The Khanty-Mansiysk Bank Will Increase the Share Capital to 10.5 Billion Roubles

04.07.2009 — News

UGRA.

The Khanty-Mansiysk Bank is preparing for an additional stock issue of 3.5 billion roubles. This will allow for the increase of the largest Ugra bank's share capital to 10.5 billion roubles.

Shares will be purchased through a private offering by the existing shareholders of the Khanty-Mansiysk Bank - OOO East Capital and OOO Ferrosplav Invest. After this the share of the principal shareholder, the Ugra Government, will drop from 66.3 to 44%.

RusBusinessNews was informed by the Khanty-Mansiysk Bank that the question of the additional stock issue will be considered at a special general shareholders' meeting on 27 July. The increase of the share capital will let the bank get the subordinated 10 year loan from Vnesheconombank and achieve the capitalisation of 1 billion dollars.