RIA NOVOSTI. The Central Bank of the Russian Federation reported that a procedure was launched to fold Bank Tarkhany into Rossiysky Capital.
This January the Federal Anti-Trust Service (FAS) of Russia gave the green light to fold Bank Tarkhany into Rossiysky Capital. Both lending institutions are under rehabilitation with the participation of the Deposit Insurance Agency (DIA). Last April DIA reported that after the banks issue additional shares it would review the issue of their reorganization, including by folding Bank Tarkhany into Rossiysky Capital.
In November 2010 Rossiysky Capital placed 640 bln shares with Rub 0.0000000036 par value each and the placement price equaled Rub 0.01. So, the lender raised Rub 6.4 bln and upsized its charter capital by Rub 2.3 mln. Bank Tarkhany floated its additional shares worth Rub 2.8 bln also in November 2010, after which the bank’s charter capital rose to Rub 3.5 bln.
At present, the shareholder of both banks is the Deposit Insurance Agency (DIA). In 2010 DIA deputy general director Valery Miroshnikov said that DIA plans to finalize nearly all restructuring and rehabilitation projects by the end of the year or in the first half of 2011. Specifically, he mentioned Bank Potential, Gazenergobank, Bank Tarkhany, Severnaya Kazna and Bank Gubernsky. All in all, according to Miroshnikov, the agency invested over Rub 300 bln in the projects to rehabilitate lending institutions.
