Russia's largest bank gets nearly $US 9 BLN from SPO
Published time: 27 Mar, 2007 04:01 Edited time: 27 Mar, 2007 08:01
Russia's retail savings bank Sberbank has released the final results of its supplementary share issue that took place from February 22 to March 24.
The bank said in it's statement that a total of 2.587 million shares were placed, or 73.9% of the total issue. As the result, Russia's largest bank raised $US 8.8 BLN from the issue.The President and CEO of the state-controlled Sberbank, Andrei Kazmin, estimated the number of the bank's shareholders following the additional share issue at 250,000 – most of them are private individuals.