Russia New Growh Fund managed by Troika Capital Partners completed the acquisition of 7.94% of URSA Bank’s voting stock on December 5, 2007, the bank’s chairman Igor Kim announced at a Russian Banking Forum in London.

'Having a new shareholder is going to give us new exciting ideas and great expertise,’ he said.

'URSA Bank was chosen by the Fund for its active development, nice regional coverage, and good management,’ the Fund CEO notes.

The bank’s shares now belong to chairman Igor Kim (35.55% of voting stock), BOD members Andrei Bekarev and Alexander Taranov (8.28% each), SM.art (11%), the European Bank for Reconstruction and Development (17.58%), DEG (6,37%), Clariden (4,25%), and Russia New Growth Fund (7.94%).