A placement mechanism for new shares would up par value from 50 rubles ($1.85) to 3,000 rubles ($111) for common shares, and from one ruble ($0.037) to 60 rubles ($2.22) for preferred shares. A total of 19 mln common shares and 50 mln preffered shares are set to be placed.
A decision will be made at the bank's shareholders meeting June 16.
The Russian state-owned savings bank said in mid-May that its net profits had increased 260% year on year in 2005, to 65.808 billion rubles ($2.4 billion).
As of December 31, Sberbank's assets stood at 2.531 trillion rubles ($93.7 billion), up 30.7% year on year. Shareholder equity grew 50.7% to 231.069 billion rubles ($8.5 billion) in the year.
The Central Bank of Russia holds more than 60% of shares in the bank, with the remainder distributed among over 200,000 legal entities and individuals.
