At a board meeting Rosinterbank adopted a decision to raise the lending institution’s charter capital by Rub 2 bln in the manner prescribed by law.
Upon results of an additional issue of securities (common registered non-documentary shares), the bank’s charter capital will total Rub 2.97 bln, and equity capital will exceed Rub 4.3 bln. The additional share issue will be complete prior to April 1, 2013.
“In 2013 Rosinterbank plans to expand its coverage in Russian territory by opening branches in Kazan, Ekaterinburg, Novosibirsk, Samara, and also over 30 offices in Moscow and the Moscow region. The capital uplift will help us pursue an attractive lending policy targeting large businesses, and also SMEs, which is topical in the regions. The Affordable Education program and mortgage lending will be aggressively rolled out. Until the end of 2013 the bank’s charter capital will be raised by another Rub 3 bln, a move that will help us to execute our development strategy for the upcoming year," Marina Chernukha, management board chairwoman at Rosinterbank, commented.
