OREANDA-NEWS. On 23 June 2009 BANK URALSIB (URALSIB or Bank) (RTS: USBN) informed on state registration of placement report. On June 8th 2009 the Central Bank of Russia registered the Bank’s placement report.

On December 15th 2008 the Bank's EGM made a decision to increase URALSIB's authorized capital by placing additional ordinary non-documentary shares of the Bank. The nominal value of the share is 0.1 ruble. The shares were placed by private subscription among current shareholders - JSC "UralSib Business Center" and OJSC "Financial Corporation URALSIB".

On January 16th 2009 the Central Bank of Russia registered additional share issue of BANK URALSIB (state registration number 10200030В004D). The shares were placed during share placement period of 06.02.2009-04.05.2009.

The placed shares were paid in monetary assets in the currency of the RF on the part of OJSC "Financial Corporation URALSIB" in the amount of 1.4 bln rubles (46.895 bln shares) and in kind1  priced at 4.7 bln rubles on the part of JSC "UralSib Business Center" (14.0 bln of shares).

The shareholders, who voted against or did not participate in the voting on the placement of the Bank's shares by private subscription, obtained a pre-emption right to additional shares in the amount proportional to the quantity of the Bank's shares owned by them, at the nominal price. There were received and responded 7 requests for a total of 4.226 mln shares amounting to 422.6 th rubles (0.007% for a total volume of additional shares).

Thus the total number of placed shares is 60.899 bln with total amount of 6.1 bln rubles.

As a result of the additional issue the Bank's authorized capital will be increased by 30% to 26.5 bln rubles.

The Bank undertakes some steps in regards to Tier I and Tier II capital growth. Particularly, in the beginning of December the CBR registered a subordinated deposit of 6 bln rubles with the maturity of 10 years from Russian investors. Besides, according to the acting legislation2 the Bank considers the possibility of securing a long-term subordinated loan from the Bank for Development and Foreign Economic Affairs.

As a result of the additional issue the Bank's authorized capital will amount to 26.5 bln rubles and will be divided by 265.1 bln shares with the nominal value of 0.1 rubles. At present all companies of the Financial Corporation URALSIB own 95.88% of the Bank's authorized capital.

1 According to the current legislation of the RF, up to 20% of a credit institution's authorized capital may be formed by real estate, owned by a potential purchaser as a property (building/premise, completed (incl. inline and integrated objects), where a credit institution can reside)

2 Federal law from 13.10.2008 №173 "About provisional measures on RF financial system".