The capitalization of National Bank TRUST will increase by 4.8 billion rubles

The main shareholders of National Bank TRUST have decided to increase the Bank’s 1st and 2nd tier capital by 4.8 billion rubles during 2007.

The capital will be increased in two stages. During the 1st stage, a closed subscription subordinated loan in the amount of 1 billion rubles will be placed.

In the 2nd stage, a second share issue in the amount of 3.8 million rubles is planned. Payment will be made in cash as well as with real estate (within established legal limits) which was purchased by the TRUST Group over the last two years. The majority shareholders of TRUST Group will purchase the shares.

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