MFK is registered as a joint stock commercial bank
138 bln rub
authorized capital by the end of the year
first clients: Interros enterprises and employees
the first clients - energy sector and mining
1 mln rub.
authorized capital of the Interros-Dostoinstvo Non-State Pension Fund
MFK files for registration as AKB, a joint stock commercial bank. UNEXIM Bank obtains shares in Russian industrial companies, to own or to manage. For instance, in the aftermath of Black Tuesday, the crash of the interbank credit market, MFK receives the assets of Mikrodin along with stakes in ZIL and Perm Motors. On October 28, per President Yeltsin’s decree, UNEXIM Bank and MFK create FPG Interros, a financial and industrial group. The main objective of the Group is to acquire and effectively manage industrial assets. The company launches its operations on the Saint-Petersburg market with the opening of BaltUNEXIMBank and purchases shares in LOMO. This is Interros’s first professional investor move.