OREANDA-NEWS. December 10, 2007. On December 5, 2007, Russia New Growth Fund under management of Troika Capital Partners closed the deal to purchase 7.94% of URSA Bank’s voting stock. This was announced by Chairman of the Board of Directors Mr. Igor Kim at the Banking Forum in London.

“Gaining a shareholder like this will bring new ideas and vast experience to the Bank. The new shareholder will strengthen the Bank’s shareholding structure”, said Mr. Kim.

According to Managing Director of RNFG Giedrius Pukas, URSA Bank attracted the Fund “by its healthy development aggression, wide regional coverage and good management".

Currently, the biggest shareholders of the Bank are Chairman of the Board of Directors of URSA Bank Mr. Igor Kim (35.55% of voting shares), members of URSA Bank’s Board of Directors Mr. Andrei Bekarev and Mr. Alexander Taranov (each having 8.28% of voting shares), 11% of voting shares are owned of SM.art (former UVTB shareholders), 7.94% are owned bу Russia New Growth Fund under management of Troika Capital Partners (TCP), EBRD with 17.58% of voting stock, DEG (6.37%) and Clariden (4.25%).