PrivatBank to increase charter capital by 26%
Ukraine's largest bank PrivatBank (Dnipropetrovsk) intends to increase its charter capital by UAH 5 billion, or 26.2%, to UAH 24.101 billion by issuing additional shares, the bank has said in a press release.
"The increase in the charter capital of PJSC PrivatBank is to amount UAH 5 billion. The shareholders will make the decision on share placement at a general meeting to be held on April 6, 2015. The bank plans to place shares by June 30, 2015," reads the press release.
As reported, the bank's shareholders at a general meeting on February 10 approved a new wording of the charter due to an increase in the charter capital by 5.5%, or UAH 1 billion, to UAH 19.101 billion.
PrivatBank was founded in 1992.
According to the bank, at the beginning of 2015 its largest shareholders were Hennadiy Boholiubov and Ihor Kolomoisky (36.98% each), as well as Triantal Investments Ltd (16.23%).
The bank was the largest bank among the 158 banks operating in the country on January 1, 2015 by total assets (UAH 204.585 billion), according to the National Bank of Ukraine.
