Business news from Ukraine

BANK KHRESCHATYK TO INCREASE CHARTER CAPITAL BY 2.5 TIMES

2 July , 2015  

KYIV. July 2 (Interfax-Ukraine) – Bank Khreschatyk (Kyiv) plans to increase its charter capital by 2.5 times or UAH 1.5 billion, to UAH 2.529 billion via an additional issue of shares.

The bank said in a press release that its shareholders will discuss the issue at a general meeting scheduled for September 4.

As reported, at a general meeting held on April 21, the bank’s shareholders approved the results of the 10th issue of shares: the bank’s charter capital was increased by UAH 200 million or 24.1%, to UAH 1.029 billion.

Bank Khreschatyk was founded in 1993. The main financial department of Kyiv City State Administration as of early April 2015 owned a 24.9397% stake in the bank, Ukrfinkom 37.4427% and Market Invest Group Ltd. 21.032%.

The bank ranked 19th among 133 operating banks as of April 1, 2015, in terms of total assets worth UAH 10.278 billion, according to the National Bank of Ukraine.