03 February 2003 21:33
MBRR plans to up charter capital
MOSCOW. Feb 3 (Interfax) - Moscow Bank of Reconstruction and Development (MBRR) plans to increase its charter capital
this year, MBRR Chairman Alexander Arutyunov told Interfax, without specifying the volume of the planned additional
issue.
"We plan to make an additional issue this year, which will probably take part in two phases," he said. In
the first phase, shares will be placed among current shareholders and in the second, slated for the third and fourth
quarters, the bank will get new shareholders.
Asked whether the new shareholders might be foreign, MBRR Board
Chairman Yuri Ponomarev said that foreign structures had shown
interest. But it is too early to talk of selling the bank, or part of
Current shareholders are PromTorgTsentr with 5.39%, Alrosa with 13.32%, AMT with 5.02%, Notris with 5.77%, Noel with
5.22% and Sistema with 18.73%.
it. An exception would be if a new shareholder provided not just money, but also if its contribution to the
development of MBRR is comparable to that of the major shareholder, he said.
MBRR plans to raise a syndicated loan from foreign banks. "This could happen in the second half of 2003, but
most likely next year," he said, without specifying any specific amounts.
MBRR was 42nd by asset volume on the Interfax-100 list of Russia's banks for the third quarter of 2002. [RU ASIA
EUROPE EEU EMRG BNK ISU STX WEU LOA] me <>
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