Tsesnabank Raises Authorized Capital by KZT5 bn
OREANDA-NEWS. January 20, 2011. Tsesnabank announces that in accordance with a decision of the Board of Directors made on December 12, 2010, the Bank has completed placement of 5 m common shares to the amount of KZT5 bn., reported the press-centre of KASE.
As of December 23, 2010, the total number of the Bank's common shares made up 20.5 m units priced at KZT20.5 bn, the total number of its preferred shares - 2.5 units valued at KZT2.5 bn. The shares offered were successfully sold among
Hence, Tsesnabank's authorized capital rose by 27.8%, reaching KZT23 bn.
"An increase in the authorized capital will contribute to our Bank's further sustainable growth, as well as allow us to build up our loan portfolio and other financial parameters", says D. Zhaksybek, Chairman of Board of Tsesnabank.
Tsesnabank's major shareholder is Tsesna Corporation holding 63.89% of voting shares.