SKB-Bank’s Board of Directors approved of the decision taken at the extraordinary general meeting regarding the increase in the bank’s authorized capital. The capital is to be raised by 35% and will thus reach 1,822,775,000 RUR, the bank’s press officer reports. This is expected to be done through an additional share issue of 471,630,000 ordinary shares with face value of 1 RUR each. The share price was determined by the BOD at 3.7 RUR apiece.