J&T Bank has raised its charter capital from Rub 755 mln to Rub 6.35 bln. The Bank of Russia recently registered a report on the issue of the bank's additional common non-documentary shares worth Rub 5.6 bln, the bank said in a press release.
"The funds will be used to expand the bank's operation, and will also broaden its possibilities to support the Russian economy and boost its credit portfolio," said the bank.
The regulator specified that the bank's shareholders remain the same after the additional share issue. The bank is 100% controlled by Czech-based J&T Finance Group, which is equally owned by Jozef Tkáč and Ivan Jakubovič from Slovakia.
J&T Finance Group, aggregate assets of which equal around EUR 14 bln, "is interested in further expansion in Russian territory and continues to successfully pursue its business expansion strategy on the markets outside of Europe," the Russian bank said in a press release.
The Russian lender specified that this year the group began execution of its long-term program aimed at rolling out a regional network and broadening presence in Russia. Over the medium term the group is exploring the possibility of boosting J&T Bank's capital using subordinated loans, and also the one of acquiring a new bank in Russia, the bank said in the press release.
