Tatfondbank raises 1 bln ruble subordinated loan
KAZAN. Aug 7 (Interfax) - Tatfondbank from Kazan has raised a subordinated loan totaling 1 billion rubles, the bank said in a press release.
The loan boosts Tatfondbank capital to 13.7 billion rubles.
"The loan was raised in line with the bank's medium-term strategy and meets Central Bank requirements for inclusion in capital. The loan matures on January 23, 2020," the press release says.
The bank previously received two seven-year subordinated loans, each totaling 1.2 billion rubles, in December 2012 and February 2013.
Tatfondbank has not provided further information about the three loans.
The bank plans to increase capital by another 4 billion rubles in the fall, when it places 400 million supplementary shares (10 rubles each), raising charter capital to 12.6 billion rubles.
The biggest shareholders in Tatfondbank are OJSC Tatagroleasing (22.86%), which is wholly owned by Tatarstan's Land and Property Relations Ministry, Novaya Neftekhimia LLC (19.99%), Selena-Sintez (19.28%), CJSC Gelio-Polis (16.68%) and OJSC Artug-Finance (8.05%).
Tatfondbank was the 53rd biggest Russian bank by assets as of the end of the first half of 2013 according to the Interfax-100 ranking compiled by the Center for Economic Analysis.
