Wednesday, June 1, 2011

The Bank of Russia has registered additional issue of shares in KIT Finance Investment Bank (OJSC) worth 2 billion rubles

February 9, 2011 The Department of Licensing and Financial Recovery of Credit Institutions of the Bank of Russia has registered additional issue of shares of CIT Finance Investment Bank (OJSC), a $ 2 billion. 200 million additional shares of the Bank of face value of 10 rubles each were placed by private subscription and purchased the following persons in favor of NPF WELFARE: Closed Joint Stock Company "Management company" TRANSFINGRUP "DW pension reserves NPF "WELFARE", CJSC "Management Company TRINFICO" DW pension reserves NPF "WELFARE", Limited Liability Company "INDUSTRIAL TRADITIONS DU pension reserves NPF "welfare." As a result of additional issue of bank's authorized capital has increased to 7 billion, shareholders' equity amounted to 14.6 billion rubles. The decision on capital increase the bank was taken under the financial recovery plan at an extraordinary shareholders' meeting KIT Finance Investment Bank (OJSC) October 21, 2010. According to results of additional issue of equity structure KIT Finance Investment Bank (OJSC) is as follows: SPF "Welfare" - 57.15% LLC Transfinkapital "- 23,12% of JSC" RZD "- 19.29% Shareholders of minority shareholders - 0 45% of the previous issue additional shares was completed on July 8, 2010. In the event shares worth 2 billion rubles were also purchased by NPF welfare. "

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