Tatagroprombank has more than doubled its charter capital (from Rub 217.07 mln to Rub 437.07 mln). The relevant changes, still not reflected on the websites of the Central Bank of Russia and the bank itself, were fixed in the Unified State Register of Legal Entities in early March.
Novaya neftekhimia LLC contributed an additional Rub 220 mln to Tatagroprombank's charter capital, thereby getting a stake of 50.33%. The bank's previous participants (six limited liability companies controlled by individuals) reduced their stakes accordingly. Four of these companies held 20% each, a stake of one company was equal to 19.84%, and now their holdings equal 9.93% and 9.85%, respectively.
To remind, Novaya neftekhimia is Tatfondbank's largest shareholder (20.24%), and under a rehabilitation program that started in May 2014 it is the sole owner of Tiber Bank (former BTA-Kazan).
Also, 72.2% of Novaya neftekhimia, in turn, is controlled by Robert Musin, TFB Holding LLC director, board member and former Tatfondbank management board chairman who may soon return to this position.
The media wired in February that Tatfondbank and Tatagroprombank teamed up to executed a first project in Russia to set up a 100% Islamic lending institution that should commence operations after March 20. This entity (Center of Partnership Banking) is expected to operate as a branch of Tatagroprombank, with a separate correspondent account at the Bank of Russia.