OREANDA-NEWS. June 01, 2010. BANK URALSIB (OJSC “URALSIB” or the Bank) (RTS: USBN) is pleased to inform on reorganization of OJSC “URALSIB” by incorporating OJSC “Stroyvestbank” and OJSC “URALSIB-YUG BANK” to OJSC “URALSIB”.

From May 11, 2010 the unified state register of legal entities includes statements on termination of the activities of legal entities: OJSC “Stroyvestbank” and OJSC “URALSIB-YUG BANK” incorporated to OJSC “URALSIB”.

On May 11, Bank of Russia registered, and the issuer placed 27.5 bln ordinary shares. The nominal value of each share is 0.1 ruble. Placement of OJSC “URALSIB” additional share issue were executed through the conversion of OJSC "Stroyvestbank" and OJSC “URALSIB-YUG BANK” shares to OJSC “URALSIB” shares. As a result the authorized capital of the Bank increased by 10.4% (by 2.7 bln rubles) to 29.3 bln rubles.