OREANDA-NEWS. July 06, 2011. METROKOMBANK has increased its regulatory capital which made up KZT11.3 bn as of June 30, 2011. Consequently, the Bank has met the National Bank's requirement for the minimum size of second tier banks' registered capital and net worth, reported the press-centre of KASE.

The increase became possible thanks to placement in June 2011 of 1.5 m units of authorized preferred shares totaling to KZT1.5 bn as well as attracting long-term subordinated loans to the total amount of KZT3.0 bn.

"This event will allow our financial institution to continue its activities as a bank at the republican level. We intend to further develop our main operations - providing loans to SME and the corporate sector, at the same time rendering high-quality services and stable partnership to them", - said Guram Andronikashvili, Chairman of the Management Board of METROKOMBANK.