28 July 2003 03:32
Guta Bank to double charter capital by year-end
MOSCOW. July 28 (Interfax) - Russia's Guta Bank plans to double its charter capital by year-end through an
additional share issue of 2.5 billion - 3 billion rubles, the bank's first vice president, Denis Konstantinov, told
the press Monday.
The shares will be placed among companies in the Guta group's confectionery holding, Vasily Borisov, the chief
of PR at the bank, said.
The holding, which is managed by United Confectioners, includes 17 companies, among which are Krasny Oktyabr, Rot
Front and Babaevsky, as well as 50 trade houses and four dairies.
Guta Bank was ranked 18th by asset volume in the Interfax-100 list of Russia's banks in the first quarter of
2003. list is compiled by the Interfax Center for Economic Analysis. [RU ASIA EUROPE EEU EMRG BNK RESF] me <>
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