OREANDA-NEWS. October 20, 2014. The issue comprises 30.2 million shares, and was registered in May 2014. The nominal value of the issue is RUB 1.5 billion; the offering price will be determined later by a separate resolution of the Supervisory Board.

The securities are expected to be offered through the Moscow Exchange.

Otkritie Holding (which currently holds 75% minus 1 share in the Bank) is not going to acquire any of the additionally issued shares.

Dmitry Romaev, President of Otkritie FC Bank: “Raising additional capital will help Otkritie FC banking group improve its sustainability and expand the range of opportunities for developing our business.”