The Central Bank of Russia (CBR) wants all Russian banks that have more than R2.5 billion in equity capital to be reorganised as open joint-stock companies. The CBR looks to obligate these banks to launch not less than 10% of their shares on the exchange. There are 67 credit organisations in Russia with the capital of over R2.5b, and 44 of them operate as open joint-stock companies.
Source: GAZETA.RU, April 3, 2006
