OREANDA-NEWS.  January 09, 2014. The Central Bank of the Russian Federation has today registered the additional share issue of Tatfondbank for RUB 4 billion (with nominal value of one share being equal to 10 roubles). As a result, the Bank has increased its charter capital by 46%, up to RUB 12.6 billion.

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

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

Tatfondbank is a universal bank with state participation 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 Bank’s priority lines of 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.