On Thursday, June 19, Mosstroyeconombank held an AGM that was chaired by First Deputy Mayor of Moscow Vladimir Resin, the lending institutions press service reported. The meeting decided to pay out 2007 dividends of Rub 100.00 per preferred share with Rub 500.00 par value each and common share with Rub 1,000 par value each. Whats more, a decision was taken to accumulate funds and triple the par value of the securities, which will allow the bank to up its charter capital from Rub 400 mln to Rub 1.2 bln.
According to the data from news agency Banki.ru and Interfax-CEA, net assets of Mosstroyeconobank equal Rub 11.42 bln (150th place in Russia). The bank is a member of the national deposit insurance system. At present, the lending institutions general management is carried out by the supervisory council, whose chairman is Vladimir Resin, First Deputy Mayor of Moscow at City Hall, the Head of the Complex for Architecture, Construction, Development and Reconstruction of the city of Moscow.