Global Banking News-March 3, 2011--Russian central bank to increase minimum shareholder equity
for new banks(C)2011 ENPublishing - http://www.
Due to the partial financing of the mortgage loan portfolio with debt, non-performing mortgage loan balances are currently estimated at approximately 51% of total shareholder equity
and approximately 95% of common shareholder equity
The shareholder equity
has increased to more than $40 million and is validated by the inclusion of four securities in publicly listed companies.
The notice advised that in the opinion of the AMEX, the Company is not in compliance with Section 1003(a)(i) of the Company Guide with shareholders equity of less than $2 million and losses from continuing operations and/or net losses in two out of its three most recent fiscal years and Section 1003(a)(ii) of the Company Guide with shareholder equity
of less than $4 million and losses from continuing operations and/or net losses in three out of its four most recent fiscal years.
This standard requires that member companies that have incurred losses in their five most recent fiscal years must maintain a shareholder equity
balance of at least $6,000,000.
SALT LAKE CITY -- CirTran Corporation (OTCBB: CIRT), an international full-service contract manufacturer of IT, consumer and consumer electronics products, today reported an increase in sales of 352%, positive EBITDA of $26,518, and positive shareholder equity
for the first quarter of fiscal 2005 in its 10-Q filing with the SEC.
1 million in shareholder equity
is even more important to our business model.
at the end of 2003 was negligible.
At the same time the Company built a balance sheet with over $10 million in shareholder equity
that has consistently included over $1 million in cash.
The company's mission is to consistently build shareholder equity
through accretive acquisitions, to continue providing both stock and cash dividends to its shareholders, and to create and promote synergistic relationships among portfolio companies and affiliates.
CXIN :OTCBB) the leading provider of Biometric Security and Tracking Technology, today commented on the reported swing to over $5 MILLION of shareholder equity
posted in its financial results for the most recent quarter ended March 31, 2004.
MIchael Blumenfeld, CEO, stated, "The increase in shareholder equity
and cash is expected to have broad reaching benefits for our shareholders as we put our new financial strength to work both internally and externally.