Tatfondbank has completed the placement of additional shares worth Rub 2 bln via open subscription. As the lending institution said in a press release, the main purchaser of these additional shares is Tatagroleasing, the bank’s current shareholder that is 100% owned by the Republic of Tatarstan. After the SPO report is registered by CBR, the lender’s charter capital will come to Rub 7.3 bln and the state’s interest in the charter capital will rise to nearly 31%. Thus, the regional government is to consolidate a blocking stake in the bank.
According to the data from news agency Banki.ru and Interfax-CEA, as of July 1, 2008 net assets of Tatfondbank stood at Rub 43.69 bln (65th place in Russia). The lending institution is a member of the national deposit insurance system.
