MFK Bank also known as International Financial Club, the Moscow-headquartered financial services provider for private high net worth individuals which was created by Russian billionaire Mikhail Prokhorov, has increased its share capital to RUB2.78 billion ($95 million).

Among new shareholders are Viktor Vekselberg, Alexander Abramov, Suleiman Kemirov and Ekaterina Ignatova, the bank said in a statement.

Vekselberg, a Russian billionaire who generated his wealth via oil and aluminium industries, will have a 19.71 per cent stake in the bank.

Abramov, another Russian billionaire with interests in Russia’s steel industry, also obtained a 19.71 per cent holding.

Billionaire Kemirov, who currently has stakes in a few European banks including Royal Bank of Scotland and Fortis as well as Polyus Gold, Russia's largest gold mining outfit, also acquired 19.71 per cent.

Ignatova, the wife of Sergei Chemezov, head of the government-owned industrial firm Rostekhnologii, now owns a 13.14 per cent stake in MFK Bank.

Lastly, Prokhorov, who owns US basketball team the New Jersey Nets, will retain a blocking 27.74 per cent stake in the bank.

Due to the change in the structure of the bank’s share capital the firm will shortly form a new board of directors, on which each shareholder will have two representatives.