Shareholders of the MOSKOVSKY ZALOGOVY BANK decided at an extraordinary meeting to boost the equity capital by R1.56 billion to R4.0b. The increase will be by placing new shares through a closed subscription. In the near future, the bank will send documents to the Russian Central Bank required to register the additional share issuance. In October 2007, the MOSKOVSKY ZALOGOVY BANK legally finalized the equity capital increase from R1.44 billion to R2.44b.
Source: BANKIR.RU, November 8, 2007
