AK BARS Bank increased its authorized capital

On 27 June, 2017 Corporate Affairs Department of the Bank of Russia registered the additional ordinary shares issue report of AK BARS Bank. The issue placed via public subscription with the state registration number 10402590В006D, the state registration date is 9th of March 2017.

According to the submitted additional ordinary shares issue report, the issuing credit organization placed additional issue securities in the amount of 10 000 000 000 pcs; each security par value of additional issue is RUB 1; the total amount of additional issue securities placed at par value is RUB 10 000 000 000.

Following the additional issue, authorized capital amounted to RUB 48 015 396 326.

On 30, January 2017 the shareholders of the Bank approved the decision to increase the authorized capital by RUB 10 billion. The additional ordinary registered non-documentary shares issued at par value of RUB 1 each. The decision was made within the Extraordinary General Meeting of shareholders as part of implementation of 2021 Strategy of the Bank involving an increase in volume of business and entering the TOP-15 Russian banks.

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