INTERFAX. Akibank’s AGM adopted a decision to boost the charter capital by issuing additional shares worth Rub 1.03 bln, the lending institution said in a press release. The bank plans to place 103.1 mln shares at par (Rub 10.00) via closed subscription. Presently, the bank’s charter capital equals Rub 1,569.29 mln and is divided in 156.92 mln common shares with Rub 10.00 par value each. So, the SPO will boost the lender’s charter capital by 65.7% to Rub 2.60 bln.
The June 27 AGM approved 2007 dividend payouts of Rub 0.09 per share of Rub 10.00 par value. For the record, 2006 dividends equaled Rub 0.20 per stock. In other words, 2007 dividends are to be slashed by 2.2 times. Pursuant to the press release, Akibank’s FY07 net profit came to Rub 145.3 mln, of which it was decided to allocate Rub 7.26 mln to the reserve fund, Rub 51.4 mln to the special-purpose fund and Rub 20 mln to the supervisory board’s fund. So, the bank decided to leave Rub 52.10 mln as retained profit.
Currently, the lending institution’s major shareholders are East Capital Explorer Financial Institutions Fund AB (Sweden) (19.99% of the charter capital), Trade & Industrial Company Kama Automobiles (18.96%), ASCO Insurance Group (12.35%) and Dorozhniye Mashiny (12.35%). Tatenergo owns a 2.26% interest, while its subsidiaries, Generating Company and Grid Company, hold 6.24% and 4.52% stakes, respectively. As wired earlier, Akibank’s objective is to ramp up its charter capital to Rub 5 bln by 2010 via SPOs. The higher charter capital aims to bolster the lender’s resource base and broaden the mix of services provided.
In Q108, Akibank ranked 146th in terms of assets among Russian bank in the Interfax-100 ranking, prepared by Interfax-CEA.
