KYIV. Nov 20 (Interfax-Ukraine) – The European Bank for Reconstruction and Development will build up its stake in UkrSibbank’s capital to 40% from 15%, EBRD Senior Adviser for External Affairs Anton Usov told Interfax-Ukraine.
“With an increase in UkrSibbank’s charter capital by $130 million, the EBRD’s equity stake will grow to 40%,” he said.
As reported, UkrSibbank’s share holders at a special meeting on November 16 decided to raise the bank’s charter capital by 3.5 times, or UAH 4.466 billion, to UAH 6.239 billion through an additional issue of shares.
The bank plans to carry out a private placement of the additional issue of shares whose face value will be UAH 0.01 each.
UkrSibbank was founded in 1990.
BNP Paribas S.A. (France) had an 84.9996% stake in UkrSibbank, while the EBRD owned 15% as of the beginning of October 2015.
By October, UkrSibbank bank ranked 9th in terms of its assets worth UAH 38.084 billion among 123 Ukrainian-based banks.