OREANDA-NEWS. August 01, 2012. SB Sberbank of Russia has successfully offered 2 million common shares that allowed increasing the bank share capital by KZT15 billion. This indicator is the record-breaking if compared with the increase of other banking market players authorized capital during the last two years, reported the press-centre of KASE.

The offering price made up KZT7.5 thousand per share. The offered shares face value - KZT1000 per share. As earlier noted, the bank shareholders had the pre-emption right. As a result of offering the bank equity capital exceeded KZT73 billion.

The share capital increase will allow issuing credits to both legal entities and individuals. Additional capitalization will lead to the increase of the capital sufficiency indicators and will ensure the business growth, stipulated by the strategy, and will facilitate the market stake increase. At the same time,  given unstable situation on the financial markets this significant increase of  the share capital proves the investors confidence in the bank reliability.

"We are satisfied with additional capitalization results, which prove confidence of our shareholders in development perspectives of the entire banking system of Kazakhstan and reliability of a subsidiary bank. Moreover, additional capitalization allows strengthening of our positions in all segments of the country banking market", - emphasized Acting Chairperson of SB Sberbank of Russia Management Board Mr. Shukhrat Sadyrov.