Tatagroprombank has raised its charter capital to slightly less than Rub 737.25 mln from around Rub 437.07 mln, i.e. by nearly Rub 300.18 mln. An entry about the size of the bank's new charter capital was made in the Unified State Register of Legal Entities on March 10, but has yet to be reflected on the Bank of Russia's website.
According to the data from the Unified State Register of Legal Entities, as of March 10, 2017 Tatagroprombank's biggest shareholder was Novaya neftekhimia LLC (over 46.48%). The nominal value of the equity stake is roughly Rub 343.45 mln.
Based on data posted on the bank's website, as of January 9, 2017 Novaya neftekhimia held around 9.9% of the lending institution's shares. To remind, changes in Tatagroprombank's shareholding structure and a reduction in Novaya neftekhimia's equity stake were announced in December 2016. Prior to this, the company had already been the bank's biggest shareholder (as of May 20, 2016 (the latest date of information disclosed on the CBR website) its holding was equal to 50.33%).
As of the latest date (January 9, 2017) on which Tatagroprombank disclosed this information the nominal value of Novaya neftekhimia's stake in the bank's charter capital was Rub 43.27 mln. That said, the nominal size of the company's stake in the bank jumped by Rub 300.18 mln, i.e. by the amount equal to the bank's entire charter capital.
The media reported in mid-February 2017 that Tatagroprombank's core capital adequacy ratio (N1.1) dropped below 2%. The bank noted that this occurred after the bank fulfilled the Bank of Russia's orders related to investments in Tatfondbank and Intekhbank (to remind, banking licenses of these banks were withdrawn in early March).
To restore the capital adequacy ratio it was agreed to swap Novaya neftekhimia's subordinated deposit (over Rub 300 mln) for an equity stake in Tatagroprombank.