The Board of Directors of RosDorBank has decided to increase the authorized capital by 300 million rubles by placing additional ordinary shares in the amount of 2,420,000 (Two million four hundred and twenty thousand) pieces with a nominal value of 124 rubles each.
The shares will be placed through an open subscription, and the placement price will be determined by the Bank's Board after registration of the securities prospectus and before the start of the placement of shares, based on the market value, but not lower than the par value. The placement of shares may be carried out within one year from the date of registration of the prospectus.
At the same time, in all previous issues, the Bank's Board has set the same share price for both new investors and existing shareholders, who can exercise their pre-emptive right to purchase.
The decision of the Board of Directors is due to RosDorBank's plans to reach a new level of lending opportunities for legal entities, by expanding participation in government co-financing and preferential lending programs.
RosDorBank is one of the oldest commercial banks in Russia, established in 1991 with the participation of road industry enterprises. The main activity of the bank is corporate services for legal entities.
The Bank pursues a conservative credit policy, which for many years has ensured its stability and growth in profit indicators.
At the end of 2023, RosDorBank received a record profit of about 540 million rubles, increasing this figure by 90%.
Non-interest (risk-free) income in 2023 amounted to 599 million rubles, also demonstrating growth of 43%. The return on equity averages 16%.
Since 2013, the Bank's shares have been admitted to trading on the Moscow Exchange in the section of unlisted securities, where they are in constant demand. Annually, despite changes in the macroeconomic situation, dividends are paid to shareholders.
