OREANDA-NEWS. December 19, 2013. The placement of additional issue of shares of Tatfondbank to the amount of RUB 4 billion (at the nominal value of 10 roubles each) has been completed.

Parameters of additional issue were determined by the Board of Directors of Tatfondbank in April this year, and the decision on increasing its charter capital was made at the Annual General Meeting of Shareholders in May.

The Bank carried out previous additional issue the last year, when shares worth of RUB 1.3 billion were placed through public offering. As a result the charter capital increased by 18%.

Tatfondbank is a universal bank rendering all kinds of banking services to individual and corporate customers. The Bank was established in 1994 and is among 50 largest banks of Russia in assets. At 1 December 2013, its assets totalled RUB 127 billion. The Government of the Republic of Tatarstan is the Bank’s key co-owner.

The priority lines of the Bank’s business are retail and corporate lending. At 1 December 2013, its lending portfolio totals RUB 81 billion.

The Bank has 118 offices and branches in the territory of Russia.

According to the Bank’s Development Strategy approved for a three-year period (2013-2015), Tatfondbank will continue to further diversify its assets considering as its priority the development of retail business and intensification of its efforts aimed at working with small- and medium-sized enterprises, as well as further expansion of its presence in Russian regions.