The Central Bank of Russia chief directorate for the Nizhni Novgorod region has registered reports on new issues of 68,135,000 ordinary and 18,180,000 preferred shares by ELLIPS BANK (Nizhni Novgorod). The par value of each share is R1.0. The new shares will boost the banks equity by 33.9% to R340.855 million. The bulk of shares was placed among bank owners, 23.77% of the new shares was bought by a new shareholder.
Source: BANKI.RU, August 27, 2007