Inkom Bank Increases Number of ADRs

Inkom Bank has received approval from the Central Bank to increase its number of shares in circulation in the form of American Depository Receipts (ADRs) from 3 to 4.99 percent of its charter capital. As a result, the number of ADRs at Inkom Bank may grow

<BR>Inkom Bank has received approval from the Central Bank to increase its number of shares in circulation in the form of American Depository Receipts (ADRs) from 3 to 4.99 percent of its charter capital. As a result, the number of ADRs at Inkom Bank may grow to as many as 3.04 million, each individual ADR representing 15 shares of the bank's common stock. As of January 1st, Inkom Bank's assets were recorded at 29 million "new" rubles, while its balanced profits were 749 million rubles, according to preliminary financial indicators.