OREANDA-NEWS. On 14 April 2008 was announced, that the Bank of Russia registered an additional stock issue by TransCreditBank.  The decision on the issue was taken by GSM on February 11, 2008.

The issue prospectus provides for issuance of 600,000,000 ordinary registered shares of RUR1 face value each, issued as entries to account.   The issue will be placed by closed subscription with Non-Trading Organization “Non-government Pension Fund “Blagosostoyanie”” at RUR8 per additional share.

Following the issue the Bank’s equity will increase by RUR4.8 bn.