Rodovid Bank Completes 24% Charter Fund Increase
26 June 2008
At Rodovid Bank’s (RODB: BUY) AGM yesterday, shareholders approved the results of a 24% charter fund increase, bringing the total number of shares to 435,000. Shareholders bought 85 ths additional shares at USD 1,446 per share, to bring the bank’s share capital to USD 192 mln. Subscription ran from June 1 to June 20. Alexander Viktorov: This is the first share issue at market price, which was made possible by new legislation that came into force at the beginning of the year. Raiffeisen Bank Aval (BAVL: HOLD) will be the bank to raise its capital at market price.
