Board of Directors of MTS Bank decided to increase the authorized capital by placing 6,925,812 shares, which will amount to no more than 20% of the current authorized capital of the bank. Securities are planned to be placed by open subscription. Price of placement will be set by the Board of Directors later. Goals of the additional issue: building up the loan portfolio with high ROE above 35% and possible M&A deals with undervalued assets at a significant discount, which will give a synergetic effect for the bank.