Rus News Journal

Bank rally

Zenith and St.-Petersburg banks " prepare to IPO

In the end of last week; St.-Petersburg and Zenith declared inclusion since October, 11th of the actions in kotirovalnyj list B on RTS. Experts connect passage of listing of papers of banks with plans to spend IPO, however notice that till the end of the year it is necessary to wait a little with public placings.

bank actions Zenith have been included in RTS Board in July of this year, transactions on papers it was not spent, according to the quotations exposed on Friday, bank capitalisation has made 1,963 mlrd dollars In the end of August of the Central Bank has registered release of ordinary actions of bank Zenith on 1,65 mlrd the rbl., placing will be spent on an open subscription. After dopemissii an authorised capital stock Zenith will increase on 14,29 %. Ordinary actions of bank St.-Petersburg In indicative system of RTS are since April, last transaction has been concluded on October, 3rd at the price of 5 dollars for the action. Bank capitalisation under the exposed quotations has made on October, 5th 729 million dollars In the middle of September of the Central Bank has registered release dopemissii bank actions St.-Petersburg on 50,8 million rbl., the action also it is planned to place on an open subscription. After placing a bank authorised capital stock St.-Petersburg will increase by 20 %.

Passage of procedure of listing, certainly, is one of steps of banks to carrying out of public placing. bole that kotirovalnyj the list In is intended those for papers of the emitters planning for the first time to spend exchange or off-exchange placing. According to RTS rules, in this list of a paper can be no more than six months. However, as practice shows, it yet does not mean that banks will spend placing during half a year. In general, occurrence in listing at all does not oblige to spend IPO - it is possible to leave listing, and then again to undergo occurrence procedure in it - the head of group of financial examination IK " speaks; finam Yury Eremin.

According to chief executive IK Tserih Kepital Management Alexander ShCheglova, inclusion in kotirovalnyj the list becomes for accumulation of trading history that then, after placing, securities it was possible to translate faster in kotirovalnye lists of higher level. Besides, as he said, there is such technical moment when passage of listing before placing allows to reduce time of a conclusion of papers for the auctions after IPO.

At bank St.-Petersburg capitalisation small, and its shareholders are physical persons. In 2006 at bank deficiency of own capital was obviously felt. Proceeding from it it is possible to expect that the bank ohotnee will leave on IPO, and is possible even at the small price, - the chief of analytical management FK " considers; Opening Halil Shehmametev. - As to bank Zenith that, by my estimations, at it the sufficient size of own means. That is unlike bank St.-Petersburg to which needs to increase the size of own capital, Zenith can wait adverse market condition .

Now for IPO banks not the most successful time. And till the end of the year hardly in market condition there will be improvements. While it is obvious that crisis yet has not passed, ahead even difficult months October and November - Alexander ShCheglov marks.

with it Yury Eremin agrees also: it is clear that banks will choose the optimum moment for placing, I think, half a year - sufficient term that the conjuncture has risen. Interest to bank sector is high, to wait end of crisis of liquidity enough. If to tell about capitalisation of the companies, bank St.-Petersburg it is possible to estimate in 650-700 million dollars, bank Zenith - 2,3-2,5 mlrd dollars .

In bank Zenith as well as in bank St.-Petersburg could not comment on inclusion of actions in list B.