Volga | Finance, business

Ellips Bank raised $8m in private placement

23 Mar '11
Nizhny Novgorod-based Ellips Bank has raised $7.9m through private placement of $3.2m follow-on shares, the bank reports.

As a result of the placement, the banks authorized capital has reportedly grown to $33.9m.
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Locations: Nizhny Novgorod

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