OREANDA-NEWS. September 19, 2011. Department for Licensing of Activities and Financial Rehabilitation of Credit Organizations of  Central Bank of Russia registered B&N Bank’s placement report for additional share issue. As a result, the Bank’s equity increased by RUB 1.5 bn and amounted to RUB 12.1 bn., reported the press-centre of B&N Bank.  

Meanwhile, B&N Bank’s share capital and share premium were increased by RUB 750 mn each and comprised RUB   4.2 bn and RUB 3 bn accordingly. Due to equity increase CBR capital adequacy ratio N1 stands within 13.2% (at min. 10%). B&N Bank’s CFO Alexei Kitaev noted that capitalization increase was one of top-priority tasks ensuring implementation of ambitious development plans.

It should be reminded that B&N Bank’s additional share issue (state registration number 10102562B013D) was registered on May 24 th 2011. Additional issue included 3.75 mn shares with RUB 200 par value each, at offering price of RUB 400 per each by private subscription.