The Department for Licensing and Financial Rehabilitation of Credit Institutions of the Bank of Russia has registered a report on the results of the additional share issue of CJSC JSCB National Clearing Centre for the amount of 9 bln roubles. As a result, the Bank’s authorized capital was increased to 15 bln 170 mln roubles, and its equity exceeded 27 bln roubles.
The additional closed subscription issue consists of 9,000,000 common registered uncertificated non-convertible shares with nominal value of 1,000 roubles each (at placing price of 1,000 roubles).
“This increase in authorized capital has enabled the Bank to bring its equity in par with the level of the most capitalized international clearing organizations”, says Mr. Alexey Khavin, Chairman of the Board of CJSC JSCB National Clearing Centre. According to him, “NCC’s high capitalization, along with the status of qualified central counterparty recently assigned to NCC by the Bank of Russia, is the sound reason to view the Bank as a reliable element of the Russian financial market infrastructure, both in the eyes of the domestic and foreign clients and counterparties”.
Information for editors:
CJSC JSCB National Clearing Centre, member of Moscow Exchange , was established in October 2005. NCC renders clearing services and acts as central counterparty in the financial market.The bank’s sole shareholder isMoscow Exchange (100%).
Since November 2009, NCC has been the member of the European Association of Central CounterpartнClearing Houses – (EACH), and since September 2011 – member of the Global Association of Central Counterparties – CCP12.
NCC holds a license of the Bank of Russia for banking operations with rouble and foreign currency funds, and a license of professional securities market participant, issued by the Federal Service for Financial Markets (FSFR). As of 01 October 2013, the bank’s equity amounts to 18 bln roubles, including the authorized capital of 6 bln 170 mln roubles.