Английский язык: Сборник текстов и упражнений. Бодргина Л.И - 26 стр.

     IV. Say a few words about banks of our country imagining you are speaking
for a foreign student who knows practically nothing about our banks.

                            INTERNET ON SBERBANK
      Here is a piece of information provided by internet on sberbank, one of the
biggest Russian banks, in early 1998.
      51% of the bank voting stock belongs to the Central Bank of Russia. Practi-
cally no information is available about other major shareholders of the company.
By 1995 National Credit Bank acquired a big stake of the bank, but later, in the
situation of liquidity crisis in the interbank trading market , National Credit sold
off its stake , which was widely distributed – nobody managed to buy the whole
stake. It seems that there is no shareholder possessing a stake of even 1% and the
ownership is widely distributed.
      At the press conference the President of Bank announced that the bank in-
tends to increase its charter capital to R 1 tr through several issues of shares . The
8th issue of shares is, prisumably, to be registered by the end of the year and will
only comprise common stock.
      Sberbank is one of the largest operators in fixed income securities and con-
ducts 40-44% of the Treasury bill market’s trading volume.
      The bank holds negotiations with foreign banks and financial institutions on
the sale of government securities abroad, especially, the so-called “taiga” bonds.
The bank portfolio seems to be very conservative, comprising, actually, only
government securities. They do not give unsecured credits and very seldom agree
to have corporate securities as collateral.
      Sberbank is going to open a representative office in Prague, which will be the
first representative office of the bank abroad.
      According to Alfa Capital and “Rye, Man & Dor” brokers, Sberbank com-
mon shares seem to be extremely popular, especially, among industrial investors.

                                    Vocabulary

 piece                                     кусок, часть
 a piece information                       информация
 vote                                      голосовать
 voting stock                              акции, дающие право на большее
                                           число голосов при голосовании
 liquidity                                 ликвидность, ликвидные средства:
                                           наличные и близкие к ним средства
 distribute                                размещать, распределять
 possess                                   иметь, обладать
 intend                                    намереваться
 charter                                   уставные документы корпорации:
                                           устав и сертификат об инкорпорации
 charter capital,                          уставный капитал
 syn. authorized capital
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