RSS Feed
Gazprombank plans IPO in 2008 
Actuality January, 2008
Date of offering beginning: 2Q of 2008
Date of offering end: 2008 year
| IPO Characteristics | |
| Date of offering | 2Q-3Q of 2008 |
| Stock exchange | LSE |
| Underwriters | Morgan Stanley |
| Amount of offered stocks in authorized capital | 15-20% |
| Is planned to attract | $8 bln |
About the company
Gazprombank, the joint stock bank of gas industry, is the authorized bank of OAO Gazprom and enters the top five of the largest Russian banks regarding all basic indices.
Besides gas industry, Gazprombank currently renders bank services to enterprises and employees of other real sector industries of the economy (chemical industry, engineering, defense and other). The Bank's clients are about 2 mln citizens, over 36 000 corporate clients, including 1 000 enterprises and organizations of gas industry.
Gazprombank has the ramified regional network.
It comprises 35 branches and 4 banks with Gazprombank capital participation, included in the Interregional Banking Group for the Gas Industry created in 1999.
More than 300 bank offices altogether.
Gazprombank also participates in the capital of one foreign bank – Belgazprombank (Byelorus).
The bank provides service of such large international projects as "Yamal-Europe" gas pipeline laying from Siberia in Europe; "Blue Stream" – on gas transportation across the Black Sea bottom to Turkey; gas pipelines laying on the territory of Central, Eastern and Southern Europe.
The system of bank service is created for OAO Gazprom perspective projects in the regions of Siberia and Far East on Russian gas supplies to Japan, China, South Korea.