The Chief Directorate of the Central Bank of Russia in the Leningrad region performed state registration of Ruscobank’s additional share issue, the lending institution’s press office reported. The actual value of the registered share issue amounted to Rub 498.1 mln. The additional share issue increased the bank’s charter capital from Rub 5.1 mln to Rub 503.3 mln. The lender’s equity stood at Rub 385 mln as of March 1, 20008. This means that the additional share issue pushed it up to Rub 900 mln.
According to the data from news agency Banki.ru and Interfax-CEA, net assets of Russian Trade and Industrial Bank amounted to Rub 3,066 mln (361st place in Russia). The bank is a member of the national deposit insurance system and is part of East European Finance Corporation.
