The Chief Directorate of the Central Bank of Russia in Saint Petersburg registered a 10th additional issue of Energomashbank’s common shares, the lending institution said in a press release. The bank intends to issue 4 mln stocks with Rub 1.00 par value each. The placement price will be Rub 20.00 per common share.
The additional share issue will boost the banks equity capital by Rub 80 mln. As of October 1, 2008 it stood at Rub 490.2 mln.
According to the data from news agency Banki.ru and Interfax-CEA, as of July 1, 2008 net assets of Energomashbank stood at Rub 4.07 bln (324th place in Russia). The lending institution is a member of the national deposit insurance system.