Rosbank finishes consolidation of SG's assets in Russia, merges with BSGV
MOSCOW. June 30 (Interfax) - Russia's Central Bank has registered the results of Rosbank's additional share issue through which the bank boosted its charter capital by 24.7%, the bank said in a statement.
The statement said that Rosbank placed 307,571,429 shares at a face value of 10 rubles each. The total issue by face value was 3.076 billion rubles.
The shares were placed in the framework of the conversion of Bank Societe General Vostok (BSGV).
Prior to the additional share issue, Rosbank's charter capital came to 12.438 billion rubles. Therefore, following the placement, the charter capital increased by 24.7% to 15.1514 billion rubles.
Rosbank converted 4,200 common shares in BSGV each at a face value of 0.01 rubles into one additional Rosbank share at a face value of 10 rubles each.
By carrying out this additional issue, Rosbank has finished its consolidation of French group Societe Generale's Russian banking assets. The bank earlier acquired 100% in the charter capital in DeltaCredit and Rusfinance banks, both of which now operate as subsidiaries of the merged bank.
A note on the cessation of operations at CJSC BSGV was included with the state registrar on legal entities effective June 15, 2011 because of the bank's merger into Rosbank.
Rosbank was 12th biggest bank in Russia by assets at the end of the first quarter of 2011 according to the Interfax-100, compiled by the Interfax Center for Economic Analysis, BSGV - 28th, Rusfinance - 45th and DeltaCredit Bank - 70th.