NDC Sells Its Stake in Bank “National Clearing Center” CJSC

29 October 2009
Print version

“The National Depository Center” (Closed Joint Stock Company) (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, announces that it has left the authorized capital of Bank “National Clearing Center” Closed joint-stock company (NCC) by means of selling of its stake in the bank. The appropriate changes in the NCC's register have been made on 27 October, 2009.

It is worth reminding that on 29 September, 2009 NDC's board of directors voted to withdraw from Bank “National Clearing Center” CJSC through the sale of its 4,700 common registered shares to MICEX. NDC's stake in the bank amounted to 0.27%.

 About NDC:

“The National Depository Center” (Closed Joint Stock Company) is the largest settlement depository in Russia, servicing the full range of debt and equity securities of Russian issuers. NDC provides storage of global certificates and depository accounting for 99% of corporate bond issues, sub-federal and municipal bond issues. It services 100% of transactions conducted in the federal bond and the Bank of Russia bond markets, more than 99% of transactions conducted in the corporate and regional bond markets, and more than 99% of stock exchange transactions with equities and OTC trades. The international rating agency Thomas Murray has assigned NDC an АА- rating as a central depository. NDC is Russia's national numbering agency, and the substituting numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.

Among NDC’s shareholders are MICEX (50,1727% of shares), Bank of Russia (42,2997% of shares) as well as GPB (OJSC) (Gazprombank), Evrofinance Mosnarbank, ROSBANK (OJSC JSCB), JSC VTB Bank, Bank of Moscow, JSC Rossiyskiy Kredit Bank, Vnesheconombank, ING Bank (Eurasia) ZAO, JP Morgan Bank International LLC, ZAO UniCredit Bank, Deutsche Bank, and Sberbank. NDC has stakes in Depository Clearing Company CJSC (37.29%) and in Settlement Depository Company CJSC (28.54%).


For further information about NDC: www.ndc.ru, or NDC Public Affairs Division: +7 495 232 0910,

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