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.

Press Office