As a result of placing of additional shares issue “ORGRESBANK”, JSB, increased the equity capital to 3,8 Mld. Roubles, as of April 1, 2008, the amount thereof made up more than 10 Mld. Roubles.
Additional issue of shares was placed at the private subscription in favour of the principal bank shareholder – Nordea Group. Total of 24 040 common nominal uncertified shares were issued. Price of placement of one share is set at the rate of 158 860,48 Roubles.
After registration of the results of placement Nordea Group became the holder of more than 83% of shares of “ORGRESBANK”, JSB, the share of the European Bank for Reconstruction and Development made up appr. 8,85%. The rest share holding was distributed among the Bank top managers.
Considerable growth of the equity capital allowed “ORGRESBANK”, JSB, to be included into 30 major banks of Russia in this index.
Increase of the bank equity capital is connected with the considerable assets growth, as well as with growth of volumes of servicing of the largest Russian and foreign companies. It testifies to the serious strengthening of the Bank market position and allows to develop the key directions of activity even more successfully, increase the investment portfolio and number of clients.