SKB-Bank’s authorized capital to grow 35%

18 February 2008 (09:05)

SKB-Bank’s Board of Directors approved of the decision taken at the extraordinary general meeting regarding the increase in the bank’s authorized capital. The capital is to be raised by 35% and will thus reach 1,822,775,000 RUR, the bank’s press officer reports. This is expected to be done through an additional share issue of 471,630,000 ordinary shares with face value of 1 RUR each. The share price was determined by the BOD at 3.7 RUR apiece.

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