Business news from Ukraine

MEGABANK TO INCREASE CHARTER CAPITAL BY 32.3%

29 May , 2017  

KYIV. May 29 (Interfax-Ukraine) – Megabank (Kharkiv) has decided to increase charter capital by UAH 200 million or 32.3%, to UAH 820 million through an additional share issue.
The bank said in the press its shareholders at a general meeting on April 26 decided to increase charter capital.
The bank will hold a private placement of shares. The shares will be placed at a price of UAH 1, which equals their nominal and market value.
Megabank was founded in 1990.
According to the bank, its shareholders are Viktor Subotin (direct and indirect participation of 60.89% of the charter capital), the European Bank for Reconstruction and Development with 15.00%; German Development Bank KfW with 15%, the International Finance Corporation (IFC) with 6.02%, Elena Subotina (direct and indirect participation of 10.76%).
The bank ranked 21st among 90 Ukrainian banks as of April 1, 2017 in terms of assets (UAH 8.996 billion), according to the National Bank of Ukraine.