News

Vnesheconombank increased capital of PAO AKB Sviaz-Bank

In compliance with the decision taken by its Supervisory Board in September 2016, Vnesheconombank acquired RUB 16bn worth of additional shares in PAO AKB Sviaz-Bank (VEB Group).

Following the placement of additionally issued shares in Sviaz-Bank, VEB held a 99.77% stake in the authorized capital of the subsidiary.

The placement report on the Sviaz-Bank additional shares was registered with the Bank of Russia on 26 December 2016.

After the capital increase, the authorized capital of Sviaz-Bank amounted to RUB 45bn.


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