Investbank might expand charter capital by 20%
MOSCOW. Oct 17 (Interfax) - Investbank's supervisory board has decided to call an extraordinary shareholder meeting where the bank's owners will vote on boosting charter capital by the placement of 3,399,025,944 additional common shares, the bank said in its materials.
The bank's charter capital currently stands at 1.7 billion rules, divided into 17.1 billion shares at a face value of 0.1 rubles each. As a result of the placement of 3.399 billion shares, charter capital might increase by 20% to 2.05 billion rubles.
The board proposed a placement price of 0.3 rubles per share. Therefore, the bank might raise 1.02 billion rubles and boost its capital by 27.6% to 4.7 billion rubles (according to the Interfax-100 ranking, the bank's capital now comes to 3.7 billion rubles).
In September of 2012, the bank's shareholders considered a placement of bonds, convertible into shares, as well as a boost to charter capital through an additional common share placement. However, decisions for these moves were not made as the majority voted against them.
Before this, still in September, Investbank stopped providing retail loans to "off the street" clients. By year's end, the bank will continue with consumer lending only to its employers and in the framework of payment projects for corporate clients, Investbank said in a statement.
Investbank was 84th biggest bank by assets in Russia for the first half of 202 according to the Interfax-100 ranking, compiled by the Interfax Center for Economic Analysis.