Khanty-Mansiysky Bank closed down Yekaterinburg office

Deputy Governor of Khanty-Mansiysky Autonomous Region Yugra Vera Dyudina left her office as BOD Chair of Khanty-Mansiysky Bank. The Board of Directors is now chaired by Alexander Murychev, Executive Vice President of the Russian Union of Industrialists and Employers and Chairman of the Association of Regional Russian Banks’ Board.

ОAO Khanty-Mansiysky Bank’s Board of Directors suggested that the stockholders vote for passing last year’s dividends at the upcoming general meeting. The AGM will be held on April 15, 2011 in Khanty-Mansiysk. The other points on the agenda concern remuneration and expense compensations to the bank’s independent BOD members.

Russia’s Federal Antimonopoly Service approved of the petition placed by OOO KN Estate (based in Moscow and dealing in property rentals) for purchasing 31.3% of Khanty-Mansiysky Bank’s voting shares, which, combined with the voting shares the company had bought earlier, would result in a 51.29% shareholding in the bank, the FAS’s website reports. Incidentally, the decision as to on which terms Khanty-Mansiysky Bank (currently the property of Khanty-Mansiysky Autonomous Region Yugra) is to be privatized will be taken in the nearest future.

Nomos-Bank, which accumulated 51.3% of Khanty-Mansiysky Bank’s shares in 2010, is considering buying out the remainder of the stock provided that the share price is appealing, the bank’s IPO memorandum states. ‘It’s possible that we will acquire the remainder of the shares in Khanty-Mansiysky Bank at a good price. Nomos-Bank is planning to buy the shareholding belonging to Khanty-Mansiysky Autonomous Region-Yugra,’ the memorandum says. Khanty-Mansiysky Autonomous Region-Yugra currently owns a 44.20% shareholding in the bank.

The government of Khanty-Mansiysky Autonomous Region Yugra decided in the course of a recent meeting chaired by Governor Natalya Komarova that the shares of Khanty-Mansiysky Bank which currently belong to the region must be privatized through a sale. The region currently holds a 44.2% stake in the bank’s authorized capital. Yugra’s shares are estimated at 12.77bn RUR. This will be the opening bid at the auction; every next bid must exceed the previous one by 638.75m RUR. The auction has been scheduled for September 28, 2012.