On 25 October the Supervisory Board of Bank Saint Petersburg approved the Capitalization Growth Action Plan aimed to reach one of the principal strategic goals – market capitalization tripling by the end of 2020.
The comprehensive program implies the allocation of the Bank’s excessive capital in case of RAS Tier 1 capital adequacy ratio (N1.2) is over 9.75%.
The Supervisory Board is planning to consider an option of share buyback depending on the share price and availability of excessive capital at least twice a year.
The Bank confirms its intention to cancel the acquired shares.
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