additional issue of 351,145,000 ordinary registered non-certificated shares with face value of 1 RUR each. This means that the authorized capital of SKB-Bank is to go up 35%. The shares will be sold at 2.57 RUR (this applies to individuals with pre-emption right, too). They will be floated through close subscription; the European Bank for Reconstruction and Development is one of the likely buyers of the issue, reports the spokesperson for SKB-Bank.