OREANDA-NEWS  On 22 October was announced, that Transcapitalbank increased its capital by 1,05 billion rubles by means of additional equity issue. The placement of shares has been held from 8 September to 13 October 2008 by a closed subscription among the existing shareholders of Transcapitalbank. The nominal value of one share amounted to 1 000 rubles. The actual value of placement is 5 500 rubles per one share. As a result Bank’s own capital totaled 7 627 316 000 rubles. The equity stake of EBRD remained the same and amounted to 25% +1 share. The stake of German investment company DEG increased from 8.39% to 10.5%. Stakes of minority shareholders almost remained unchanged.

The capital increase will enable Transcapitalbank to retain a stable lending of its customers at the earlier volumes. This is particularly important for small and medium-sized business. Transcapitalbank has already provided SME loans at the total sum exceeded 18 billion rubles.

"Maintaining of lending of domestic industry, especially small and medium-sized enterprises is our mission, and in general - the mission of our Government " - emphasized Olga Gryadovaya, Chairman of the Board of Transcapitalbank.