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Uralsib will increase authorized capital

January 21st, 2009

Bank Uralsib is the first of Russian banks, which is measured to address for subordinated credits, has decided to increase its authorized capital due to real estate.
Bank’s shareholders have made a decision on increase in the authorized capital of bank at RUR 6,2 billion by accommodation of additional emission of shares among operating shareholders. Thus the most part of placed securities (RUR 4,69 billion) will be paid not by money, and real estate.
In exchange for shares Joint-Stock Company “Business centre” Uralsib”" will transfer bank office building (Efremova str., 8). The main office of financial corporation “Uralsib” with the same bank also settles down here now.
The opportunity of escalating of the capital of bank due to real estate is stipulated by the Russian legislation, now 20 % of the authorized capital of bank can be paid due to the real estate.

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