OREANDA-NEWS. July 07, 2009. Sviaz-Bank held in Moscow an annual General Meeting of its shareholders who resolved, among other things, to increase the Bank’s Authorized Capital by 20 billion rubles, reported the press-centre of Sviaz-Bank.

The Bank’s Authorized Capital will be increased by issuing additional registered book-entry ordinary shares at a par value of 0.01 rubles each. The 2 trillion new shares will be allotted by restricted subscription.

The Bank for Development and Foreign Economic Affairs (Vnesheconombank), a state-owned corporation, has underwritten the restricted subscription allotment.