SLAVINVESTBANK (Moscow, subsidiary of Kazakhstan’s TURANALEM bank) has raised the equity capital from R3.8 to R5.2 billion. That decision was made at a general meeting of bank participants on August 24, 2007. The capital growth was due to additional contributions by bank owners. The bank’s near term goals include active development of retail business, expanding regional presence, including opening eight offices next year.

Source: BANKIR.RU, November 29, 2007