OREANDA-NEWS.  August 02, 2012. Department for the Licensing of Activities and Financial  Rehabilitation of  Credit Organizations of Bank of Russia registered the placement report for B&N Bank’s additional share issue  according to which  the  Bank’s equity increased by 3 billion rubles and made 17.6 billion rubles, reported the press-centre of B&N Bank.

Thus, the Bank’s share capital and share premium were increased by 1.5 billion rubles each and made 5.7 billion rubles and 4.6 billion rubles respectively. As a result of increase in the capital, CBR capital adequacy ratio (N1) is in the range of 13 % (at minimum standard of 10 %).

We would like to remind that the Bank’s additional share issue (the state registration number 10102562В014D) was registered on January 16th, 2012. The number of placed securities made 7.5 million pieces at par value of 200 rubles per share; and the offer price made 400 rubles per share by private subscription. The resolution on additional issue was adopted for the purpose of the Bank’s Tier 1 capital increase from 8 billion rubles to 11 billion rubles.