Gazbank shareholders took a decision to up the charter capital by Rub 1 bln, the lending institution’s press service said in a press release. The lender’s equity capital will more than double after the issue, reaching some Rub 2 bln, while own funds will top Rub 4 bln. The press service pointed out that robust growth coupled with a spike in the charter capital will help the bank enter the Top 50 of Russian largest banks and also bolster the bank’s positions on the retail and corporate lending markets, thereby opening up opportunities for new investment projects.
According to the data from news agency Banki.ru and Interfax-CEA, net assets of Gazbank equal Rub 27.90 bln (81st place in Russia). The bank is a member of the national deposit insurance system.
