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BRIEF-Otkritie shareholders to discuss share capital increase
September 26, 2017 / 7:10 AM / 3 months ago

BRIEF-Otkritie shareholders to discuss share capital increase

Sept 25 (Reuters) - BANK FC OTKRITIE:

* SAYS ITS SHAREHOLDERS AT THE EXTRAORDINARY GENERAL MEETING ON OCT. 30 WILL DISCUSS THE BANK‘S SHARE CAPITAL INCREASE THROUGH ADDITIONAL SHARE ISSUE VIA PRIVATE SUBSCRIPTION

* ITS BOARD HAS DECIDED TO USE THE RESERVE FUND IN THE AMOUNT OF 10.64 BILLION ROUBLES AND ISSUE PROFIT OF 58.65 BILLION ROUBLES TO COVER THE BANK‘S LOSSES

* RUSSIA‘S CENTRAL BANK HAS RECENTLY TOOK OVER CONTROL OF OTKRITIE AFTER DISCOVERING A HOLE IN ITS BALANCE SHEET THAT COULD BE UP TO $6.9 BILLION

Source text - bit.ly/2y5bbAP

Further company coverage: (Gdynia Newsroom)

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