Energomashbank held an EGM on September 3, 2008 that decided to increase the lending institution’s charter capital through the placement of a 10th issue of additional registered shares, the lender’s press service reported.

Energomashbank intends to float 4 mln shares with Rub 1.00 par value each. The shares are scheduled for placement among the bank’s shareholders via closed subscription. The placement price will be Rub 20.00 per common share.

The SPO will increase the lending institution’s equity capital by Rub 80 mln (Rub 485.29 mln as of September 1, 2008).

According to the data from news agency Banki.ru and Interfax-CEA, net assets of Energomashbank stand at Rub 4.07 bln (324th place in Russia). The lending institution is a member of the national deposit insurance system.