Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Promsvyazbank to attract $ 500 million via IPO
25.09.2012 12:09
Promsvyazbank to attract $ 500 million via IPO

On Monday OJSC Promsvyazbank has claimed about its intention to hold IPO with listing in Moscow and London.  The expected sum of investments is estimated into $ 500 million, says The Vedomosti.


      
The attracted means might be used by Promsvyazbank for strengthening the structure of capital, for supporting the development of the bank’s activity and for successful strategy fulfillment. The bank does not report about the sum of investments. 

      
According to The Vedomosti, Promsvyazbank means to hold IPO in shortened terms till the mid of October.  About 30% of shares will be offered to investors for the total sum of about $ 500 million. HSBC, JPMorgan and Renaissance Capital are appointed the deal organizers. 

      
Open Joint-Stock Company Promsvyazbank (PSB) is one of Russia’s leading privately owned banks, successfully operating since 1995.

      
One of Russia’s largest banks. As at 1 April 2011, PSB ranked 10th by assets among Russian banks, according to Interfax information agency. From being a No. 63 bank by assets in 1998, in ten years PSB has grown into one of the largest banks in Russia.

      
 

Sources: http://www.vedomosti.ru 

Author: Irina Fomina

Tags: Russian business Russian banks Promsvyazbank   

Next Previous


You might also find interesting:

Sberbank Business Online For iOS Is Now Accessible To Visually Impaired People
29.08.2017
Loyalty360 Customer Awards
17.11.2017
The Average Price For a Used Car In Russia Fell Down
31.08.2017
The Russian Economy Will Grow By 1.1 Percent
17.07.2017
Deficit Of Federal Budget Will Amount to 1.33 Trillion Roubles
29.09.2017







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Flowers Delivery

search on the map
TAGS:
North Caucasus  Russian history  Svobodny  Exhibitions in Moscow  Albina Matveyeva  Russian Cinema  Orenburg Airport  Lialia Kuznetsova  Rostov-on-Don  Moscow  Sotheby's  skating rink  Sochi Olympics  Orest Vereisky  US  Smiles  Russian people  Alexander Pushkin State Museum  Mercedes-Benz Fashion Week Russia  Russian tourism  Republic of Buryatia  Russian parliament  Russian rouble  Russian Theater  St. Petersburg Museums  Museum of Naive Art  Nizhny Novgorod  Toronto International Film Festival  Russian ballet dancers  Olga Borodina  Russian economy  Archeology  Sergey Kalugin  Azov  Saransk Souvenirs  Board Of Guardians  Russian banks  Chechnya  Exhibitions in Saint Petersburg  Video Art  Russian gas  Russian transport  Kuznetsk  Russian Literature  Russian social networks  Russian business  Sochi Olympic Games 2014  Russian shops  ColorFest  Painting 


Travel Blogs
Top Traveling Sites