International Bank of Saint Petersburg (IBSP) will float additional shares worth Rub 150 mln. The bank's AGM decided so at the end of last week, the lending institution reported on Monday.
"The shareholders adopted a decision to upsize the bank's capital via the 18th issue of additional shares worth Rub 150 mln," the bank said in a press release.
Presently, the bank's charter capital, based on the data available on CBR's website, is equal to roughly Rub 1.22 bln.
The bank specified that last year its equity virtually doubled to over Rub 11.1 bln as of early 2015. As of January 1, 2014 the lending institution's capital adequacy ratio equaled 23.4% (11.9% a year ago). Last year the bank's assets reached Rub 55 bln.
The bank's shareholders meeting decided to pay out 5% to 150% as 2014 dividend on preferred shares depending on the number of stock state registration, the bank also said in the press release.
In addition, the shareholders also approved the bank's board of directors with the same members. N-US>Back in early May Expobank also opened a new office to serve households and businesses at MAK-Bank's head office in the historical center of Moscow (the Bolshaya Yakimanka Street). For the record, MAK-Bank was initially founded in Yakutia and was based in the town of Mirny, and was re-registered with its headquarters in Moscow in 1997. As Expobank noted in the press release, the bank's new offices offer bank cards, money transfer products, ruble and currency deposit accounts, currency exchange operations, online banking, and safety deposit boxes. Businesses are offered cash settlement services, various credit programs, international trade and project finance, and also investment banking services.
