METCOMBANK’s latest EGM resulted in the decision to go through with an additional share issue in 2009. This is expected to raise the bank’s authorized capital by 2 billion RUR; with the issue’s total volume coming to 4 billion RUR.

The spokesperson for the bank reports METCOMBANK will thus be able to reach the scale of Russia’s Top 50 banks in terms of capital volume (and in terms of asset volume, potentially). The increase in capital will also widen the bank’s business development and lending opportunities.