Bank Renaissance registered amendments to its constituent documents due to the upsizing of its charter capital by Rub 130 mln, which now equals Rub 279.95 mln. As the lending institution said in a press release, the plan is to boost the charter capital by another Rub 280—290 mln in the next six months.

The upsized charter capital will enable the bank to ramp up volumes of credit operations, first and foremost, mortgage and SME lending.

According to the data from news agency Banki.ru and Interfax-CEA, as of July 1, 2008 net assets of Bank Renaissance stood at Rub 799.79 mln (714th place in Russia). The lending institution is a member of the national deposit insurance system.