OREANDA-NEWS. On July 11, 2007 Moscow Territorial Head Administration for the Central Bank of the Russian Federation registered the additional emission of common shares of the Moscow Bank for Reconstruction and Development (MBRD), reported the press-centre of Sistema.

Thus, the authorized capital stock of MBRD will be increased by 17,18% up to 545,5 million rubbles. 160 thousand shares with the nominal price of 500 rubles will be issued under a closed subscription. All the shares will be purchased by Sistema JSFC at 10 thousand rubbles per share.  The amount of the transaction will be 1,6 billion rubles.

"The extension of the authorized capital stock is one of the steps to realize the Bank's strategy, which will in general enable the Bank to expand its' share on the Russian market" - mentioned Sergei Zaycev, Board Chairman of MBRD.
 
Joint-Stock Commercial Bank "Moscow Bank for Reconstruction and Development" - is a universal commercial bank, which is working on the Russian banking services market since 1993. (It was granted a full banking license № 2268 by the Central Bank of Russia on 12 November 2002) The assets according to the published accounts on 1 March 2007 are 74 943 963 thousand rubles. Capital Stock on 1 March 2007 was 465 500 thousand rubles. Own capital on 1 March 2007 was 5 791 112 thousand rubles. The main shareholder of JSCB "MBRD" is Sistema JSFC. MBRD is the Authorized Bank of the Government of Moscow. The revenue in 2006 rose by 114% to $228,2 million.